Chori (8014) Q2 2025 earnings summary

Executive summary

• Achieved record highs in ordinary profit (¥8.6B), profit before income taxes (¥9.3B), and net profit attributable to owners of parent (¥7.0B) for Q2 FY03/2025, with all segments posting increased profit year-over-year.

• Net sales rose to ¥154.5B (+1.0% YoY), with steady progress in line with the business results forecast and the medium-term management plan.

• Operating profit declined 5.3% YoY to ¥7.4B due to higher SG&A expenses.

• Business transformation project (SAP implementation) is progressing as planned, with personnel training underway for full-scale operation from FY2025.

• Selected for the first time as a component of the JPX-Nikkei Mid and Small Cap Index.

Financial highlights

• Net sales: ¥154.5B (+1.0% YoY); Gross profit: ¥20.4B (+5.5% YoY).

• Ordinary profit: ¥8.6B (+12.3% YoY); Profit before income taxes: ¥9.3B (+19.9% YoY); Net profit: ¥7.0B (+40.2% YoY).

• Comprehensive income for the period was ¥8.2B, up 7.9% YoY.

• Basic earnings per share rose to ¥285.61 from ¥204.04 a year earlier.

• Equity ratio improved to 61.5% from 57.2% at the previous fiscal year-end.

Outlook and guidance

• FY03/2025 forecast: Net sales ¥320.0B, operating profit ¥15.0B, ordinary profit ¥15.0B, profit before income taxes ¥15.0B, net profit ¥10.0B, basic EPS ¥405.82.

• Expectation of record-high profit before income taxes and net profit for the full year.

• No changes to previously announced forecasts; actual results may vary due to external factors.