EXEO Group (1951) Q1 2025 earnings summary

Executive summary

• Net sales for the first quarter of FY2024 increased by 0.8% year-over-year to ¥125,415 million, with operating profit rising 17.8% to ¥2,938 million and profit attributable to owners of parent up 15.1% to ¥3,009 million.

• Ordinary profit grew 14.3% year-over-year to ¥5,384 million.

• Orders received slightly decreased by 1% year-over-year to ¥168.9 billion.

• Earnings per share for the quarter were ¥14.37, reflecting a 2-for-1 stock split.

Financial highlights

• Gross profit increased to ¥16,548 million, with gross profit margin at 13.2% in Q1 FY2024.

• Operating profit margin improved to 2.3% in Q1 FY2024 from 2.0% in Q1 FY2023.

• SG&A expenses decreased by 1% year-over-year to ¥13,610 million.

• Comprehensive income for the quarter was ¥1,615 million, down from ¥3,522 million year-over-year.

• Equity ratio improved to 57.5% from 52.9% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales are projected to increase by 2.6% to ¥630,000 million, with operating profit expected to rise 5.5% to ¥36,000 million.

• Profit attributable to owners of parent is forecasted at ¥22,310 million, a 1.6% year-over-year decrease.

• Full-year earnings per share forecasted at ¥107.22.

• Annual dividend forecasted at ¥62.00 per share post stock split.