Integrated Design & Engineering (9161) Q4 2024 earnings summary

Executive summary

• Orders received, revenue, and all line-item profits reached record highs for FYE June 2024, with strong performance across Consulting, Urban & Spatial Development, and Energy segments.

• Core operating profit, excluding extraordinary factors, achieved targets, reflecting robust core business performance.

• Integrated Design & Engineering Holdings was established as the parent company in July 2023, with comparative figures adjusted accordingly.

Financial highlights

• Orders received rose to ¥161.4B (up 15.9% year-over-year), revenue to ¥159.0B (up 12.3%), and gross profit to ¥50.4B (up 19.1%).

• Operating profit surged 132.3% year-over-year to ¥14.1B; profit attributable to owners of parent increased 212.8% to ¥9.7B.

• Core operating profit (excluding non-recurring items) was ¥12.0B, up 53.6% year-over-year.

Outlook and guidance

• FYE June 2025 targets record-high orders of ¥168.0B and revenue of ¥165.0B, with core operating profit of ¥12.2B.

• Operating profit is expected to decrease to ¥12.2B due to absence of extraordinary gains; profit attributable to owners of parent forecast at ¥7.3B.

• ROE projected to decline to 8.0% from 11.3% in the prior year.