Axial Retailing (8255) Q1 2025 earnings summary

Executive summary

• Net sales for 1Q FY2025 rose 4.3% year-over-year to ¥66,522 million, with operating profit down 6.0% to ¥2,655 million and profit attributable to owners of parent down 3.9% to ¥1,873 million.

• Comprehensive income for the quarter was ¥1,915 million, a 3.9% decrease year-over-year.

Financial highlights

• Gross profit increased to ¥19,319 million from ¥18,760 million year-over-year.

• Operating profit declined to ¥2,655 million from ¥2,823 million, and ordinary profit fell to ¥2,767 million from ¥2,888 million.

• Basic earnings per share for 1Q FY2025 was ¥20.69, adjusted for a four-for-one stock split.

• Total assets at June 30, 2024, were ¥131,960 million, with net assets of ¥83,969 million.

Outlook and guidance

• Full-year FY2025 net sales forecast at ¥280,000 million, up 3.6% year-over-year.

• Operating profit projected at ¥12,100 million (down 4.9% year-over-year), and profit attributable to owners of parent at ¥7,500 million (up 0.8%).

• Basic earnings per share forecast at ¥82.84 for FY2025, reflecting the stock split.