Toyo Suisan Kaisha (2875) Q1 2025 earnings summary

Executive summary

• Net sales rose 14.0% year-over-year to ¥126,697 million for the quarter ended June 30, 2024, with operating profit up 53.7% to ¥20,267 million and profit attributable to owners of parent up 60.0% to ¥17,633 million.

• Comprehensive income increased 17.4% year-over-year to ¥29,980 million.

• The company continued cost reductions and aggressive sales activities amid a gradually recovering Japanese economy and competitive environment.

Financial highlights

• Gross profit increased from ¥29,715 million to ¥38,689 million year-over-year.

• Basic earnings per share rose to ¥172.66 from ¥107.94 year-over-year.

• Total assets grew to ¥598,883 million from ¥570,994 million at the previous fiscal year-end.

• Net assets increased to ¥493,203 million, with an equity ratio of 80.3%.

Outlook and guidance

• Full-year net sales forecast is ¥510,000 million (up 4.3% year-over-year), with operating profit of ¥72,000 million (up 8.0%) and profit attributable to owners of parent of ¥59,000 million (up 6.0%).

• No changes to previously announced forecasts; results for the first quarter were within expectations.

• Dividend forecast for FY2025 is ¥170.00 per share, unchanged from the previous year.