BayCurrent Consulting (6532) Q1 2025 earnings summary

Executive summary

• Q1 revenue reached 27,297 million yen, up 25.7% year-over-year, driven by strong demand and successful growth strategies.

• EBITDA for Q1 was 9,671 million yen, up 19.2% year-over-year, with a margin of 35.4%.

• Net profit grew 19.7% year-over-year to 6,973 million yen, with basic EPS at 45.71 yen.

• Performance slightly exceeded targets, supported by active recruitment and a significant increase in consultants.

Financial highlights

• Q1 revenue: 27,297 million yen (YoY +25.7%).

• Q1 EBITDA: 9,671 million yen (YoY +19.2%), EBITDA margin: 35.4%.

• Gross profit rose 22.4% YoY to 14,624 million yen, gross margin 53.6%.

• Operating profit increased 18.1% YoY to 9,455 million yen; operating margin 34.6%.

• Cash and cash equivalents at quarter-end were 48,724 million yen, up 2,946 million yen from prior year-end.

Outlook and guidance

• FY2025 full-year revenue forecast: 115,000 million yen (YoY +22.5%), progress at 23.7%.

• FY2025 full-year EBITDA forecast: 42,000 million yen (YoY +18.9%), margin: 36.5%.

• EPS forecast for FY2025: 199.49 yen, up 20.1% YoY; annual dividend forecast raised to 50 yen per share.

• Q2 revenue growth expected at 20% YoY, with costs rising due to continued investment in recruitment.

• No changes to previously announced forecasts.