ISB (9702) Q4 2024 earnings summary

Executive summary

• Net sales increased by 4.8% year-over-year to ¥33,954 million for the year ended December 31, 2024.

• Operating profit rose 2.4% year-over-year to ¥2,800 million, while ordinary profit grew 2.9% to ¥2,892 million.

• Profit attributable to owners of parent surged 38.0% year-over-year to ¥2,032 million.

• Comprehensive income reached ¥2,135 million, up from ¥1,559 million in the prior year.

Financial highlights

• Gross profit increased to ¥8,241 million from ¥7,798 million year-over-year.

• Net assets rose to ¥13,504 million, with an equity ratio of 68.2% as of December 31, 2024.

• Cash and cash equivalents at year-end were ¥8,975 million, up from ¥8,872 million.

• Annual dividend per share was ¥54, with a payout ratio of 39.3%.

Outlook and guidance

• For the year ending December 31, 2025, net sales are forecast to rise 6.3% to ¥36,100 million.

• Operating profit is projected to decrease 20.5% year-over-year to ¥2,200 million.

• Profit attributable to owners of parent is expected to decline 22.8% to ¥1,570 million.

• Earnings per share forecasted at ¥137.30 for FY2025.