Amada (6113) Q1 2024 earnings summary

Executive summary

• Revenue for Q1 FY2024 was ¥83,093 million, down 4.0% year-over-year; operating profit fell 28.8% to ¥8,569 million.

• Net income attributable to owners was ¥6,499 million, a 30.6% decrease from the prior year.

• Comprehensive income declined to ¥20,965 million from ¥25,109 million year-over-year.

Financial highlights

• Gross profit margin decreased as gross profit fell to ¥36,604 million from ¥38,933 million year-over-year.

• Basic EPS was ¥19.45, down from ¥26.95 in the same quarter last year.

• Cash and cash equivalents increased to ¥100,651 million as of June 30, 2024.

• Net cash from operating activities rose to ¥18,678 million, up from ¥9,396 million year-over-year.

• Total assets grew to ¥694,532 million, with total equity at ¥543,022 million.

Outlook and guidance

• FY2025 revenue forecast is ¥415,000 million, up 2.8% year-over-year; operating profit forecast at ¥59,000 million.

• Net income forecast for FY2025 is ¥41,000 million, with basic EPS projected at ¥122.76.

• Dividend forecast for FY2025 is ¥62.00 per share, up from ¥60.00 in FY2024.