Shibaura Machine FY2024 results mixed, forecasts lower amid uncertainty

Shibaura Machine (TSE:6104) announced its consolidated financial results for the year ended March 31, 2025, revealing a mixed performance alongside a cautious outlook for the coming year. FY2024 saw net sales reach JPY168.1 billion, up from JPY160.6 billion in the previous year. Operating profit also increased to JPY14 billion from JPY13.6 billion. Despite this, ordinary profit decreased to JPY14 billion from JPY14.6 billion, and net profit attributable to owners of parent declined significantly to JPY12.5 billion from JPY17.9 billion due to impact of exchange rate fluctuations and no recognition of an extraordinary income related to the commercialization of MFLP Zama.