Business Brain Showa-Ota (9658) Q1 2025 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2024, was ¥8,737 million, up 2.4% year-over-year, with orders received rising 14.5% and order backlog up 3.3% year-over-year.

• Operating profit dropped 98.2% year-over-year to ¥328 million, mainly due to a one-time gain in the prior year from loss of control of subsidiaries.

• Profit attributable to owners of parent fell 98.4% year-over-year to ¥198 million.

Financial highlights

• Gross profit decreased 5.3% year-over-year due to higher personnel and other costs.

• Selling, general, and administrative expenses increased 6.6% year-over-year.

• Basic earnings per share for the quarter was ¥17.07, compared to ¥1,099.25 in the prior year.

• Total assets at June 30, 2024, were ¥43,313 million, down from ¥44,715 million at March 31, 2024.

• Total equity attributable to owners of parent was ¥28,827 million, with an equity ratio of 66.6%.

Outlook and guidance

• Full-year revenue forecast is ¥39,070 million, up 14.2% year-over-year.

• Full-year profit attributable to owners of parent is forecast at ¥2,340 million, down 83.5% year-over-year.

• Basic earnings per share for the full year is projected at ¥202.56.