Hi-Lex (7279) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended January 31, 2025, were ¥77,503 million, down 1.1% year-over-year.

• Operating profit rose sharply to ¥1,355 million, a 550% increase compared to the same quarter last year.

• Profit attributable to owners of parent increased to ¥751 million, up 52.1% year-over-year.

• Comprehensive income surged to ¥9,857 million from ¥804 million year-over-year.

Financial highlights

• Gross profit increased to ¥9,021 million from ¥7,622 million year-over-year.

• Ordinary profit rose to ¥1,765 million, up 48.6% year-over-year.

• Basic earnings per share improved to ¥20.04 from ¥13.18 year-over-year.

• Total assets increased to ¥278,294 million as of January 31, 2025, from ¥270,260 million at the previous fiscal year-end.

• Net assets rose to ¥193,679 million, with an equity-to-asset ratio of 63.6%.

Outlook and guidance

• Full-year net sales forecast at ¥298,800 million, down 3.1% year-over-year.

• Full-year operating profit projected at ¥2,400 million, up 557.3% year-over-year.

• Profit attributable to owners of parent expected to reach ¥2,000 million, a 1.3% increase year-over-year.

• Annual dividend forecast raised to ¥46.00 per share from ¥40.00 in the previous year.