Sanoh Industrial (6584) Q1 2025 earnings summary

Executive summary

• Net sales rose 7.4% year-over-year to ¥39,143 million, driven by strong North American production and favorable yen depreciation, offsetting declines in China and Japanese OEM market share.

• Operating income increased 54.0% year-over-year to ¥1,713 million, reflecting cost pass-on efforts, price adjustments, and stabilized North American operations.

• Net income attributable to shareholders returned to profit at ¥1,014 million, reversing a prior year loss.

Financial highlights

• Ordinary income rose 60.9% year-over-year to ¥1,695 million.

• Gross profit improved to ¥6,004 million from ¥4,716 million year-over-year.

• EPS was ¥28.32, up from a loss per share of ¥3.86 in the prior year period.

• Comprehensive income increased to ¥3,158 million, up 72.6% year-over-year.

• Extraordinary losses dropped sharply, mainly due to absence of prior year litigation provisions.

Outlook and guidance

• Full-year forecast maintained: net sales ¥162,000 million, operating income ¥8,000 million, net income ¥4,200 million, EPS ¥116.97.

• Q1 progress: net sales 24.2%, operating income 21.4%, net income 24.1%.

• Dividend forecast for FY2025 raised to ¥28.00 per share.