Fukuyama Transporting (9075) Q1 2025 earnings summary

Executive summary

• Net sales increased by 2.9% year-over-year to ¥73,734 million for the three months ended June 30, 2024.

• Operating profit declined by 25.9% year-over-year to ¥3,175 million.

• Ordinary profit decreased by 13.7% year-over-year to ¥4,382 million.

• Profit attributable to owners of parent rose 6.8% year-over-year to ¥3,610 million.

• Earnings per share increased to ¥89.20 from ¥83.56 year-over-year.

Financial highlights

• Gross profit fell to ¥5,534 million from ¥6,302 million year-over-year.

• Selling, general and administrative expenses rose to ¥2,358 million from ¥2,014 million year-over-year.

• Extraordinary income surged to ¥1,434 million, mainly from gain on sale of investment securities.

• Total assets increased to ¥506,946 million as of June 30, 2024, up from ¥503,391 million at March 31, 2024.

• Net assets decreased to ¥293,994 million from ¥296,415 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecasted at ¥301,300 million, up 4.8% year-over-year.

• Full-year operating profit projected at ¥12,000 million, up 14.9% year-over-year.

• Profit attributable to owners of parent expected to reach ¥11,300 million, up 44.2% year-over-year.

• Full-year earnings per share forecasted at ¥279.11.

• Annual dividend forecast set at ¥70.00 per share.