Airman (6364) Q2 2025 earnings summary

Executive summary

• Net sales rose 6.6% year-over-year to ¥27,499 million for the six months ended September 30, 2024, with domestic sales up 14.3% and international sales down 2.1%.

• Operating profit increased 8.8% year-over-year to ¥3,913 million, while ordinary profit declined 18.0% to ¥3,449 million.

• Profit attributable to owners of parent fell 18.2% year-over-year to ¥2,394 million.

• Comprehensive income decreased 14.2% year-over-year to ¥2,983 million.

Financial highlights

• Gross profit for the period was ¥8,727 million, with a gross margin of 31.7%.

• Basic earnings per share declined to ¥86.17 from ¥104.07 year-over-year.

• Cash and cash equivalents at period-end increased by ¥7,323 million to ¥18,647 million.

• Equity-to-asset ratio decreased to 61.5% from 66.4% at the previous fiscal year-end.

Outlook and guidance

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

• Ordinary profit is forecast at ¥7,400 million (up 1.0%), and profit attributable to owners of parent at ¥5,100 million (flat year-over-year).

• Annual dividend forecast remains unchanged at ¥57 per share.