T Hasegawa (4958) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 net sales rose 7.5% YoY to ¥17,643 million; operating profit increased 4.0% to ¥1,901 million and profit attributable to owners of parent rose 9.8% to ¥1,461 million.

• Ordinary profit grew 23.4% to ¥2,288 million, supported by ¥243 million in foreign-exchange gains versus ¥98 million in foreign-exchange losses a year earlier.

Financial highlights

• Gross profit was ¥7,416 million versus ¥6,691 million YoY; SG&A was ¥5,514 million versus ¥4,862 million.

• EPS was ¥35.65 versus ¥32.35 YoY; diluted EPS was ¥35.49 versus ¥32.22.

• Comprehensive income was ¥6,275 million versus a loss of ¥1,069 million, including ¥5,233 million in positive foreign-currency translation adjustments.

• Total assets were ¥146,902 million and net assets ¥123,371 million at Dec. 31, 2024, versus ¥144,504 million and ¥119,681 million at Sept. 30, 2024.

Outlook and guidance

• FY2025 guidance is unchanged: net sales ¥74,300 million (+3.7% YoY), operating profit ¥9,970 million (+6.9%), ordinary profit ¥10,450 million (+7.5%), and parent-attributable profit ¥7,580 million (+5.2%).

• FY2025 EPS forecast is ¥184.84; no revision to the consolidated forecast was made.