Tomen Devices (2737) Q1 2025 earnings summary

Executive summary

• Net sales rose 17.0% year-over-year to ¥102,886 million for the three months ended June 30, 2024.

• Operating profit increased 5.4% year-over-year to ¥3,295 million.

• Profit attributable to owners of parent was ¥1,539 million, reversing a loss of ¥1,052 million in the prior year.

• Comprehensive income surged to ¥3,020 million from ¥101 million year-over-year.

Financial highlights

• Gross profit improved to ¥4,285 million from ¥3,894 million year-over-year.

• Ordinary profit was ¥2,072 million, nearly flat year-over-year.

• Basic earnings per share was ¥226.42, compared to a loss per share of ¥154.82 last year.

• Net assets increased to ¥47,169 million as of June 30, 2024, up from ¥45,508 million at March 31, 2024.

• Total assets rose to ¥163,894 million from ¥130,213 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecasted at ¥400,000 million, up 7.9% year-over-year.

• Operating profit expected to decline 19.8% to ¥7,600 million.

• Profit attributable to owners of parent projected to double to ¥4,200 million, up 100.4%.

• Annual dividend forecast raised to ¥240 per share from ¥200 per share.