Teijin (3401) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2024 rose 11.5% year-over-year to ¥255.3 billion, with adjusted operating income up 115.7% to ¥10.4 billion and net profit attributable to owners up 110.2% to ¥4.5 billion.

• The company adopted IFRS for the first time this quarter, restating prior results for comparability.

• Discontinued operations reflect the planned divestiture of the IT business (Infocom), with related assets and liabilities classified as held for sale.

Financial highlights

• Gross profit increased to ¥63.4 billion from ¥58.3 billion year-over-year, with operating income up to ¥8.0 billion from ¥4.6 billion.

• Profit before tax rose 58.8% to ¥8.4 billion, and comprehensive income was ¥20.4 billion, down 14.3% due to lower other comprehensive income.

• Basic EPS doubled to ¥23.12 from ¥11.01 year-over-year.

• Net cash provided by operating activities was ¥8.6 billion, reversing a negative ¥5.9 billion last year.

Outlook and guidance

• FY2024 revenue forecast is ¥1,010 billion (+5.2% YoY), with adjusted operating income of ¥23 billion (+4.8%).

• Operating income forecast is ¥19 billion; profit attributable to owners and EPS guidance remain undecided pending further review.

• Dividend outlook maintained at ¥30 per share for FY2024.