HIMACS (4299) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 revenue was ¥4,327 million, down 0.2% YoY; gross profit rose 3.1% to ¥915 million, supported by higher productivity and improved pricing.

• Operating income rose 5.7% to ¥301 million, ordinary income increased 5.6% to ¥303 million, and net income grew 5.7% to ¥207 million.

• Orders grew 1.2% YoY and backlog increased 15.3% to ¥3,167 million, with growth in both service areas.

• EPS increased to ¥17.90 from ¥16.84 in the prior-year quarter.

Financial highlights

• Cost of sales fell 1.0% to ¥3,413 million.

• SG&A increased 1.9% to ¥614 million, from ¥602 million.

• Total assets were ¥13,299 million at June 30, 2024, down from ¥13,590 million at March 31; net assets declined to ¥10,883 million from ¥10,935 million.

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

Outlook and guidance

• FY2025 revenue forecast is ¥18,600 million, up 7.2% YoY.

• FY2025 operating income is forecast at ¥1,780 million; ordinary income at ¥1,790 million.

• FY2025 net income is forecast at ¥1,220 million, up 3.1%; EPS is projected at ¥105.32.

• FY2025 annual dividend is forecast at ¥44 per share.