Chudenko (1941) Q2 2025 earnings summary

Executive summary

• Achieved record highs in net sales, operating profit, and ordinary profit for Q2 FY2024, driven by robust public and private capital investment and strategic initiatives under the Medium-Term Management Plan.

• Net sales for the six months ended September 30, 2024, rose 18.8% year-over-year to ¥98,239 million.

• Operating profit surged 452.5% year-over-year to ¥8,176 million.

• Ordinary profit increased 530.8% year-over-year to ¥9,153 million.

• Profit attributable to owners of parent jumped 936.9% year-over-year to ¥5,987 million.

Financial highlights

• Q2 FY2024 consolidated net sales rose to ¥98.2 billion, up ¥15.5 billion year-over-year (119%).

• Operating profit surged to ¥8.1 billion (8.3% margin), up ¥6.6 billion (552% YoY).

• Ordinary profit reached ¥9.1 billion (9.3% margin), up ¥7.7 billion (631% YoY).

• Interim profit attributable to owners of parent increased to ¥5.9 billion (6.1% margin), up ¥5.4 billion (1,037% YoY).

• Basic earnings per share for the period were ¥110.44, up from ¥10.54 a year earlier.

Outlook and guidance

• FY2024 consolidated net sales forecast at ¥223.0 billion, up ¥21.9 billion YoY.

• Operating profit expected to rise to ¥16.5 billion (7.4% margin), up ¥4.5 billion YoY.

• Ordinary profit forecast at ¥18.6 billion, up ¥5.8 billion YoY; profit attributable to owners of parent projected at ¥16.1 billion, up ¥8.1 billion YoY.

• Basic earnings per share for the full year are forecast at ¥296.88.

• Orders received expected to decrease to ¥174.0 billion, mainly due to lower Air-Conditioning Piping orders.