Integrated Design & Engineering (9161) Q1 2025 earnings summary

Executive summary

• Revenue increased 7.2% year-over-year to ¥33,560 million, with strong Energy Business performance and growth across all core businesses.

• Core operating profit improved to ¥375 million from a ¥597 million loss, while operating loss narrowed 76.1% to ¥134 million.

• Orders declined 9.3% year-over-year to ¥34,620 million, mainly due to the absence of large-scale projects in Urban & Spatial Development.

• Net loss attributable to owners increased to ¥2,262 million, impacted by significant foreign exchange losses and securities valuation losses.

Financial highlights

• Revenue: ¥33,560 million (+7.2% YoY); Orders: ¥34,620 million (−9.3% YoY); Gross profit: ¥9,791 million (+15.5% YoY).

• Core operating profit: ¥375 million, up from a ¥597 million loss; operating loss narrowed to ¥134 million.

• Net loss attributable to owners: ¥2,262 million, compared to ¥335 million loss prior year.

• Basic loss per share worsened to ¥149.97 from ¥22.24 year-over-year.

• Cash and cash equivalents declined by ¥7,461 million; total assets decreased to ¥199,623 million.

Outlook and guidance

• Targeting record-high orders, revenue, and core operating profit for FYE June 2025.

• Full-year revenue forecast: ¥165,000 million (+3.8% YoY); core operating profit: ¥12,200 million (+1.4% YoY); profit attributable to owners: ¥7,300 million (−24.6% YoY).

• No change to previously announced forecasts; Q1 results are within expectations.

• Upfront investments planned in digital transformation and human resources.