Lifedrink Company (2585) Q2 2025 earnings summary

Executive summary

• Production volume rose 13% year-over-year, driven by improved factory operations, expanded capacity at Nitto Beverage, and the new Gotemba factory reaching full production.

• Revenue for the six months ended September 30, 2024, rose 17.7% year-over-year to ¥24,087 million, with operating profit up 5.2% to ¥3,061 million and profit attributable to owners of parent up 5.6% to ¥2,083 million.

• Comprehensive income increased to ¥2,303 million from ¥1,917 million year-over-year.

• M&A integration and new business acquisitions are progressing as planned, including a water production business acquisition agreement signed in November 2024.

Financial highlights

• Q2 FY2025 revenue: ¥24.1 billion (+17% YoY); operating profit: ¥3.1 billion (+5% YoY); EBITDA: ¥3.9 billion (+13% YoY).

• Net profit: ¥2.1 billion (+5% YoY); EPS: ¥39.89 (adjusted for stock split).

• Gross profit for the six months was ¥10,483 million, up from ¥8,645 million year-over-year.

• Cash and cash equivalents at period end were ¥3,429 million.

• Production volume: 37 million cases (+13% YoY).

Outlook and guidance

• Full-year revenue forecast is ¥44,000 million (+15.1% YoY), operating profit ¥5,750 million (+22.0%), ordinary profit ¥5,650 million (+22.6%), and profit attributable to owners of parent ¥3,850 million (+22.0%).

• Full-year EPS forecast is ¥73.67 (adjusted for stock split); EBITDA forecast is ¥7,500 million (+28.4%).

• Progress toward full-year targets is strong: 55% of revenue and 53% of operating profit achieved by Q2.

• Expansion of production capacity and further M&A activity expected to support continued growth.