FJ Next Holdings Co (8935) Q1 2025 earnings summary

Executive summary

• Net sales rose 14.2% year-over-year to ¥23,890 million for the first quarter ended June 30, 2024, driven by strong performance in pre-owned condominiums and stable investment demand.

• Operating income decreased 0.7% year-over-year to ¥1,278 million, while ordinary income fell 1.2% to ¥1,271 million.

• Net income attributable to shareholders increased 3.6% year-over-year to ¥845 million.

Financial highlights

• Gross profit was ¥3,841 million, slightly down from ¥3,896 million year-over-year.

• Net income per share was ¥25.84, up from ¥24.96 in the prior year.

• Comprehensive income for the quarter was ¥813 million, down 2.7% year-over-year.

• Total assets at quarter-end were ¥91,371 million, down ¥3,909 million from March 31, 2024.

• Equity ratio improved to 74.4% from 71.4% at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥103,000 million (+2.6% year-over-year), operating and ordinary income of ¥7,500 million (both -20.5% year-over-year), and net income of ¥5,000 million (-22.5% year-over-year).

• Net income per share for the year is projected at ¥152.84.