Matsumoto Yushi-Seiyaku (4365) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥11,665 million, up 10.9% year-over-year, driven by yen depreciation and strong overseas sales.

• Operating income rose 32.7% to ¥2,890 million, and net income attributable to shareholders increased 21.6% to ¥2,701 million year-over-year.

• The company maintained a focus on high-quality, competitively priced products and expanded new customers and applications.

Financial highlights

• Gross profit increased from ¥3,205 million to ¥4,054 million year-over-year.

• Operating income grew from ¥2,178 million to ¥2,890 million, and ordinary income from ¥3,155 million to ¥3,800 million year-over-year.

• Net income attributable to shareholders was ¥2,701 million, up from ¥2,222 million year-over-year.

• EPS for Q1 FY2025 was ¥931.17, compared to ¥765.87 in the prior year.

• Comprehensive income for the quarter was ¥3,208 million, up from ¥2,959 million year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥41,300 million (down 0.5% year-over-year), with operating income of ¥8,500 million (up 3.0%) and net income of ¥5,500 million (up 26.7%).

• Full-year EPS is projected at ¥1,895.62.

• Dividend forecast remains at ¥400 per share for the year.