Trusco Nakayama (9830) Q2 2025 earnings summary

Executive summary

• Net sales for the second quarter of FYE December 2025 reached 158,233 million yen, up 10.3% year-over-year, with operating profit up 20.0% to 11,825 million yen and net income attributable to owners of parent up 18.4% to 7,984 million yen.

• Gross profit rose 10.4% year-over-year to 33,334 million yen, supported by inventory valuation gains from price revisions.

• Comprehensive income increased 4.7% year-over-year to 7,605 million yen.

• Sales growth was driven by enhanced logistics, expanded inventory, and strong demand for summer products.

Financial highlights

• Operating income for the second quarter was 11,825 million yen, up 20.0% year-over-year, and gross profit margin improved to 21.1% from 20.9% year-over-year.

• Basic earnings per share rose to 121.08 yen from 102.30 year-over-year.

• Total assets grew to 298,206 million yen as of June 30, 2025, up from 270,290 million yen at the previous year-end.

• Net cash provided by operating activities increased to 5,080 million yen from 2,599 million yen year-over-year.

• Cash and cash equivalents at period-end rose to 56,491 million yen from 40,553 million yen year-over-year.

Outlook and guidance

• Full-year net sales budget revised upward to 325,000 million yen (+10.2% YoY), with gross profit expected at 67,600 million yen (+9.6% YoY).

• Operating income forecasted at 23,029 million yen (+15.3% YoY), ordinary income at 22,752 million yen (+13.4% YoY).

• Net income attributable to owners of parent projected at 15,557 million yen, with basic EPS forecasted at 235.94 yen.

• Dividend per share planned at 59.00 yen, up 5.00 yen from the previous year.