Tsutsumi Jewelry (7937) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 rose 29.7% year-over-year to ¥5,568 million, reflecting strong revenue growth.

• Operating income surged 231.3% year-over-year to ¥530 million, indicating significant improvement in profitability.

• Net income increased 565.5% year-over-year to ¥723 million, highlighting robust bottom-line performance.

Financial highlights

• Ordinary income for Q1 FY2024 was ¥555 million, up 192.0% from the prior year.

• Net income per share for Q1 FY2024 was ¥46.33, compared to ¥6.96 in Q1 FY2023.

• Total assets at the end of Q1 FY2024 were ¥68,880 million, with net assets of ¥67,082 million.

• Capital adequacy ratio stood at 97.4% at the end of Q1 FY2024.

Outlook and guidance

• FY2024 full-year net sales forecast is ¥21,700 million, a 9.0% increase year-over-year.

• Operating income is projected at ¥1,680 million, up 0.5% year-over-year.

• Net income forecast for FY2024 is ¥1,480 million, a 28.0% increase year-over-year.

• Net income per share for FY2024 is forecast at ¥94.71.

• Dividend per share forecast for FY2024 is ¥70.00, up from ¥60.00 in FY2023.