Airman (6364) Q1 2025 earnings summary

Executive summary

• Net sales rose 12.2% year-over-year to ¥13,249 million for the three months ended June 30, 2024, driven by strong domestic and international demand, especially in construction machinery.

• Operating profit increased 11.0% year-over-year to ¥1,760 million, and profit attributable to owners of parent grew 3.5% to ¥1,557 million.

• Comprehensive income rose 20.0% year-over-year to ¥1,968 million, reflecting gains in valuation of securities and foreign currency translation.

Financial highlights

• Gross profit increased to ¥3,613 million from ¥3,229 million year-over-year, with gross margin improving.

• Basic earnings per share rose to ¥56.07 from ¥53.39 year-over-year.

• Total assets increased to ¥58,164 million as of June 30, 2024, up ¥1,817 million from March 31, 2024.

• Net assets rose to ¥38,500 million, with an equity ratio of 65.9%.

Outlook and guidance

• Full-year net sales forecast at ¥56,000 million (up 7.9% year-over-year), with operating profit expected at ¥7,130 million (up 15.2%).

• No revisions to previously announced earnings or dividend forecasts; interim dividend forecast at ¥20.00 per share, year-end at ¥37.00.