Syuppin (3179) Q1 2025 earnings summary

Executive summary

• Net sales for the quarter reached ¥13,716 million, up 21.2% year-over-year, with operating profit at ¥1,186 million, up 44.8% year-over-year.

• Net income rose 54.4% to ¥843 million, and quarterly sales hit a record high, 121% of the year-ago level.

• Camera and watch businesses drove growth, supported by strong market conditions and increased purchases by women.

Financial highlights

• Gross profit was ¥2,707 million (19.7% margin); ordinary profit reached ¥1,225 million, up 49.8% year-over-year.

• SGA expense ratio decreased to 11.1% due to improved management efficiency.

• Operating margin reached a record 8.7% for the quarter.

• Basic earnings per share increased to ¥39.12 from ¥25.97 in the same quarter last year.

Outlook and guidance

• 1Q net sales and operating profit represent 24% and 31% progress toward full-year targets, indicating steady advancement.

• Full-year net sales forecasted at ¥56,617 million, up 15.3% year-over-year, with net income projected at ¥2,639 million, a 13.6% increase.

• Basic earnings per share for the full year expected to reach ¥122.05.

• No revisions to previously announced financial forecasts.

• Forward-looking statements are subject to risks including market and economic fluctuations.