Okuma (6103) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, declined 13.8% year-over-year to ¥95,247 million.

• Operating profit dropped 53.0% year-over-year to ¥5,626 million, and net income attributable to owners fell 59.1% to ¥3,580 million.

• Comprehensive income decreased sharply to ¥601 million from ¥17,597 million in the prior year period.

Financial highlights

• Gross profit margin decreased as gross profit fell to ¥30,893 million from ¥36,026 million year-over-year.

• Ordinary profit was ¥5,421 million, down from ¥12,510 million in the same period last year.

• Basic earnings per share for the period was ¥59.13, reflecting a 2-for-1 stock split.

• Cash and cash equivalents at period end increased to ¥58,155 million from ¥50,139 million a year earlier.

Outlook and guidance

• Full-year net sales forecasted at ¥210,000 million, a 7.9% decrease year-over-year.

• Operating and ordinary profit both projected at ¥17,500 million, down over 31% year-over-year.

• Net income attributable to owners expected to be ¥12,500 million, a 35.5% decrease year-over-year.

• Basic EPS forecasted at ¥206.60 for the full year, post stock split.