Aiphone (6718) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 2.7% year-over-year to ¥30,977 million, while operating profit declined 29.9% to ¥2,117 million and ordinary profit fell 40.9% to ¥2,070 million.

• Profit attributable to owners of parent decreased 35.8% year-over-year to ¥1,694 million, with comprehensive income dropping 77.6% to ¥1,033 million.

Financial highlights

• Gross profit increased to ¥13,660 million from ¥13,246 million year-over-year, but selling, general and administrative expenses rose to ¥11,543 million from ¥10,226 million.

• Earnings per share for the period were ¥103.57, down from ¥161.42 in the prior year.

• Total assets decreased to ¥74,968 million as of September 30, 2024, from ¥78,416 million as of March 31, 2024.

• Net cash provided by operating activities was ¥2,820 million, down from ¥5,015 million year-over-year.

Outlook and guidance

• Full-year forecast for the year ending March 31, 2025, projects net sales of ¥62,300 million (up 1.6% year-over-year), operating profit of ¥4,500 million (down 14.6%), and profit attributable to owners of parent of ¥3,600 million (down 18.4%).

• Earnings per share for the full year are forecast at ¥219.98.

• No revisions to previously announced forecasts.