Sanyo Industries (5958) Q1 2025 earnings summary

Executive summary

• Revenue increased 1.2% year-over-year to ¥6,293 million for the first quarter ended June 30, 2024, with operating profit up 10.2% to ¥297 million and ordinary profit up 9.0% to ¥364 million.

• Net income attributable to shareholders declined 21.5% year-over-year to ¥138 million, despite higher sales and operating profit.

• The company continues to execute its final year of a three-year mid-term management plan, focusing on sustainability and core strategies.

Financial highlights

• Gross profit rose to ¥1,875 million from ¥1,739 million year-over-year.

• EPS for the quarter was ¥42.07, down from ¥52.41 in the prior year.

• Total assets decreased to ¥29,031 million from ¥30,922 million at the previous fiscal year-end.

• Equity ratio improved to 69.3% from 65.3% at the previous year-end.

Outlook and guidance

• Full-year guidance remains unchanged: revenue forecast at ¥32,000 million (+5.0% YoY), operating profit ¥2,200 million (+17.6%), ordinary profit ¥2,000 million (+18.5%), and net income ¥1,600 million (+13.8%).

• Dividend forecast is maintained at ¥105 per share for the year.