Ochi Holdings (3166) Q1 2025 earnings summary

Executive summary

• Net sales rose 1.6% year-over-year to ¥29,143 million, driven by prior-year acquisitions despite a challenging housing market.

• Operating profit fell 21.9% year-over-year to ¥591 million, with ordinary profit down 18.4% and profit attributable to owners of parent down 27.0%.

• Comprehensive income dropped 52.0% year-over-year to ¥330 million.

Financial highlights

• Gross profit increased to ¥4,231 million from ¥4,116 million year-over-year.

• Operating margin declined due to higher personnel and logistics costs.

• Basic earnings per share decreased to ¥31.00 from ¥42.63 year-over-year.

• Total assets at quarter-end were ¥66,046 million, down 0.4% from the previous fiscal year-end.

• Equity ratio remained stable at 35.3%.

Outlook and guidance

• No changes to the full-year forecast: net sales projected at ¥125,000 million (+10.3% YoY), operating profit at ¥2,800 million (+29.9% YoY), and profit attributable to owners of parent at ¥2,100 million (+0.3% YoY).

• Annual dividend forecast maintained at ¥54.00 per share.