Okabe (5959) Q1 2025 earnings summary

Executive summary

• Net sales for the first quarter ended March 31, 2025, rose 2.1% year-over-year to 15,997 million yen, with operating profit up 22.6% to 981 million yen and profit attributable to owners of parent up 28.5% to 743 million yen.

• Comprehensive income surged to 2,470 million yen, a 768.7% increase year-over-year.

• The business environment was marked by moderate economic recovery in Japan, but challenges persisted due to high labor and material costs in the construction sector.

Financial highlights

• Gross profit increased to 5,008 million yen from 4,821 million yen year-over-year.

• Ordinary profit rose 23.6% year-over-year to 1,055 million yen.

• Basic earnings per share improved to 16.12 yen from 12.54 yen year-over-year.

• Total assets grew to 87,342 million yen, and net assets increased to 60,766 million yen.

Outlook and guidance

• Full-year forecast for FY2025 remains unchanged: net sales of 72,500 million yen (+6.9% YoY), operating profit of 4,700 million yen (+12.0% YoY), and profit attributable to owners of parent of 3,120 million yen.

• Interim and year-end dividends are forecast at 20 yen and 21 yen per share, respectively, including special dividends.