Aichi Steel (5482) Q1 2025 earnings summary

Executive summary

• Revenue for the quarter ended June 30, 2024, was ¥71,933 million, down 2.5% year-over-year.

• Operating profit declined 51.6% to ¥1,485 million compared to the same quarter last year.

• Net profit attributable to owners of the parent fell 50.7% to ¥1,122 million year-over-year.

• Comprehensive income rose 36.2% to ¥7,797 million, driven by gains in other comprehensive income.

Financial highlights

• Gross profit decreased to ¥8,082 million from ¥9,471 million year-over-year.

• Basic and diluted EPS dropped to ¥56.87 from ¥115.43 in the prior year quarter.

• Total assets increased to ¥446,455 million as of June 30, 2024, from ¥443,108 million at March 31, 2024.

• Equity attributable to owners of the parent rose to ¥256,859 million, with a ratio of 57.5%.

Outlook and guidance

• Full-year revenue forecast is ¥300,000 million, up 1.2% year-over-year.

• Full-year operating profit is projected at ¥7,000 million, down 32.5% year-over-year.

• Net profit attributable to owners of the parent is forecast at ¥3,700 million, a 43.9% decrease.

• Full-year EPS is expected to be ¥187.42.

• Dividend forecast for FY2025 is ¥70 per share, down from ¥100 in FY2024.