Mirai Industry (7931) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 20, 2024, were ¥11,142 million, up 0.7% year-over-year.

• Operating profit rose 16.5% year-over-year to ¥1,631 million.

• Profit attributable to owners of parent increased 8.2% year-over-year to ¥1,127 million.

• Earnings per share for the quarter were ¥69.92, compared to ¥60.55 in the prior year.

Financial highlights

• Gross profit improved to ¥4,478 million from ¥4,194 million year-over-year.

• Ordinary profit increased 17.1% year-over-year to ¥1,665 million.

• Total assets as of June 20, 2024, were ¥62,057 million, down from ¥63,534 million as of March 20, 2024.

• Net assets stood at ¥50,194 million, with an equity ratio of 79.8%.

Outlook and guidance

• Full-year net sales forecast is ¥45,163 million, up 2.4% year-over-year.

• Full-year operating profit projected at ¥6,102 million, up 16.8% year-over-year.

• Full-year profit attributable to owners of parent expected to be ¥4,205 million, down 17.8% year-over-year.

• Forecasted annual dividend per share is ¥130.00.