HIRAYAMA HOLDINGS (7781) Q1 2025 earnings summary

Executive summary

• Revenue for the first quarter was ¥8,844 million, up 3.6% year-over-year, with operating profit rising 38.3% to ¥301 million and net profit attributable to shareholders increasing 34.5% to ¥211 million.

• Growth was driven by strong domestic demand, especially in insourcing/dispatch and technical staffing, offsetting overseas weakness.

• The group benefited from increased orders from new and existing clients, cost improvements, and the absence of prior year one-time subsidiary integration costs.

Financial highlights

• Operating profit margin improved, with operating profit at ¥301 million (38.3% increase) and ordinary profit at ¥326 million (36.1% increase) year-over-year.

• EPS for the quarter was ¥27.92, up from ¥21.32 a year earlier.

• Comprehensive income rose to ¥215 million, a 37.3% increase year-over-year.

• Total assets at quarter-end were ¥11,977 million, down ¥316 million from the previous year-end.

• Equity ratio improved to 37.3% from 36.3% at the previous year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥38,000 million (7.7% growth), with operating profit of ¥1,347 million (20.4% growth) and net profit of ¥850 million (12.3% growth).

• No changes to previously announced guidance; management expects steady progress due to robust domestic demand and continued hiring.