Kuriyama (3355) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 3.1% year-over-year to ¥20.64 billion, with operating income up 6.1% and net income attributable to shareholders up 17.1%.

• Growth was driven by steady demand capture and profit retention, despite global economic uncertainties and currency volatility.

• The group completed the acquisition of Mitoyo Co., Ltd. in April 2025 to strengthen its industrial materials and sports/construction materials businesses.

Financial highlights

• Q1 FY2025 revenue: ¥20.64 billion (+3.1% YoY); operating income: ¥1.47 billion (+6.1% YoY); ordinary income: ¥1.63 billion (+6.9% YoY); net income: ¥1.16 billion (+17.1% YoY).

• Gross profit margin improved, with gross profit at ¥6.71 billion (up from ¥6.32 billion YoY).

• Total assets increased to ¥78.2 billion (+10.5% from previous year-end), mainly due to higher cash and property assets.

• Cash and equivalents at period-end: ¥15.41 billion, up ¥6.02 billion from previous year-end.

Outlook and guidance

• FY2025 full-year guidance remains unchanged from the February 14, 2025 forecast.