Inabata (8098) Q2 2025 earnings summary

Executive summary

• Net sales, operating profit, and ordinary profit reached record highs in 1H FY03/25, driven by a weak yen and strong performance in Japan and Southeast Asia.

• Operating profit margin improved, supporting profit growth.

• Profit attributable to owners of parent declined year-over-year due to the absence of prior year's gain on negative goodwill or bargain purchase.

• Comprehensive income dropped to ¥7,894 million from ¥20,959 million a year earlier.

Financial highlights

• Net sales: ¥421.6 billion, up 12.4% year-over-year.

• Operating profit: ¥13.8 billion, up 32.5% year-over-year; ordinary profit: ¥13.9 billion, up 31.2% year-over-year.

• Profit attributable to owners of parent: ¥11.5 billion, down 7.7% year-over-year.

• Gross profit increased to ¥40,045 million from ¥34,240 million year-over-year.

• EPS was ¥212.04, down from ¥227.17 in the prior year period.

Outlook and guidance

• Full-year forecasts for FY03/25 raised: net sales ¥830.0 billion, operating profit ¥24.0 billion, ordinary profit ¥24.0 billion, profit attributable to owners of parent ¥20.0 billion.

• EPS for the full year projected at ¥366.94.

• Achievement rates at 1H: net sales 50.8%, operating profit 57.8%, ordinary profit 58.2%, profit attributable to owners of parent 57.9%.

• No change to initial segment sales forecasts; operating profit forecasts revised upward for all segments.

• Dividend forecast raised to ¥125 per share for FY2025.