Asia Air Survey (9233) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥8,502 million, a 0.5% decrease year-over-year.

• Operating loss was ¥222 million, compared to a profit of ¥557 million in the prior year.

• Net loss attributable to shareholders was ¥324 million, versus a profit of ¥263 million last year.

• Orders received increased 20.8% year-over-year to ¥6,755 million.

• The company is advancing its mid-term plan, focusing on spatial information technology and new business development.

Financial highlights

• Gross profit margin declined as operating profit turned negative.

• Comprehensive loss for the quarter was ¥108 million, compared to a profit of ¥195 million last year.

• EPS for the quarter was -¥17.83, down from ¥14.53 year-over-year.

• Total assets increased to ¥37,819 million from ¥36,414 million at the previous fiscal year-end.

• Net assets decreased to ¥20,421 million from ¥21,207 million.

Outlook and guidance

• Full-year revenue forecast is ¥41,100 million, up 2.1% year-over-year.

• Operating profit forecast is ¥2,900 million, up 1.8% year-over-year.

• Net profit forecast is ¥1,980 million, up 4.1% year-over-year.

• No changes have been made to the previously announced guidance.