Parker (9845) Q1 2025 earnings summary

Executive summary

• Revenue rose 16.6% year-over-year to ¥16,904 million for the first quarter, with operating profit up 0.9% to ¥1,075 million and ordinary profit down 6.7% to ¥1,096 million.

• Net income attributable to shareholders dropped 53.8% year-over-year to ¥746 million, mainly due to the absence of a one-time negative goodwill gain recorded in the prior year.

• The business environment remains uncertain due to inflation, geopolitical risks, and market volatility, despite a gradual economic recovery and improved employment and income conditions.

Financial highlights

• Gross profit increased to ¥4,205 million from ¥3,503 million year-over-year.

• Comprehensive income for the quarter was ¥2,108 million, down 8.0% year-over-year.

• Total assets at quarter-end were ¥69,722 million, up ¥326 million from the previous fiscal year-end.

• Equity ratio improved to 62.1% from 59.9% at the previous year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥74,000 million, up 9.3% year-over-year, with net income projected at ¥4,200 million, down 7.8%.

• No changes have been made to previously announced earnings or dividend forecasts.

• Dividend forecast remains at ¥25.00 per share for the full year.