Seika (8061) Q1 2025 earnings summary

Executive summary

• Net sales rose 7.5% year-over-year to ¥20,487 million for the quarter ended June 30, 2024.

• Operating profit increased 39.7% year-over-year to ¥1,318 million.

• Ordinary profit surged 137.7% year-over-year to ¥2,374 million, driven by higher non-operating income.

• Profit attributable to owners of parent jumped 505.0% year-over-year to ¥3,754 million.

• Comprehensive income grew 53.3% year-over-year to ¥2,591 million.

Financial highlights

• Gross profit increased to ¥5,807 million from ¥5,049 million year-over-year.

• EPS for the quarter was ¥311.49, up from ¥51.45 a year earlier.

• Total assets decreased to ¥113,123 million from ¥118,543 million at the previous fiscal year-end.

• Net assets rose to ¥44,658 million, with an equity ratio of 38.7%.

• Gross sales under old standards declined 11.2% year-over-year to ¥44,382 million.

Outlook and guidance

• Full-year net sales forecast is ¥90,000 million, up 3.7% year-over-year.

• Full-year operating profit forecast is ¥3,400 million, up 132.0% year-over-year.

• Profit attributable to owners of parent is projected at ¥5,400 million, up 13.7% year-over-year.

• Full-year EPS forecast is ¥447.82.

• Dividend forecast for FY2025 is ¥180 per share, up from ¥150 in FY2024.