Aida Engineering (6118) Q1 2025 earnings summary

Executive summary

• Net sales rose 5.9% year-over-year to ¥17,858 million, driven by higher sales of medium/large presses and services, and yen depreciation.

• Operating income increased 33.9% year-over-year to ¥899 million, with improved margins and higher sales.

• Net income surged 64.0% year-over-year to ¥776 million, aided by improved gross profit and gains from sale of investment securities/strategic shareholdings.

• Orders declined 3% year-over-year due to lower demand for high-speed presses for EVs, but order backlog grew 5.4% to ¥80,844 million.

• Full-year FY2025 guidance maintained: net sales ¥74,000 million (+1.7%), operating income ¥5,700 million (+57.7%), net income attributable to owners ¥4,200 million (+49.6%).

Financial highlights

• Gross profit rose 10.8% year-over-year to ¥3,461 million, with the gross profit ratio improving by 0.9 points to 19.4%.

• Operating income margin increased by 1.0 point to 5.0%.

• Ordinary income grew 15.0% year-over-year to ¥860 million.

• Comprehensive income for the quarter was ¥1,691 million, down 32.9% year-over-year.

• Net income per share increased to ¥13.36 from ¥7.93 year-over-year.

Segment performance

• Presses accounted for 73.7% of sales, services 22.3%, and others 4.0% in the quarter.

• Japan: Net sales ¥10,716 million (+25.4% YoY), segment income ¥400 million (vs. ¥118 million loss prior year).

• Americas: Net sales ¥5,223 million (+61.4% YoY), segment income ¥529 million (vs. ¥16 million loss prior year).

• China: Net sales ¥1,992 million (–43.8% YoY), segment income ¥47 million (–76.0% YoY).

• Automotive-related sales rose 16.1% year-over-year, while electric-related sales fell 2.5%.