Canare Electric (5819) Q1 2025 earnings summary

Executive summary

• Revenue increased 5.3% year-over-year to ¥3,339 million for Q1 FY2025, driven by strong domestic sales, particularly from the NHK Broadcasting Center project, despite weaker overseas performance due to economic slowdowns in Korea and Singapore.

• Operating profit rose 28.8% year-over-year to ¥508 million, and net income attributable to shareholders grew 12.9% to ¥387 million.

Financial highlights

• Q1 revenue: ¥3,339 million (+5.3% YoY); operating profit: ¥508 million (+28.8% YoY); ordinary profit: ¥514 million (+20.9% YoY); net income: ¥387 million (+12.9% YoY).

• EPS for Q1: ¥56.78, up from ¥50.41 YoY.

• Comprehensive income for Q1: ¥167 million, down from ¥578 million YoY.

Outlook and guidance

• No changes to previously announced forecasts: FY2025 revenue expected at ¥12,920 million (+4.3% YoY), operating profit ¥1,430 million (+3.0%), net income ¥1,050 million (+1.1%).

• Interim and year-end dividends forecast unchanged at ¥28 and ¥29 per share, respectively.