Bunka Shutter (5930) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024 rose 3.7% year-on-year to ¥102,298 million, driven by steady private capital expenditure and firm construction demand despite a challenging macroeconomic environment.

• Operating profit declined 9.8% year-on-year to ¥3,890 million, ordinary profit fell 20.8% to ¥3,955 million, and profit attributable to owners of parent dropped 27.6% to ¥2,208 million.

• Comprehensive income increased 3.6% year-on-year to ¥4,813 million, reflecting gains in foreign currency translation adjustments.

Financial highlights

• Gross profit increased to ¥27,357 million from ¥26,025 million year-on-year, but higher selling, general and administrative expenses reduced operating profit.

• Basic earnings per share for the period was ¥31.05, down from ¥47.96 in the prior year.

• Cash and cash equivalents at period-end were ¥39,711 million, up 1.4% from the previous fiscal year-end.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2025 remains unchanged: net sales ¥230,000 million (+4.0% YoY), operating profit ¥15,000 million (+3.6%), profit attributable to owners of parent ¥11,400 million (+7.7%), and EPS ¥160.21.

• Annual dividend forecast is ¥64.00 per share, up from ¥55.00 in the previous year.