Tsubakimoto Kogyo (8052) Q2 2025 earnings summary

Executive summary

• H1 FY2025 net sales were ¥56,600 million, up 1.3% YoY; operating profit was ¥2,566 million, down 2.7%, and profit attributable to owners of parent was ¥1,888 million, down 2.0%.

• Full-year FY2025 guidance remains unchanged: net sales ¥116,000 million, operating profit ¥5,500 million, ordinary profit ¥5,900 million and parent profit ¥3,900 million.

Financial highlights

• Gross profit was ¥8,843 million versus ¥8,615 million; SG&A was ¥6,276 million versus ¥5,979 million.

• Ordinary profit was ¥2,795 million versus ¥2,841 million; comprehensive income was ¥2,368 million versus ¥3,671 million.

• Operating cash flow was ¥1,711 million versus ¥1,254 million; cash and cash equivalents ended the period at ¥27,433 million versus ¥26,855 million at March 31, 2024.

Outlook and guidance

• FY2025 forecast: net sales ¥116,000 million (+2.2%), operating profit ¥5,500 million (+5.1%), ordinary profit ¥5,900 million (+5.8%) and parent profit ¥3,900 million (-2.5%).

• Forecast basic EPS is ¥207.54; the announced earnings forecast was not revised.

• FY2025 annual dividend forecast is ¥60 per share after the 3-for-1 split, equivalent to ¥180 per share before the split; dividend guidance was unchanged.