Quest Co (2332) Q2 2025 earnings summary

Executive summary

• Net sales rose 3.3% year-over-year to ¥7,234 million for the six months ended September 30, 2024, driven by increased orders in semiconductor, entertainment, public & social, and logistics sectors.

• Operating profit increased 9.6% to ¥496 million, ordinary profit rose 9.8% to ¥535 million, and net profit attributable to owners of parent grew 9.2% to ¥356 million, reflecting higher revenue and absence of prior year one-time relocation costs.

• EBITDA reached ¥616 million (up from ¥575 million), with an EBITDA margin of 8.5% (up from 8.2%).

Financial highlights

• Gross profit improved to ¥1,358 million from ¥1,280 million year-over-year.

• Basic earnings per share increased to ¥66.54 from ¥61.02 year-over-year.

• Comprehensive income declined to ¥256 million from ¥348 million due to a negative swing in valuation differences on available-for-sale securities.

• Total assets decreased to ¥9,111 million from ¥9,460 million at the previous fiscal year-end.

• Net assets slightly increased to ¥6,789 million, with a capital adequacy ratio of 74.5%.

Outlook and guidance

• Full-year forecast (ending March 31, 2025): Net sales ¥15,000 million (+5.4% YoY), operating profit ¥1,050 million (+5.2%), ordinary profit ¥1,090 million (+2.7%), net profit attributable to owners of parent ¥720 million (+3.4%), and basic EPS ¥134.52.

• No revisions have been made to the previously announced earnings forecast.