Iida Group Holdings (3291) Q2 2025 earnings summary

Executive summary

• Revenue for 1H FY2025 reached ¥687.1 billion, up 2.3% year-over-year, with operating profit at ¥37.9 billion, up 3.3% year-over-year.

• Net profit attributable to owners was ¥23.7 billion, a 4.2% decrease year-over-year.

• Comprehensive profit increased 13.4% year-over-year to ¥27.1 billion, driven by gains in financial assets measured at fair value.

• Gross profit margin improved slightly to 16.0%. Operating profit margin remained steady at 5.5%.

• SG&A costs increased by ¥2.68 billion year-over-year, mainly due to consolidation and higher personnel and depreciation expenses.

Financial highlights

• Gross profit: ¥109.6 billion (+2.9% YoY); Gross margin: 16.0% (+0.1pt YoY).

• Basic earnings per share decreased to ¥84.36 from ¥87.90 year-over-year.

• Total assets increased to ¥1,837.5 billion as of September 30, 2024.

• Equity attributable to owners of parent rose to ¥981.95 billion.

• Cash and cash equivalents at period end were ¥455.4 billion, up from ¥433.1 billion at the start of the period.

Outlook and guidance

• Full-year revenue forecast: ¥1,549 billion; Operating profit forecast: ¥75.2 billion.

• Net profit attributable to owners of parent is forecast at ¥44.0 billion; basic EPS expected at ¥156.93.

• Focus on acquiring land for future inventory and maintaining appropriate inventory levels.