Sk Kaken (4628) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥26,249 million, up 6.9% year-over-year, driven by strong demand in urban redevelopment and logistics facilities, despite headwinds from inflation and labor shortages.

• Operating profit rose 10.9% to ¥3,294 million, and net income attributable to shareholders increased 7.3% to ¥4,130 million compared to the same quarter last year.

• The company focused on expanding sales of high-durability, low-pollution, and energy-saving paints, especially in the renovation market.

Financial highlights

• Gross profit for Q1 FY2025 was ¥8,052 million, up from ¥7,397 million year-over-year.

• Operating profit reached ¥3,294 million, up from ¥2,971 million, and ordinary profit was ¥5,898 million, up from ¥5,531 million year-over-year.

• EPS for Q1 FY2025 was ¥306.42, compared to ¥285.62 in the prior year.

• Comprehensive income for the quarter was ¥4,987 million, a 22.3% increase year-over-year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥103,000 million, with operating profit projected at ¥12,200 million and net income at ¥9,500 million.

• Interim and year-end dividends are forecast at ¥120 per share each, with no change from previous guidance.