Airman (6364) Q1 2024 earnings summary

Executive summary

• Q1 FY2024 revenue was ¥11,804 million, up 12.4% YoY; operating profit increased 96.6% to ¥1,585 million.

• Overseas sales drove growth, adding ¥1,862 million, while domestic sales decreased ¥564 million.

Financial highlights

• Ordinary profit was ¥2,161 million, up 57.6% YoY; net income was ¥1,504 million, up 58.9%.

• Revenue increased from ¥10,506 million in Q1 FY2023 to ¥11,804 million in Q1 FY2024.

Outlook and guidance

• FY2024 revenue forecast ¥49,600 million, up 1.2% YoY; operating profit ¥6,550 million, up 35.3%.

• FY2024 ordinary profit forecast ¥6,700 million, up 24.5%; parent-attributable net income ¥4,535 million, up 20.9%.

• FY2024 EPS forecast ¥160.77, up 21.4%; forecast ROE 12.8% versus 11.5% in FY2023.