Sanyo Denki (6516) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥23,158 million, a 25.4% decrease year-over-year due to sluggish global demand, especially in factory automation and semiconductor markets.

• Operating profit dropped 61.7% to ¥1,453 million, and profit attributable to owners fell 60.5% to ¥1,360 million compared to the same quarter last year.

• Orders received decreased by 0.9% to ¥21,355 million, and order backlog declined 41.3% to ¥42,536 million.

• The company shifted to a company-based segment reporting structure effective April 1, 2024.

Financial highlights

• Gross profit for Q1 FY2025 was ¥5,970 million, down from ¥8,330 million year-over-year.

• Comprehensive income for the quarter was ¥3,774 million, a 51.6% decrease year-over-year.

• Basic earnings per share for Q1 FY2025 was ¥114.18, down from ¥284.88 in Q1 FY2024.

• Total assets increased to ¥151,726 million, and total equity rose to ¥113,264 million at quarter-end.

Outlook and guidance

• No revisions to the FY2025 forecast: full-year revenue expected at ¥105,300 million (down 6.7% year-over-year), operating profit at ¥10,600 million (down 10.3%), and profit attributable to owners at ¥8,100 million (down 22.7%).

• Dividend forecast maintained at ¥150 per share for FY2025.