HIMACS (4299) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, were ¥4,327 million, nearly flat year-over-year (down 0.2%).

• Operating profit rose 5.7% year-over-year to ¥301 million, while ordinary profit increased 5.6% to ¥303 million.

• Profit attributable to owners of parent grew 5.7% year-over-year to ¥207 million.

• Earnings per share increased to ¥17.90 from ¥16.84 in the prior year period.

Financial highlights

• Gross profit improved to ¥915 million from ¥887 million year-over-year.

• Selling, general and administrative expenses rose to ¥614 million from ¥602 million.

• Total assets decreased to ¥13,299 million as of June 30, 2024, from ¥13,590 million at March 31, 2024.

• Net assets declined slightly to ¥10,883 million from ¥10,935 million at the previous fiscal year-end.

• Net cash used in operating activities was ¥84 million, compared to ¥15 million in the prior year period.

Outlook and guidance

• Full-year net sales forecast is ¥18,600 million, up 7.2% year-over-year.

• Full-year operating profit is projected at ¥1,780 million, up 3.4% year-over-year.

• Full-year profit attributable to owners of parent is forecast at ¥1,220 million, up 3.1% year-over-year.

• Full-year earnings per share forecast is ¥105.32.

• Dividend forecast for the year ending March 31, 2025, is ¥44.00 per share.