Iwatani (8088) Q1 2025 earnings summary

Executive summary

• Net sales for the quarter were ¥197.5 billion, down 2.2% year-over-year, while operating profit was ¥8.4 billion, down 1.1%. Ordinary profit rose 41.7% to ¥15.0 billion, and profit attributable to owners of parent increased 61.7% to ¥11.6 billion year-over-year.

• Comprehensive income rose 13.5% year-over-year to ¥17.5 billion.

• The company advanced hydrogen infrastructure, opened new hydrogen and LPG stations, and expanded manufacturing capacity in Singapore.

Financial highlights

• Gross profit increased to ¥53.7 billion from ¥51.7 billion year-over-year.

• Ordinary profit benefited from a significant increase in share of profit of entities accounted for using equity method.

• Basic earnings per share for the quarter were ¥201.67, up from ¥124.69 year-over-year.

• Equity ratio improved to 44.6% from 43.4% at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast remains unchanged: net sales ¥902.0 billion (+6.4%), operating profit ¥52.7 billion (+4.1%), ordinary profit ¥72.8 billion (+10.0%), profit attributable to owners of parent ¥54.0 billion (+14.0%).

• Basic earnings per share forecast for the year is ¥234.67, reflecting a planned 4-for-1 stock split effective October 1, 2024.