Tama Home (1419) Q1 2025 earnings summary

Executive summary

• Q1 net sales fell 31.0% YoY to ¥36,759m; operating loss was ¥3,763m versus operating profit of ¥1,380m a year earlier.

• Custom-home orders showed a recovery trend; detached-home subdivision and renovation orders remained firm, and sales from new condominium projects progressed well.

Financial highlights

• Gross profit was ¥8,491m, down from ¥11,925m; SG&A rose to ¥12,254m from ¥10,544m.

• Ordinary loss was ¥3,876m versus profit of ¥1,531m; net loss attributable to owners of the parent was ¥2,537m versus profit of ¥932m.

• Loss before income taxes was ¥3,879m; comprehensive loss was ¥2,391m versus comprehensive income of ¥882m.

Outlook and guidance

• FY2025 guidance was unchanged: net sales ¥235,000m, operating profit ¥13,700m, ordinary profit ¥13,800m and net income ¥9,200m; Q1 revenue progress was 15.6%.

• Full-year basic EPS guidance is ¥317.37.