Okamoto Industries (5122) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 6.9% year-over-year to ¥54,489 million, with operating income up 3.2% to ¥4,919 million and profit attributable to owners of parent down 34.9% to ¥2,980 million.

• Comprehensive income increased significantly to ¥9,169 million from ¥3,425 million year-over-year.

Financial highlights

• Gross profit increased to ¥12,421 million from ¥11,694 million year-over-year.

• Ordinary income decreased 16.5% to ¥5,015 million, and net income per share dropped to ¥170.70 from ¥260.22.

• Total assets grew to ¥145,226 million as of September 30, 2024, with net assets at ¥92,467 million and an equity ratio of 61.6%.

• Interim dividend of ¥60 per share declared, with full-year forecast at ¥120 per share.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2025: net sales of ¥111,000 million, operating income of ¥9,250 million, ordinary income of ¥10,400 million, and profit attributable to owners of parent at ¥6,700 million.

• No revision to previously announced forecasts.