KATITAS (8919) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥31,195 million, down 1.3% year-over-year, with 1,786 properties sold, a 0.2% decrease.

• Operating profit rose 8.6% to ¥3,107 million, and ordinary profit increased 7.7% to ¥3,014 million year-over-year.

• Profit attributable to owners of parent declined 3.4% to ¥2,049 million year-over-year.

• Adjusted operating profit (excluding consumption tax dispute impact) was ¥3,597 million, up 5.7% year-over-year.

• Gross margin improved by 1.2 percentage points year-over-year due to measures targeting lower price ranges.

Financial highlights

• Net sales: ¥31,195 million (down 1.3% year-over-year).

• Operating profit: ¥3,107 million (up 8.6% year-over-year).

• Ordinary profit: ¥3,014 million (up 7.7% year-over-year).

• Profit attributable to owners of parent: ¥2,049 million (down 3.4% year-over-year).

• Adjusted profit attributable to owners of parent: ¥2,387 million (up 3.1% year-over-year).

Outlook and guidance

• Full-year FY2025 forecast: net sales ¥134,500 million (up 6.1%), operating profit ¥14,000 million (up 10.5%), profit attributable to owners of parent ¥9,400 million (up 10.6%).

• Interim dividend forecast: ¥28.00 per share; full-year dividend forecast: ¥56.00 per share.

• No changes to previously announced earnings forecasts.