Taikisha (1979) Q1 2025 earnings summary

Executive summary

• Orders received for 1Q FY2024 were ¥67.5bn, down 10.3% QoQ, with sales at ¥53.0bn, down 6.2% QoQ.

• Ordinary income fell 20.8% QoQ to ¥2.8bn, and profit attributable to owners dropped 31.7% QoQ to ¥2.4bn.

• Sales for Q1 FY2025 were ¥53,089 million, down 6.2% year-over-year; operating income fell 22.0% to ¥2,564 million.

• Profit attributable to owners of parent decreased 31.7% year-over-year to ¥2,439 million.

• Comprehensive income for the quarter was ¥4,256 million, down from ¥6,097 million in the prior year.

Financial highlights

• 1Q FY2024 orders received: ¥67.5bn (down ¥7.7bn YoY); sales: ¥53.0bn (down ¥3.4bn YoY).

• Ordinary income: ¥2.8bn (down ¥0.7bn YoY); profit attributable to owners: ¥2.4bn (down ¥1.1bn YoY).

• EPS for 1Q FY2024: ¥74.46, down from ¥107.57 YoY.

• Gross profit margin improved to 15.5% from 14.7% YoY.

• Total assets as of June 30, 2024, were ¥238,063 million, down from ¥266,494 million at March 31, 2024.

Outlook and guidance

• FY2024 full-year orders-received forecast unchanged at ¥280bn; sales forecast at ¥258bn.

• Operating income forecast for FY2024: ¥14.0bn; ordinary income: ¥15.0bn; profit attributable to owners: ¥10.2bn.

• Dividend forecast for FY2025 is ¥144 per share, up from ¥131 in FY2024.

• Exchange rate sensitivity: 1% change impacts sales by ¥1.2bn and ordinary income by ¥0.07bn.