Gun Ei Chemical Industry (4229) Q1 2025 earnings summary

Executive summary

• Net sales for the quarter ended June 30, 2024, were ¥7,634 million, down 4.0% year-over-year.

• Operating profit decreased 17.4% year-over-year to ¥692 million.

• Profit attributable to owners of parent declined 14.4% year-over-year to ¥530 million.

• Comprehensive income dropped 36.5% year-over-year to ¥911 million.

Financial highlights

• Gross profit for the quarter was ¥1,709 million, down from ¥1,852 million year-over-year.

• Ordinary income fell 13.3% year-over-year to ¥810 million.

• Basic earnings per share for the quarter were ¥79.95, compared to ¥93.38 a year earlier.

• Equity-to-asset ratio improved to 80.6% as of June 30, 2024, from 79.5% at March 31, 2024.

Outlook and guidance

• Full-year net sales forecast for FY2025 is ¥31,000 million, up 2.3% year-over-year.

• Full-year operating profit is projected at ¥2,100 million, down 23.1% year-over-year.

• Profit attributable to owners of parent is forecast at ¥1,600 million, down 21.6% year-over-year.

• Annual dividend forecast is ¥100 per share, unchanged from the previous year.