Chudenko (1941) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 21.2% year-over-year to ¥45,650 million.

• Operating profit increased to ¥2,854 million, up from a loss of ¥591 million in the prior year.

• Profit attributable to owners of parent was ¥2,203 million, reversing a loss of ¥572 million year-over-year.

Financial highlights

• Comprehensive income for the quarter was ¥2,668 million, up 52.0% year-over-year.

• Basic earnings per share for the quarter was ¥40.65, compared to a loss of ¥10.44 per share last year.

• Total assets as of June 30, 2024, were ¥273,238 million, with net assets at ¥213,742 million.

• Capital adequacy ratio improved to 77.2% from 75.2% as of March 31, 2024.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2025, is ¥210,000 million, up 4.5% year-over-year.

• Operating profit is projected at ¥12,500 million, ordinary profit at ¥14,300 million, and profit attributable to owners of parent at ¥8,800 million, up 10.9% year-over-year.

• Full-year basic earnings per share forecast is ¥162.32.

• Annual dividend forecast is ¥120.00 per share, up from ¥104.00 in the previous year.