Micronics Japan raised its forecast for the year to December 2026 on 12 November, lifting expected operating profit to ¥36.1bn from ¥31.4bn and revenue to ¥110.0bn from ¥103.8bn. The company credits memory probe-card demand, an earlier-than-planned production increase and a shift in product mix. It also raised its year-end dividend forecast to ¥208 per share from ¥178, against ¥95 for the previous year.
| Measure | Previous forecast | Revised forecast | Prior year |
|---|---|---|---|
| Revenue | ¥103.8bn | ¥110.0bn | ¥70.2bn |
| Operating profit | ¥31.4bn | ¥36.1bn | ¥16.5bn |
| Ordinary profit | ¥32.0bn | ¥37.5bn | ¥17.1bn |
| Net profit attributable to owners of parent | ¥23.0bn | ¥26.8bn | ¥12.1bn |
| Year-end dividend per share | ¥178 | ¥208 | ¥95 |
What the quarterly beat was made of
For the nine months to 30 September, revenue was ¥81.96bn against the ¥74.2bn forecast issued on 12 August, and operating profit was ¥26.99bn against ¥22.4bn. The company gives two reasons for the revenue gap: memory probe-card production ran above expectations, and sales of some products scheduled for the next quarter were recognised early. It attributes the operating profit gap to product mix and to selling, general and administrative costs coming in below expectations.
The notice does not say how much revenue was moved forward. The results deck is similarly mixed: it says record memory sales in July to September came on sales brought forward as capacity was increased. Production above plan and earlier recognition therefore both sit inside the beat, and the early-booked sales are timing, not extra demand.
Quarterly revenue was ¥32.76bn and operating profit ¥11.44bn, a 34.9% operating margin against 35.1% in the April to June quarter.
Capacity and demand
The quarterly earnings report says the probe-card business continued to expand memory probe-card production capacity, so the expansion is described as under way, not finished. Machinery and equipment, net, rose ¥5.52bn from the end of 2025 to ¥17.88bn at end-September. The documents give no capacity figure or completion date.
On demand, the results deck says orders rose sharply from the previous quarter, with strong DRAM demand, led by high-bandwidth memory (HBM), continuing. The revised guidance raises probe-card revenue to ¥108.4bn from ¥102.0bn.
Weak spots and caveats
The test equipment segment is moving the other way. Its full-year revenue forecast was trimmed to ¥1.6bn from ¥1.7bn, and its nine-month segment loss was ¥1.14bn against ¥488mn a year earlier. Nine-month ordinary profit also includes ¥1.83bn of foreign-exchange gains in non-operating income, against ¥47mn a year earlier, so the operating line is the cleaner read on the business. The forecast assumes ¥158 to the dollar.
Micronics Japan warns that actual results may differ from the forecasts, which rest on information available on the release date.