ERI Holdings (6083) Q1 2024 earnings summary

Executive summary

• Q1 FY5/2024 net sales rose 3.4% YoY to ¥4,200 million; operating profit fell 17.5% to ¥391 million, partly due to delayed construction-consulting earnings recognition.

• Full-year FY5/2024 forecasts were unchanged, including net sales of ¥18,500 million and parent-attributable profit of ¥1,540 million.

Financial highlights

• Net sales increased ¥137 million YoY to ¥4,200 million; gross profit was ¥1,420 million versus ¥1,467 million a year earlier.

• Operating profit fell ¥82 million to ¥391 million; ordinary profit declined ¥76 million to ¥406 million.

• Parent-attributable profit declined 12.8% to ¥241 million; EPS was ¥31.24 versus ¥35.30.

• Comprehensive income was ¥243 million, down 12.4% YoY.

Outlook and guidance

• FY5/2024 forecasts: net sales ¥18,500 million (+6.3%), operating profit ¥2,400 million (+3.2%), ordinary profit ¥2,400 million (+2.6%), and parent-attributable profit ¥1,540 million (+0.4%).

• Full-year EPS forecast was ¥199.64; performance estimates were unchanged, as was the ¥60 annual dividend forecast, comprising ¥30 interim and ¥30 year-end.