PILLAR (6490) Q1 2025 earnings summary

Executive summary

• Q1 sales rose 2.9% year-over-year to 13.1 billion yen, but operating income fell 18.8% due to higher depreciation and one-off expenses.

• Net income dropped 23.0% year-over-year to 1.96 billion yen, with EPS at 84.21 yen.

• Orders received increased 10.4% year-over-year, but order backlog declined 31.7%.

• The weak yen positively impacted sales and operating income.

Financial highlights

• Operating income margin decreased from 24.2% to 19.1% year-over-year.

• Ordinary income fell 18.2% year-over-year to 2.92 billion yen.

• Dividend forecast for the full year is 125 yen per share, down 34 yen year-over-year.

• Gross profit for the quarter was 5.18 billion yen, down from 5.45 billion yen year-over-year.

• Comprehensive income dropped to 1.85 billion yen from 3.31 billion yen year-over-year.

Outlook and guidance

• Full-year sales forecast remains at 62 billion yen (+5.8% YoY), with operating income expected at 13 billion yen (-8.5% YoY).

• No change to previous guidance; recovery in the semiconductor market anticipated in the second half.

• Full-year net income forecast is 9 billion yen (-16.5% YoY), with EPS of 386.17 yen.