Wedge Industrial (000534) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥335.04 million, up 15.34% year-over-year.

• Net profit attributable to shareholders was ¥72.69 million, a 10.52% increase year-over-year.

• Basic EPS rose to ¥0.1457, up 10.63% from the same period last year.

Financial highlights

• Operating cash flow was negative at -¥24.01 million, down 43.99% year-over-year.

• Total assets at quarter-end were ¥4.08 billion, up 2.79% from year-end 2024.

• Shareholders’ equity increased 9.62% to ¥1.49 billion compared to year-end 2024.

• Non-recurring profit items contributed ¥3.60 million, mainly from government subsidies.

Outlook and guidance

• High-temperature alloy revenue grew 63.80% year-over-year, driving cost structure changes.

• R&D expenses surged 121.34% due to increased investment in subsidiaries.