Fuso Chemical (4368) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 27.8% year-over-year to ¥17,431 million.

• Operating profit increased 22.4% year-over-year to ¥3,910 million.

• Ordinary profit grew 15.1% year-over-year to ¥4,290 million.

• Profit attributable to owners of parent rose 17.5% year-over-year to ¥2,884 million.

• Comprehensive income increased 15.6% year-over-year to ¥3,775 million.

Financial highlights

• Gross profit for the quarter was ¥6,242 million, up from ¥5,559 million year-over-year.

• Operating profit before depreciation and amortization reached ¥5,729 million, up from ¥4,180 million year-over-year.

• Earnings per share for the quarter were ¥81.83, compared to ¥69.63 a year earlier.

• Total assets as of June 30, 2024, were ¥136,171 million, up from ¥133,740 million at the previous fiscal year-end.

• Net assets increased to ¥97,644 million, with an equity ratio of 71.7%.

Outlook and guidance

• Full-year net sales forecast for FY2025 is ¥68,000 million, up 15.3% year-over-year.

• Full-year operating profit is projected at ¥13,500 million, up 21.8% year-over-year.

• Profit attributable to owners of parent is forecast at ¥9,150 million, up 9.7% year-over-year.

• Full-year EPS is expected to reach ¥259.57.

• Dividend forecast remains unchanged at ¥66.00 per share for the year.