Takeuchi Mfg (6432) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended August 31, 2024, rose 4.2% year-over-year to ¥109.6 billion, driven by yen depreciation and product price increases despite lower unit sales.

• Operating income surged 46.5% to ¥24.9 billion, and net income attributable to shareholders increased 33.0% to ¥16.9 billion year-over-year.

• The company achieved its mid-term production capacity target, with capacity now 1.5 times higher than before.

Financial highlights

• Gross profit for the period was ¥34.3 billion, up from ¥25.5 billion a year earlier.

• Operating margin improved significantly, with operating income at ¥24.9 billion (22.7% margin).

• Comprehensive income rose 42.3% year-over-year to ¥25.9 billion.

• Cash and equivalents at period-end were ¥36.9 billion, down ¥17.8 billion from the previous year-end.

Outlook and guidance

• Full-year revenue forecast revised to ¥215.5 billion (+1.4% YoY), with operating income expected at ¥44.5 billion (+26.1% YoY).

• Net income forecast for the year is ¥30.0 billion (+14.7% YoY), with EPS projected at ¥629.36.

• Dividend forecast raised to ¥200 per share for the full year.