Unitika (3103) Q1 2025 earnings summary

Executive summary

• Net sales rose 9.7% year-over-year to ¥30,658 million, with operating profit at ¥1,168 million versus a loss last year.

• Ordinary profit surged 250.5% year-over-year to ¥2,674 million, aided by foreign exchange gains.

• Profit attributable to owners of parent increased 731.5% year-over-year to ¥1,976 million.

• Cost reduction, price revisions, and higher value-added product sales drove the turnaround.

Financial highlights

• Gross profit improved to ¥6,061 million from ¥4,681 million year-over-year.

• Operating profit reached ¥1,168 million, reversing a ¥676 million loss last year.

• Ordinary profit was ¥2,674 million, up from ¥762 million year-over-year.

• EPS for the quarter was ¥34.28, up from ¥2.90 year-over-year.

• Comprehensive income turned positive at ¥1,974 million from a loss of ¥956 million.

Outlook and guidance

• Revised Q2 forecast: net sales ¥59,000 million, operating profit ¥1,400 million, ordinary profit ¥500 million, profit attributable to owners of parent ¥200 million, EPS ¥3.47.

• Full-year forecast unchanged due to uncertainties in raw material prices and yen depreciation.