Galilei (6420) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 11.0% year-over-year to ¥28,659 million.

• Operating profit decreased 3.0% year-over-year to ¥3,040 million.

• Profit attributable to owners of parent declined 1.8% year-over-year to ¥2,590 million.

• Comprehensive income dropped 28.9% year-over-year to ¥2,146 million.

Financial highlights

• Gross profit increased to ¥7,760 million from ¥7,226 million year-over-year.

• Ordinary profit fell 5.4% year-over-year to ¥3,478 million.

• Basic earnings per share was ¥129.39, down from ¥131.52 year-over-year.

• Total assets increased to ¥132,665 million as of June 30, 2024, from ¥130,532 million at March 31, 2024.

• Net assets rose to ¥93,437 million from ¥92,826 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecasted at ¥119,383 million, up 3.1% year-over-year.

• Full-year operating profit projected at ¥13,191 million, down 13.8% year-over-year.

• Profit attributable to owners of parent expected to decrease 20.5% year-over-year to ¥9,784 million.

• Basic earnings per share for the full year forecasted at ¥488.78.

• No revision to previously announced forecasts.