Ibiden (4062) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 were ¥88,220 million, down 6.7% year-over-year, but operating profit rose 38.1% to ¥11,295 million.

• Profit attributable to owners of parent increased 21.0% to ¥8,816 million compared to the same quarter last year.

• Comprehensive income fell 42.9% year-over-year to ¥15,463 million, mainly due to lower valuation gains on securities.

Financial highlights

• Gross profit improved to ¥25,614 million from ¥21,446 million year-over-year, despite lower sales.

• Operating profit margin increased, with operating profit at ¥11,295 million versus ¥8,181 million last year.

• Net cash provided by operating activities was ¥8,410 million, up from ¥5,208 million year-over-year.

• Net cash used in investing activities decreased to ¥26,682 million from ¥46,300 million year-over-year.

• Cash and cash equivalents at quarter-end were ¥425,295 million, up ¥163,035 million year-over-year.

Outlook and guidance

• FY2024 full-year net sales forecast is ¥390,000 million, up 5.3% year-over-year.

• Operating income is projected at ¥42,000 million, down 11.7% year-over-year.

• Profit attributable to owners of parent is forecast at ¥26,000 million, a 17.4% decrease year-over-year.

• Annual dividend forecast remains unchanged at ¥40 per share.