BIPROGY (8056) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 7.5% year-over-year to ¥186,032 million, driven by strong demand for digital transformation (DX) investments and growth in outsourcing and product sales.

• Operating profit increased 7.9% year-over-year to ¥17,945 million, while adjusted operating profit grew 4.6% to ¥17,294 million.

• Profit attributable to owners of parent declined 8.2% year-over-year to ¥11,769 million, impacted by foreign fund valuation losses, exchange rates, and higher income taxes.

• Comprehensive income dropped to ¥10,844 million from ¥15,606 million in the prior year period.

• The company advanced its Management Policies (2024-2026), focusing on sustainable business portfolios and strengthening its management base.

Financial highlights

• Gross profit increased to ¥48,698 million from ¥46,197 million year-over-year.

• Total assets decreased to ¥291,443 million as of September 30, 2024, down ¥22,775 million from March 31, 2024, mainly due to lower cash and cash equivalents.

• Equity attributable to owners of parent was ¥159,981 million, with a ratio of owners' equity to gross assets at 54.9%.

• Cash and cash equivalents at period end were ¥41,291 million, down ¥17,971 million from the previous fiscal year end.

• Net cash provided by operating activities was ¥11,768 million, while net cash used in investing and financing activities were ¥7,076 million and ¥22,830 million, respectively.

Outlook and guidance

• Full-year FY2025 revenue is forecast at ¥385,000 million, up 4.0% year-over-year.

• Operating profit and profit before tax are both projected at ¥35,500 million, with profit attributable to owners of parent expected to decrease 3.0% year-over-year.

• Basic earnings per share for FY2025 is forecast at ¥243.72.

• No revisions have been made to the previously announced performance forecast.