Raito Kogyo Co (1926) Q1 2025 earnings summary

Executive summary

• Orders received for the quarter were ¥47,292 million, down 3.8% year-over-year, mainly due to a reactionary decline from a large U.S. project in the prior year, despite strong domestic condominium projects.

• Net sales decreased 1.4% year-over-year to ¥25,421 million, impacted by delays in project starts.

• Gross profit rose 10.9% year-over-year to ¥5,164 million, reflecting improved profitability.

• Operating profit increased 21.3% year-over-year to ¥2,098 million; ordinary profit rose 23.4% to ¥2,236 million.

• Profit attributable to owners of parent grew 30.6% year-over-year to ¥1,511 million.

Financial highlights

• Net sales: ¥25,421 million (down 1.4% year-over-year).

• Operating profit: ¥2,098 million (up 21.3% year-over-year).

• Ordinary profit: ¥2,236 million (up 23.4% year-over-year).

• EPS: ¥31.70 (up from ¥23.69 year-over-year).

• Comprehensive income: ¥2,227 million (up 2.0% year-over-year).

Outlook and guidance

• Full-year forecast (ending March 31, 2025): Net sales ¥121,000 million (up 3.1% year-over-year), operating profit ¥13,700 million (up 21.8%), ordinary profit ¥13,900 million (up 19.7%), profit attributable to owners of parent ¥9,500 million (up 16.1%), EPS ¥197.76.

• No revisions to previously announced forecasts.