Aiphone (6718) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 13.3% year-over-year to ¥15,887 million.

• Operating profit increased 7.9% year-over-year to ¥1,599 million.

• Ordinary profit was ¥1,837 million, up 0.4% from the prior year.

• Profit attributable to owners of parent declined 12.8% year-over-year to ¥1,317 million.

• Comprehensive income decreased 16.9% year-over-year to ¥2,568 million.

Financial highlights

• Gross profit increased to ¥7,061 million from ¥6,454 million year-over-year.

• Selling, general and administrative expenses rose to ¥5,462 million from ¥4,972 million.

• Earnings per share for the quarter were ¥80.48, down from ¥92.52 a year earlier.

• Total assets as of June 30, 2024, were ¥76,158 million, down from ¥78,416 million at March 31, 2024.

• Equity ratio improved to 86.9% from 82.8% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast for FY2025 is ¥62,300 million, up 1.6% year-over-year.

• Operating profit is projected at ¥4,500 million, down 14.6% year-over-year.

• Profit attributable to owners of parent is forecast at ¥3,600 million, a 22.5% decrease year-over-year.

• Earnings per share for the full year are expected to be ¥219.98.

• No revisions to previously announced forecasts.