Shima Seiki Mfg (6222) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 were ¥8,061 million, down 31.1% year-over-year from ¥11,695 million.

• Operating income was negative at -¥493 million, compared to ¥695 million in the prior year.

• Net income attributable to owners was -¥380 million, a reversal from ¥740 million profit last year.

Financial highlights

• Comprehensive income for Q1 FY2024 was ¥2,811 million, down 18.4% year-over-year.

• Net income per share was -¥11.03, compared to ¥21.47 in the same quarter last year.

• Equity ratio remained high at 84.5% as of June 30, 2024.

• Total assets increased to ¥111,856 million from ¥107,804 million at the previous fiscal year-end.

Outlook and guidance

• Full-year FY2025 net sales forecast at ¥44,000 million, up 22.5% year-over-year.

• Full-year operating income projected at ¥2,200 million, up 116.1% year-over-year.

• Net income attributable to owners expected to reach ¥1,700 million, up 65.0% year-over-year.

• Net income per share forecasted at ¥49.25 for the full year.