Asahi Yukizai (4216) Q2 2025 earnings summary

Executive summary

• Net sales for 1H FY2024 were ¥41,730 million, down 4.8% year-over-year, with operating profit at ¥5,887 million, both nearly matching forecasts.

• Profit attributable to owners of parent declined 30.3% year-over-year to ¥3,815 million.

• Decrease attributed to a reaction to last year's special semiconductor demand and postponement of related investments, especially in the U.S.

• Comprehensive income for the period was ¥6,479 million, down 6.8% from the prior year.

• Full-year forecast and dividend outlook remain unchanged: net sales of ¥87,000 million, operating profit of ¥12,000 million, interim and year-end dividends of ¥55 each.

Financial highlights

• Gross profit for the six months was ¥16,625 million, compared to ¥18,188 million a year earlier.

• Ordinary profit dropped 32.2% to ¥5,806 million; profit attributable to owners of parent declined 30.3% to ¥3,815 million.

• Basic EPS was ¥200.69, down from ¥285.55 year-over-year.

• Cash and cash equivalents at period end rose to ¥19,800 million from ¥14,800 million a year earlier.

• Total assets as of September 30, 2024, were ¥102,211 million, up from ¥101,371 million at March 31, 2024.

Outlook and guidance

• Full-year forecast maintained: net sales of ¥87,000 million, operating profit of ¥12,000 million, ordinary profit of ¥12,100 million, and profit attributable to owners of parent at ¥8,500 million.

• Interim and year-end dividends forecast at ¥55 per share each, totaling ¥110 for the year.

• Exchange rate sensitivity: 1 yen depreciation against USD increases operating profit by ¥55 million.

• Operating profit is projected to decrease 25.3% year-over-year.

• Profit attributable to owners of parent is expected to be down 23.0% year-over-year.