COMSYS (1721) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 12.9% year-over-year to ¥125,108 million, with operating profit up 52.7% to ¥7,101 million and net income attributable to shareholders up 41.6% to ¥4,578 million.

• Orders received increased 15.7% year-over-year, reflecting robust demand in IT solutions and social infrastructure, despite a challenging environment for mobile-related construction.

• The company continued to strengthen its business foundation, focusing on new customer acquisition, project management, and expanding data center and disaster prevention projects.

Financial highlights

• Operating profit margin improved significantly, with operating profit up 52.7% and recurring profit up 47.5% year-over-year.

• EPS for Q1 FY2025 was ¥38.36, up from ¥26.80 in the prior year.

• Comprehensive income decreased 19.7% year-over-year to ¥3,945 million, mainly due to a decline in other comprehensive income.

• Total assets at quarter-end were ¥490,417 million, down ¥24,229 million from the previous fiscal year-end.

• Net assets decreased by ¥3,212 million to ¥364,842 million, mainly due to dividend payments.

Outlook and guidance

• Full-year FY2025 guidance remains unchanged: revenue ¥600,000 million (+5.0% YoY), operating profit ¥40,000 million (+2.0%), net income attributable to shareholders ¥27,000 million (−1.7%).

• Annual dividend forecast is ¥110 per share, unchanged from previous guidance.