TANAKEN (1450) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 13.1% year-over-year to ¥2,585 million, with operating profit up 58.8% and net profit up 59.1% due to strong order environment and productivity gains from large projects.

• Despite a decrease in large project starts and some project delays, robust demand for demolition work and urban redevelopment supported growth.

• The company continues to implement its mid-term plan focused on workforce, technology, and alliances to enhance brand value.

Financial highlights

• Operating profit for Q1 FY2025 was ¥482 million, up 58.8% year-over-year; recurring profit was ¥483 million, up 51.2%.

• Net profit for the quarter reached ¥299 million, a 59.1% increase year-over-year.

• EPS for Q1 FY2025 was ¥68.95, compared to ¥43.33 in the prior year.

• Total assets at quarter-end were ¥8,662 million, down from ¥9,119 million at the previous fiscal year-end.

• Equity ratio improved to 80.0% from 76.7% at the previous year-end.

Outlook and guidance

• Full-year FY2025 guidance remains unchanged: revenue ¥13,000 million (+21.8% YoY), operating profit ¥1,600 million (+0.6%), net profit ¥1,100 million (+0.9%), EPS ¥252.91.

• No revision to previously announced forecasts; actual results may differ due to various factors.