Daiichi Jitsugyo Co (8059) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 26.1% year-over-year to ¥43,372 million.

• Operating income surged 203.8% year-over-year to ¥2,098 million, with ordinary income up 160.0% to ¥1,835 million.

• Profit attributable to owners of parent increased 144.9% year-over-year to ¥1,084 million.

Financial highlights

• Gross profit for the quarter was ¥7,920 million, up from ¥5,913 million a year earlier.

• Basic earnings per share for the quarter were ¥34.21, compared to ¥13.98 in the prior year, adjusted for a 3-for-1 stock split.

• Comprehensive income for the quarter was ¥2,128 million, down 11.1% year-over-year.

• Total assets as of June 30, 2024, were ¥192,971 million, with net assets at ¥74,142 million.

Outlook and guidance

• Full-year net sales forecast for the fiscal year ending March 31, 2025, is ¥200,000 million, up 14.4% year-over-year.

• Operating income is projected at ¥10,000 million (up 10.0%), ordinary income at ¥10,300 million (up 6.5%), and profit attributable to owners of parent at ¥7,300 million (down 2.2%).

• Basic earnings per share for the full year are forecast at ¥230.16.