Yokorei (2874) Q1 2025 earnings summary

Executive summary

• Net sales rose 3.6% year-over-year to ¥33,758 million for the three months ended December 31, 2024, with operating income up 5.5% to ¥1,811 million.

• Ordinary income dropped 49.6% year-over-year to ¥850 million, and profit attributable to owners of the parent fell 89.3% to ¥134 million.

• Comprehensive income decreased 40.3% year-over-year to ¥679 million.

Financial highlights

• Gross profit increased to ¥4,195 million from ¥4,001 million year-over-year.

• Earnings per share declined sharply to ¥2.28 from ¥21.43 year-over-year.

• Total assets increased to ¥215,766 million, up ¥12,739 million from September 30, 2024.

• Net assets rose slightly to ¥80,179 million.

• Cash and cash equivalents at period-end were ¥4,083 million, up ¥611 million from the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast at ¥127,000 million, up 3.9% year-over-year; operating income expected to decline 8.6% to ¥4,250 million.

• Profit attributable to owners of the parent projected at ¥2,800 million, down 28.8% year-over-year.

• No change to previously announced earnings forecast.