Qol Holdings (3034) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 40.9% year-over-year to ¥124,771 million, driven by the consolidation of DAIICHI SANKYO ESPHA and strong segment growth.

• Operating profit increased 71.3% year-over-year to ¥6,096 million, and ordinary profit rose 69.2% to ¥6,220 million.

• Profit attributable to owners of parent declined 35.8% year-over-year to ¥1,211 million, reflecting increased non-controlling interests and temporary expenses.

• EBITDA grew 62.7% year-over-year to ¥9,941 million.

• Interim net profit was ¥2,334 million, up 24.1% year-over-year.

Financial highlights

• Gross profit increased to ¥19,049 million from ¥11,031 million year-over-year; gross profit margin improved to 15.3% from 12.5%.

• Comprehensive income rose 49.7% year-over-year to ¥2,836 million.

• Basic EPS for the period was ¥32.43, down from ¥50.80 year-over-year.

• Total assets increased to ¥137,286 million from ¥117,779 million at March 31, 2024.

• Net assets rose to ¥57,957 million as of September 30, 2024, with a capital adequacy ratio of 39.3%.

Outlook and guidance

• Full-year net sales forecast at ¥270,000 million, with 46.2% progress as of 2Q; operating profit forecast at ¥15,000 million, 40.6% progress.

• Ordinary profit forecast at ¥15,200 million (up 64.2%), and profit attributable to owners of parent at ¥5,000 million (up 2.4%).

• Full-year EPS forecast at ¥133.79.

• Annual dividend forecast raised to ¥34.00 per share.

• Three-year medium-term plan targets FY2026 net sales of ¥300 billion and operating profit of ¥24 billion.