Airman (6364) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 net sales rose 12.2% YoY to ¥13,249 million; operating profit increased 11.0% to ¥1,760 million, and profit attributable to owners of parent grew 3.5% to ¥1,557 million.

• Comprehensive income increased 20.0% YoY to ¥1,968 million, reflecting securities valuation gains and foreign currency translation.

Financial highlights

• Domestic sales were ¥7,346 million and overseas sales ¥5,903 million, up from ¥6,583 million and ¥5,220 million, respectively.

• Gross profit rose to ¥3,613 million from ¥3,229 million, with gross margin improving; basic EPS increased to ¥56.07 from ¥53.39.

• Total assets were ¥58,164 million as of June 30, 2024, up ¥1,817 million from March 31; net assets were ¥38,500 million.

Outlook and guidance

• FY2025 forecast: net sales ¥56,000 million (+7.9%), operating profit ¥7,130 million (+15.2%), ordinary income ¥7,400 million (+1.0%) and net income ¥5,100 million (flat).

• Forecast EPS is ¥183.67, up 0.8%; ordinary-income margin is projected at 13.2% versus 14.1% in FY2024. No revisions to earnings or dividend forecasts; interim dividend ¥20.00 and year-end ¥37.00 per share.

• Planning assumes ¥140/$ and ¥153/€; ordinary-income sensitivity is ¥141 million per ¥1 move in the dollar and ¥9.3 million per ¥1 move in the euro.