Miura (6005) Q1 2025 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2024, rose 49.8% year-over-year to ¥44,509 million, driven by the acquisition of Cleaver-Brooks, Inc. and strong overseas performance.

• Operating profit declined 43.2% to ¥2,005 million due to M&A expenses, despite higher sales.

• Profit attributable to owners of parent fell 34.4% to ¥2,364 million.

Financial highlights

• Gross profit increased to ¥16,858 million from ¥12,712 million year-over-year.

• Comprehensive income decreased 10.9% to ¥6,237 million.

• Basic earnings per share dropped to ¥21.45 from ¥32.35 year-over-year.

• Cash and cash equivalents at period end were ¥38,567 million, up ¥1,280 million from the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast is ¥175,500 million, up 9.9% year-over-year; profit attributable to owners of parent is projected at ¥21,400 million, up 12.6%.

• The recent Cleaver-Brooks acquisition is not yet included in FY2025 forecasts due to incomplete allocation of acquisition costs.