Computer Engineering & Consulting (9692) Q1 2025 earnings summary

Executive summary

• Net sales rose 6.3% year-over-year to ¥14,049 million for the first quarter ended April 30, 2024, driven by robust ICT investment and growth in both core and focus business areas.

• Operating income increased 4.2% year-over-year to ¥1,919 million, while net income attributable to owners of parent grew 2.0% to ¥1,311 million.

• Comprehensive income surged 22.9% year-over-year to ¥1,601 million, reflecting gains in valuation of available-for-sale securities and defined benefit plan remeasurements.

Financial highlights

• Gross profit for the quarter was ¥4,361 million, with a gross margin of 31.1%.

• Total assets increased to ¥52,609 million, up ¥1,217 million from the previous fiscal year-end, mainly due to higher cash and deposits.

• Net assets rose to ¥41,389 million, with an equity ratio of 78.6%.

• Quarterly EPS was ¥39.02, up from ¥38.33 a year earlier.

Outlook and guidance

• Full-year net sales forecast at ¥56,500 million, up 6.4% year-over-year; operating income projected at ¥6,280 million (+1.3%), and net income at ¥4,300 million (+5.3%).

• No changes to previously announced forecasts; management will update guidance if necessary.