AINAVO HOLDINGS (7539) Q4 2024 earnings summary

Executive summary

• FY2024 revenue rose 4.3% to ¥89,782m and operating profit rose 22.7% to ¥2,171m; net income edged down 0.4% to ¥1,268m.

• FY2025 guidance targets growth in revenue, operating profit, ordinary profit and net income.

• Techno Glass Service joined the consolidated operations in October 2024, expanding glass processing and installation operations in Tohoku.

Financial highlights

• Revenue rose ¥3,696m to ¥89,782m; gross profit increased 8.3% to ¥12,903m.

• Operating profit increased ¥401m to ¥2,171m; ordinary profit increased ¥409m to ¥2,477m, up 19.8%.

• Net income was ¥1,268m, down ¥5m; summaries cite acquisition-related merger loss and higher taxes.

• SG&A rose 5.8% to ¥10,732m, including higher personnel costs.

• Comprehensive income was ¥1,298m, down 15.6%.

Outlook and guidance

• FY2025 forecast: revenue ¥92,700m (+3.2%), operating profit ¥2,250m (+3.6%), ordinary profit ¥2,550m (+2.9%) and net income ¥1,550m (+22.1%).

• Priorities include new-customer development, business model transformation, strategic M&A, and growth targets across siding, sash, non-residential and housing businesses.

• Medium-term plan targets ROE of 8%; FY2025 revenue plan is ¥92,700m.