Stanley Electric (6923) Q1 2025 earnings summary

Executive summary

• Net sales rose 8.7% year-over-year to ¥121.44 billion, driven by strong Americas performance, solid motorcycle sales in Asia, consolidation of Thai Stanley, and a weaker yen.

• Operating income surged 160.2% year-over-year to ¥9.53 billion, aided by improved profitability in the Americas and absence of prior year one-off costs.

• Net income attributable to owners increased 148.1% year-over-year to ¥5.82 billion.

• Comprehensive income declined 25.7% year-over-year to ¥23.84 billion, reflecting lower other comprehensive income.

Financial highlights

• Operating income to net sales ratio improved from 3.3% to 7.9% year-over-year.

• Ordinary income grew 69.1% year-over-year to ¥11.71 billion.

• Net income per share rose 154.4% year-over-year to ¥36.31.

• Gross profit increased to ¥23.49 billion from ¥15.24 billion year-over-year.

• Total assets grew to ¥787.29 billion from ¥708.26 billion at March 31, 2024.

Outlook and guidance

• Full-year net sales forecast at ¥500 billion, up 5.8% year-over-year.

• Full-year net income attributable to owners projected at ¥31.1 billion, up 17.4% year-over-year.

• No revision to previously released business forecasts.