Meiko Trans Co (9357) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, increased 1.7% year-over-year to ¥19,372 million.

• Operating profit rose 4.4% year-over-year to ¥1,376 million, while ordinary profit grew 8.9% to ¥2,022 million.

• Profit attributable to owners of parent declined 6.0% year-over-year to ¥1,215 million.

Financial highlights

• Gross profit for the quarter was ¥4,113 million, up from ¥3,875 million in the prior year.

• Basic earnings per share for the quarter was ¥40.72, down from ¥43.42 year-over-year.

• Comprehensive income for the quarter was ¥2,276 million, a 39.8% decrease year-over-year.

• Total assets as of June 30, 2024, were ¥151,430 million, with net assets at ¥123,466 million.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2025, is ¥77,000 million, up 0.9% year-over-year.

• Operating profit is projected at ¥4,900 million (down 6.9%), ordinary profit at ¥6,300 million (down 3.6%), and profit attributable to owners of parent at ¥4,450 million (down 2.0%).

• Full-year basic earnings per share forecast is ¥149.02.