Hochiki (6745) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 9.5% year-over-year to ¥45,531 million, with all segments showing growth and operating profit up 88.9%.

• Growth was driven by robust domestic refurbishment/retrofit and maintenance, as well as strong overseas sales, especially in Europe, Middle East, and India.

• Orders received increased by 5.5% to ¥57,304 million; order backlog remained stable at ¥39,449 million.

Financial highlights

• Operating profit reached ¥3,376 million (up 88.9% year-over-year), with an operating margin of 7.4%.

• Profit attributable to owners of parent was ¥2,284 million, up 75.6% year-over-year.

• Gross profit was ¥16,582 million, up from ¥13,787 million a year earlier.

• Basic earnings per share increased to ¥91.98 from ¥60.91 year-over-year.

• Comprehensive income declined 32.4% year-over-year to ¥2,171 million due to negative other comprehensive income.

Outlook and guidance

• Full-year forecast for FY2025 remains unchanged: net sales ¥95,000 million, operating profit ¥7,600 million, ordinary profit ¥7,800 million, and profit attributable to owners of parent ¥5,700 million.

• Dividend forecast for FY2025 is ¥58.00 per share, unchanged from the previous year.