TOA (1885) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 net sales grew 9.4% YoY, but operating profit, ordinary profit and parent-attributable profit fell sharply.

Financial highlights

• Net sales ¥68,432m, up 9.4% YoY; gross profit ¥4,594m vs ¥6,912m, while SG&A rose to ¥3,197m from ¥3,037m.

• Operating profit ¥1,396m, down 63.9% YoY; ordinary profit ¥1,958m, down 53.6%; profit attributable to owners of parent ¥1,337m, down 52.9%.

• Comprehensive income ¥1,987m vs ¥3,690m YoY.

Outlook and guidance

• FY2025 forecast: net sales ¥300,000m (+5.7% YoY), operating profit ¥12,000m (-30.4%), ordinary profit ¥11,800m (-29.0%) and parent-attributable profit ¥8,000m (-23.9%).

• FY2025 forecast basic EPS ¥100.90; dividend forecast ¥40.50 per share, with no revision to the previously announced dividend forecast.

• Actual results may differ materially from forecasts due to various factors and assumptions underlying the outlook.