Casio Computer Co (6952) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 net sales rose 4% year-on-year to ¥65.2 billion, with operating profit up 5% to ¥4.5 billion and net income surging 79% to ¥6.2 billion.

• Growth was driven by strong performance in the watch and consumer segments, especially in Europe and other regions, despite a significant sales decline in China.

• Strategic focus included premium and mid-priced watches, EdTech expansion, and ongoing structural reforms.

• Comprehensive income for the quarter was ¥9.0 billion, down 8.5% year-on-year.

Financial highlights

• Operating profit margin was 6.9% for the quarter; gross profit increased to ¥28.9 billion.

• EPS for the quarter was ¥26.74, up from ¥14.48 in the prior year.

• Ordinary income declined 9% year-on-year to ¥5.6 billion.

• Q1 average exchange rates: USD/JPY 155.9, EUR/JPY 167.9, CNY/JPY 21.5.

• Extraordinary income included a ¥2.9 billion gain on sale of investment securities.

Outlook and guidance

• Full-year FY2025 guidance maintained: net sales ¥275.0 billion, operating profit ¥15.0 billion, net income ¥10.0 billion, EPS ¥43.67.

• Operating margin expected at 5.8% for the year.

• Exchange rate assumptions: US$1 = ¥145, €1 = ¥160.

• No revision to dividend forecast; full-year dividend yet to be determined.