Hosiden (6804) Q1 2025 earnings summary

Executive summary

• Net sales rose 2.8% year-over-year to ¥57,876 million for the quarter ended June 30, 2024, driven by growth in mobile communications and automotive-related businesses, despite a decline in amusement-related sales.

• Operating profit surged 69.1% year-over-year to ¥4,391 million, supported by improved profitability in mobile communications, favorable product mix, and yen depreciation.

• Ordinary profit was ¥5,389 million, nearly flat year-over-year, as foreign exchange gains were lower than the prior year.

• Profit attributable to owners of parent increased 0.3% year-over-year to ¥3,669 million.

Financial highlights

• Gross profit increased to ¥6,732 million from ¥5,010 million year-over-year.

• Basic earnings per share was ¥70.99, up from ¥69.79 in the prior year.

• Comprehensive income rose 8.4% year-over-year to ¥5,619 million.

• Equity-to-asset ratio stood at 72.9% as of June 30, 2024.

Outlook and guidance

• Full-year net sales forecast is ¥227,000 million (up 3.7% year-over-year), with operating profit and ordinary profit both projected at ¥9,200 million (down 28.8% and 49.3% year-over-year, respectively).

• Profit attributable to owners of parent for the full year is forecast at ¥6,400 million (down 45.0% year-over-year).

• Assumed foreign exchange rates: 145 yen/USD for H1, 151 yen/USD from Q3 onward.