Galilei (6420) Q2 2025 earnings summary

Executive summary

• Net sales rose 14.0% year-over-year to ¥61,011 million for the six months ended September 30, 2024.

• Operating profit increased 5.1% year-over-year to ¥6,975 million, while ordinary profit declined 5.1% to ¥7,098 million.

• Profit attributable to owners of parent decreased 2.6% year-over-year to ¥5,166 million.

• Comprehensive income dropped 13.1% year-over-year to ¥5,207 million.

Financial highlights

• Gross profit improved to ¥16,487 million from ¥14,951 million year-over-year.

• Basic earnings per share was ¥258.06, down from ¥264.38 year-over-year.

• Total assets increased to ¥134,051 million as of September 30, 2024, up from ¥130,532 million at March 31, 2024.

• Net assets rose to ¥96,610 million, with a capital adequacy ratio of 71.5%.

Outlook and guidance

• Full-year net sales forecasted at ¥119,383 million, up 3.1% year-over-year.

• Operating profit expected to decline 13.8% to ¥13,191 million; profit attributable to owners of parent forecasted to fall 20.5% to ¥9,784 million.

• Basic earnings per share forecasted at ¥244.39, or ¥488.78 without considering the upcoming stock split.

• Year-end dividend forecasted at ¥105.00 per share before the 2-for-1 stock split effective January 1, 2025.