Mitani Sekisan (5273) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥21,630 million, up 9.2% year-over-year, with operating profit rising 31.1% to ¥3,861 million and net profit attributable to shareholders up 21.7% to ¥3,071 million.

• Despite a 4.0% industry shipment decline in concrete piles, sales and profit growth were achieved through strengthened sales and improved construction efficiency.

Financial highlights

• Operating profit margin improved, with operating profit at ¥3,861 million (31.1% increase year-over-year).

• Ordinary profit reached ¥4,384 million, up 20.1% year-over-year.

• EPS for Q1 was ¥167.94, compared to ¥137.41 in the prior year.

• Comprehensive income dropped sharply to ¥309 million, down 88.9% year-over-year, mainly due to valuation losses on securities.

Outlook and guidance

• Full-year revenue forecast remains at ¥83,000 million, with operating profit expected at ¥10,400 million (up 14.1% year-over-year).

• Q2 cumulative guidance was revised upward: revenue to ¥40,000 million (+2.6%), operating profit to ¥5,700 million (+18.8%), and net profit to ¥4,400 million (+22.2%).