OYO (9755) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, rose 6.5% year-over-year to ¥36,806 million, with operating profit up 14.6% to ¥2,680 million and ordinary profit up 11.1% to ¥3,072 million.

• Profit attributable to owners of parent increased 32.3% year-over-year to ¥2,600 million, and basic earnings per share rose to ¥113.06 from ¥82.72.

• Interim dividend increased to 43 yen, with a full-year forecast of 86 yen per share.

• Comprehensive income dropped sharply to ¥561 million from ¥4,950 million due to negative other comprehensive income, mainly from foreign currency translation adjustments.

• Strategic shareholdings reduced, generating 1,696 million yen in proceeds from three holdings.

Financial highlights

• Gross profit increased to ¥12,539 million from ¥11,393 million year-over-year, with a gross margin of 34.1% (+1.1pt YoY).

• Operating profit: 2,680 million yen (+14.6% YoY); operating margin: 7.3% (+0.5pt YoY).

• Extraordinary income included a ¥1,471 million gain on sale of investment securities, boosting profit before income taxes to ¥3,923 million.

• Order backlog at end of 1H: 45,653 million yen, up 5.6 billion yen YoY.

• Total assets decreased to ¥104,335 million as of June 30, 2025, from ¥106,837 million at the previous year-end.

Outlook and guidance

• Full-year consolidated forecast unchanged: net sales 75,000 million yen, operating profit 4,500 million yen, profit attributable to owners 3,300 million yen.

• Disaster Prevention and Infrastructure and Environment and Energy segments expect continued strong performance in 2H, with upward revision for Environment and Energy operating profit.

• International segment forecast revised downward due to persistent market challenges.

• Annual dividend forecast is ¥86.00 per share, unchanged from the previous year.