PRONEXUS (7893) Q1 2025 earnings summary

Executive summary

• Revenue for the first three months was ¥11,794 million, nearly flat year-over-year, reflecting a minor decrease of 0.1%.

• Operating profit rose 2.4% year-over-year to ¥3,232 million, driven by lower paper and sales promotion costs.

• Profit before tax surged 46.9% to ¥4,676 million, mainly due to a ¥1,411 million gain on sale of investments accounted for using equity method.

• Profit attributable to owners of parent increased 46.3% year-over-year to ¥3,192 million.

Financial highlights

• Gross profit for the quarter was ¥5,429 million, up 0.6% year-over-year.

• Cost of sales decreased by 0.6% to ¥6,365 million, with a cost-to-sales ratio of 54.0%.

• Selling, general and administrative expenses fell 2.0% to ¥2,211 million.

• Basic earnings per share increased to ¥125.13 from ¥85.53 year-over-year.

• Total assets at quarter-end were ¥44,559 million, up ¥5,975 million from the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast is ¥31,000 million, up 2.9% year-over-year.

• Full-year profit attributable to owners of parent is projected at ¥2,650 million, up 48.9% year-over-year.

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

• Dividend forecast includes a special dividend of ¥8.00 per share for both Q2 and year-end, totaling ¥16.00 for the year.