Fukuda Denshi (6960) Q1 2025 earnings summary

Executive summary

• Net sales rose 4.0% year-over-year to ¥30,341 million for the first quarter ending June 30, 2024.

• Operating profit declined 11.5% year-over-year to ¥4,515 million, and ordinary profit fell 11.1% to ¥4,647 million.

• Profit attributable to owners of parent decreased 13.3% year-over-year to ¥3,031 million.

• Comprehensive income dropped 29.6% year-over-year to ¥3,025 million.

Financial highlights

• Gross profit increased to ¥14,236 million from ¥12,811 million year-over-year.

• Earnings per share for the quarter were ¥105.15, down from ¥115.54 a year earlier.

• Total assets decreased to ¥206,095 million from ¥209,064 million at the previous fiscal year-end.

• Net assets slightly decreased to ¥168,985 million.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥135,000 million (+3.8%), operating profit of ¥23,000 million (+13.2%), and profit attributable to owners of parent of ¥16,500 million (+11.7%).

• No interim forecast is provided due to business seasonality.