Hazama Ando (1719) Q1 2025 earnings summary

Executive summary

• Net sales rose 2.3% year-over-year to ¥83,706 million for the quarter ended June 30, 2024, with operating profit up 8.6% to ¥2,954 million and profit attributable to owners of parent increasing 15.3% to ¥2,250 million.

• Orders received grew 19.7% year-over-year, driven by a 56.3% increase in civil engineering and a 4.7% rise in building construction.

• Backlog increased 1.0% year-over-year to ¥519,330 million, reflecting robust demand in both civil engineering and building construction.

Financial highlights

• Gross profit improved slightly to ¥8,536 million, with gross margin stable at 10.2%.

• Operating profit margin increased to 3.5% from 3.3% year-over-year.

• Ordinary profit rose 10.8% year-over-year to ¥3,405 million.

• Basic earnings per share increased to ¥14.37 from ¥12.48 year-over-year.

• Comprehensive income grew 10.8% year-over-year to ¥4,097 million.

Outlook and guidance

• Full-year net sales forecast is ¥406,200 million, up 3.1% year-over-year, with operating profit projected at ¥22,900 million (+23.2%) and profit attributable to owners of parent at ¥15,200 million (+9.5%).

• Interim and year-end dividends are forecast at ¥30 per share each, unchanged from the previous year.