Okamoto Industries (5122) Q1 2025 earnings summary

Executive summary

• Net sales rose 3.4% year-over-year to ¥26,066 million for the quarter ended June 30, 2024.

• Operating income increased 10.7% year-over-year to ¥2,538 million.

• Profit attributable to owners of parent declined 19.3% year-over-year to ¥2,210 million.

• Comprehensive income decreased 26.1% year-over-year to ¥4,551 million.

Financial highlights

• Gross profit improved to ¥6,249 million from ¥5,737 million year-over-year.

• Ordinary income rose 9.7% year-over-year to ¥3,592 million.

• Net income per share was ¥126.27, down from ¥155.67 in the prior year.

• Total assets increased to ¥146,197 million from ¥143,858 million as of March 31, 2024.

• Equity ratio improved to 62.2% from 61.6% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast at ¥111,000 million, up 4.6% year-over-year.

• Full-year operating income projected at ¥9,250 million, down 7.9% year-over-year.

• Profit attributable to owners of parent expected to decrease 9.3% year-over-year to ¥6,700 million.

• Dividend forecast for FY2025 is ¥120 per share, unchanged from the previous forecast.