Qol Holdings (3034) Q1 2025 earnings summary

Executive summary

• Achieved record-high sales, operating profit, and ordinary profit for the three months ended June 30, 2024, driven by consolidation of DAIICHI SANKYO ESPHA and strong segment performance.

• Net profit increased overall, but profit attributable to owners of parent decreased 16.6% to ¥843 million due to extraordinary loss from step acquisition accounting and increased non-controlling interests.

• EBITDA surged 54.2% to ¥4,837 million year-over-year.

Financial highlights

• Net sales rose 40.6% year-over-year to ¥61,036 million.

• Operating profit increased 55.6% year-over-year to ¥2,915 million.

• Ordinary profit grew 52.9% year-over-year to ¥2,966 million.

• Profit increased 42.3% year-over-year to ¥1,434 million.

• Net income per share decreased 17.0% year-over-year to ¥22.59.

Outlook and guidance

• First quarter results exceeded forecasts, with net sales at 100.3%, operating profit at 135.0%, ordinary profit at 134.3%, and profit at 160.8% of plan.

• Full-year net sales forecast is ¥270,000 million, with operating profit projected at ¥15,000 million and profit attributable to owners of parent at ¥5,700 million.

• Dividend forecast for FY2025 is ¥34.00 per share, up from ¥30.00 in the prior year.