Hibiya Engineering (1982) Q1 2025 earnings summary

Executive summary

• Q1 FY3/25 net sales rose 8.5% YoY to ¥17,543 million; operating profit increased 139.6% to ¥973 million and parent-attributable profit rose 53.2% to ¥828 million.

• Orders declined 22.1% YoY to ¥16,596 million, mainly reflecting fewer new large-scale construction orders amid a strategic assessment of project timing and organization.

Financial highlights

• Gross profit rose 28.2% to ¥2,978 million, with gross profit ratio increasing to 17.0%; ordinary profit rose 54.4% to ¥1,229 million.

• EPS was ¥36.80 versus ¥23.64 a year earlier; diluted EPS was ¥36.65 versus ¥23.54.

• Comprehensive loss was ¥231 million, compared with income of ¥2,051 million, primarily reflecting a ¥1,097 million decline in valuation differences on available-for-sale securities.

• Total assets were ¥88,493 million, down ¥9,732 million from FY-end; net assets were ¥68,796 million, down ¥1,118 million.

Outlook and guidance

• FY3/25 forecasts remained unchanged: orders received ¥88.5bn, net sales ¥91.0bn, operating profit ¥5.9bn, ordinary profit ¥6.6bn and parent-attributable profit ¥4.6bn.

• Full-year forecast EPS is ¥204.46; forecast parent-attributable profit represents a 4.2% YoY decrease.

• Forecasts are based on available information and assumptions; actual results may differ materially.