CKD (6407) Q1 2025 earnings summary

Executive summary

• Net sales rose 15.3% YoY to ¥38,078 million; operating profit increased 52.0% to ¥4,365 million and profit attributable to owners of parent rose 63.6% to ¥3,062 million.

• Growth was driven by automotive battery and semiconductor demand, with gains in domestic and overseas markets.

Financial highlights

• Gross profit increased to ¥10,917 million from ¥9,186 million year-over-year.

• Ordinary profit rose 54.4% to ¥4,544 million; comprehensive income reached ¥4,424 million, up from ¥3,899 million.

• Basic earnings per share improved to ¥45.87 from ¥28.06 year-over-year.

• Total assets were ¥212,019 million and net assets were ¥131,785 million at quarter-end.

Outlook and guidance

• FY2024 forecasts remain unchanged: net sales ¥148,000 million, operating profit ¥17,500 million, ordinary income ¥17,500 million and net income ¥11,800 million.

• Forecast operating margin is 11.8%; forecast exchange rate is ¥145/US$.

• FY2024 dividend forecast is ¥71.00 per share.