Uchida Yoko (8057) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥52,563 million, down 1.2% year-over-year, with operating profit at ¥1,537 million, a 48.6% decrease, and net profit attributable to shareholders at ¥1,203 million, down 46.2%.

• The decline was mainly due to the absence of last year's large-scale education ICT projects and system upgrades for the invoice system, as well as increased SG&A expenses from system investments and employee compensation improvements.

• Despite the Q1 decline, management expects a rebound from Q2 onward and maintains full-year guidance.

Financial highlights

• Gross profit fell 9.3% year-over-year to ¥10,883 million, while SG&A expenses rose 3.7% to ¥9,346 million.

• Comprehensive income for Q1 was ¥425 million, down from ¥2,620 million in the prior year.

• EPS for Q1 was ¥122.20, compared to ¥227.33 in the previous year.

• Total assets decreased to ¥133,681 million from ¥150,753 million at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥300,000 million (+7.9% YoY), with operating profit of ¥10,000 million (+7.0%) and net profit attributable to shareholders of ¥7,200 million (+2.9%).

• No change to previously announced guidance; management expects recovery from Q2 and steady performance in H2.