Human Holdings Co (2415) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 FY2025 increased by 3.4% year-over-year to ¥24,646 million, with all profit lines showing growth.

• Operating income rose 15.2% year-over-year to ¥541 million, and ordinary income increased 18.0% to ¥568 million.

• Net income attributable to parent company shareholders increased 14.1% year-over-year to ¥258 million.

• Earnings per share for the quarter were ¥24.94, up from ¥20.86 in the same period last year.

Financial highlights

• Revenue: ¥24,646 million (+3.4% YoY); Operating income: ¥541 million (+15.2% YoY); Ordinary income: ¥568 million (+18.0% YoY); Net income: ¥258 million (+14.1% YoY).

• Gross profit for the quarter was ¥6,234 million, up from ¥5,986 million year-over-year.

• Human Resources segment revenue grew 5.2% YoY, Education segment was flat (-0.2% YoY), Care segment up 3.8% YoY, Other segment up 4.5% YoY.

• Operating margin improved to 2.2% from 2.0% YoY.

• Comprehensive income for the quarter was ¥262 million, compared to ¥230 million in the prior year.

Outlook and guidance

• Full-year net sales forecast for the year ending March 31, 2025, is ¥99,300 million, a 3.6% increase year-over-year.

• Operating profit is projected at ¥3,300 million (up 4.8%), ordinary profit at ¥3,350 million, and profit attributable to owners of parent at ¥2,200 million (up 2.0%).

• Dividend per share for FY2024 was increased to ¥62.50, up from ¥27.00, with a payout ratio policy raised to 30%.

• Annual dividend per share forecast is ¥64.00.

• Company expects to maintain listing standards with a free float ratio above 25%.