HOYA (7741) Q1 2025 earnings summary

Executive summary

• Revenue rose 17.3% year-over-year to ¥213.8 billion for the quarter ended June 30, 2024, with profit before tax up 25.5% to ¥64.2 billion and profit attributable to owners up 23.4% to ¥47.2 billion.

• Information Technology business drove growth, offsetting Life Care's challenges from an IT system incident and macroeconomic headwinds.

Financial highlights

• Basic EPS increased to ¥134.67 from ¥108.07 year-over-year; diluted EPS at ¥134.62.

• Gross margin improved, with profit for the quarter margin rising to 22.0% from 21.1% year-over-year.

• Total assets grew to ¥1,266.8 billion from ¥1,203.6 billion at March 31, 2024; equity attributable to owners reached ¥1,011.5 billion.

• Cash and cash equivalents at period end were ¥552.98 billion, up from ¥455.47 billion a year earlier.

Outlook and guidance

• First half FY2024 revenue projected at ¥430 billion, up 15.9% year-over-year; profit before tax forecast at ¥130 billion, up 13.3%.

• Sequentially, Q2 revenue and profit before tax are expected to rise slightly from Q1.

• Management expects continued strong demand in Information Technology, especially semiconductors and HDD substrates, with Life Care recovering as IT issues are resolved.