Fujimi (5384) Q1 2025 earnings summary

Executive summary

• Net sales rose 11.4% year-over-year to JPY 14,738 million for the three months ended June 30, 2024, amid ongoing global economic uncertainty and a rapidly depreciating yen.

• Operating profit increased 11.6% to JPY 2,625 million, and profit attributable to owners of parent grew 13.9% to JPY 2,078 million year-over-year.

• The global semiconductor market showed signs of recovery, with strong demand in advanced logic and memory devices.

Financial highlights

• Gross profit improved to JPY 6,185 million from JPY 5,644 million year-over-year.

• Ordinary profit rose 13.9% to JPY 2,968 million.

• Earnings per share were JPY 28.02, up from JPY 24.61, adjusted for a 3-for-1 stock split.

• Comprehensive income reached JPY 3,489 million, up from JPY 3,299 million.

Outlook and guidance

• Full-year net sales forecast is JPY 54,700 million, with operating profit projected at JPY 8,500 million and profit attributable to owners of parent at JPY 6,500 million.

• No changes were made to the previously announced financial forecast.