Meidensha (6508) Q1 2025 earnings summary

Executive summary

• Net sales rose 2.7% year-over-year to ¥54,975 million for the quarter ended June 30, 2024, with net income attributable to owners of the parent at ¥1,017 million, reversing a loss from the prior year.

• Operating income improved significantly but remained negative at ¥896 million loss, compared to a ¥3,374 million loss a year ago.

• Ordinary income turned positive at ¥213 million from a ¥2,648 million loss in the prior year.

Financial highlights

• Gross profit increased to ¥13,400 million from ¥9,946 million year-over-year.

• Net income per share was ¥22.44, compared to a loss of ¥46.34 per share in the prior year.

• Cash flows from operating activities improved to ¥23,116 million from ¥18,795 million year-over-year.

• Total assets decreased to ¥315,768 million from ¥334,787 million at the end of the previous fiscal year.

• Equity ratio improved to 39.9% from 37.8% at the previous fiscal year-end.

Outlook and guidance

• No revision to the full-year forecast; net sales expected at ¥310,000 million and net income at ¥10,500 million.

• Business performance is developing broadly as forecast, with sales and income typically concentrated at fiscal year-end.