SPK (7466) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 10.9% year-over-year to ¥16,669 million, driven by strong export demand and price revisions, but operating profit fell 18.2% to ¥804 million due to higher costs.

• Net income attributable to shareholders decreased 9.5% year-over-year to ¥631 million.

• The company launched a new mid-term plan, "UPGRADE SPK!", aiming for global mobility business expansion by 2030.

Financial highlights

• Gross profit increased to ¥3,035 million from ¥2,805 million year-over-year.

• Operating margin declined due to rising raw material and energy costs, despite higher sales.

• EPS for Q1 was ¥62.89, down from ¥69.47 in the prior year.

• Comprehensive income for Q1 was ¥781 million, up 4.6% year-over-year.

Outlook and guidance

• Full-year revenue forecast remains at ¥67,000 million, up 5.8% year-over-year.

• Operating profit for the year is projected at ¥3,200 million, a 1.7% increase year-over-year.

• No changes to previously announced guidance.