Chofu Seisakusho (5946) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥10,974 million, up 3.4% year-over-year, driven by strong sales in water heaters and air conditioning equipment.

• Operating profit declined 41.6% year-over-year to ¥247 million due to persistent high raw material costs despite cost reduction efforts.

• Net income attributable to shareholders was ¥558 million, down 10.9% year-over-year.

• Comprehensive income dropped sharply to ¥48 million, a 97.3% decrease year-over-year, mainly due to a decline in valuation of available-for-sale securities.

Financial highlights

• Gross profit for Q1 FY2025 was ¥2,360 million, down from ¥2,509 million in the prior year.

• Ordinary profit was ¥852 million, a 3.9% decrease year-over-year.

• EPS for Q1 was ¥16.43, compared to ¥18.48 in the same quarter last year.

• Dividend forecast remains unchanged at ¥46.00 per share for the full year.

Outlook and guidance

• Full-year revenue is forecast at ¥47,000 million, up 1.9% year-over-year.

• Full-year operating profit is projected at ¥2,500 million, up 43.2% year-over-year.

• Net income for the year is expected to reach ¥3,500 million, up 11.5% year-over-year.

• No changes have been made to the previously announced guidance.