Kanamoto (9678) Q1 2025 earnings summary

Executive summary

• Net sales for FY2024 reached ¥207,218 million, up 4.9% year-over-year, with operating profit at ¥14,569 million, up 21.8%.

• Profit attributable to owners of parent rose 34.1% to ¥9,013 million, and EPS increased to ¥253.72.

• Q1 FY2025 net sales rose 7.1% year-over-year to ¥53,673 million, with operating profit surging 67.2% to ¥4,993 million and profit attributable to owners of parent up 82.1% to ¥3,238 million.

• The new Medium-Term Management Plan (FY2025–FY2029) was launched, focusing on growth, DX strategies, and sustainability, including increased investment in human capital.

Financial highlights

• Ordinary profit for FY2024 was ¥15,218 million, up 21.9% year-over-year; Q1 FY2025 ordinary profit reached ¥5,212 million, up 62.9%.

• Cash and cash equivalents at FY2024 year-end were ¥50,586 million, an increase of ¥5,493 million from the previous year; cash and deposits increased by ¥6,588 million in Q1 FY2025.

• Total assets grew to ¥322,853 million at FY2024 year-end and to ¥324,901 million as of January 31, 2025; net assets reached ¥150,844 million.

• Operating profit margin improved to 7.0% in FY2024.

• Earnings per share for Q1 FY2025 were ¥91.77, compared to ¥49.47 in the prior year.

Outlook and guidance

• FY2025 guidance projects net sales of ¥211,100 million (+1.9%), operating profit of ¥15,100 million (+3.6%), and EPS of ¥266.49 (+5.0%).

• Profit attributable to owners of parent for FY2025 is forecast at ¥9,300 million (+3.2%).

• Medium-term plan targets net sales of ¥235,400 million and operating profit of ¥21,000 million by FY2029.

• Dividend for FY2025 is planned at 80 yen per share, maintaining a payout ratio over 50%.

• No changes to previously announced forecasts.