TPR Co (6463) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, were ¥44,977 million, up 2.0% year-on-year, with operating profit rising 42.0% to ¥1,911 million and ordinary profit up 52.1% to ¥3,152 million.

• Profit attributable to owners of parent increased 31.9% year-on-year to ¥1,719 million, driven by strong performance in Asia and successful cost reduction efforts.

• Comprehensive income rose 24.0% year-on-year to ¥6,031 million.

Financial highlights

• Gross profit increased to ¥9,331 million from ¥8,217 million year-on-year.

• Basic earnings per share rose to ¥50.99 from ¥38.69 year-on-year.

• Total assets as of June 30, 2024, were ¥294,668 million, up ¥4,559 million from March 31, 2024.

• Net assets increased to ¥193,777 million, with an equity-to-asset ratio of 54.6%.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2025: net sales ¥192,200 million (down 0.8% year-on-year), operating profit ¥12,600 million (up 0.6%), ordinary profit ¥16,300 million (up 1.5%), profit attributable to owners of parent ¥8,400 million (up 2.5%), and basic EPS ¥249.08.

• Dividend forecast for FY2025 is ¥100 per share, unchanged from previous guidance.