Kusurinomadoguchi (5592) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 FY2025 was ¥2,629 million, up 22.1% year-over-year, with operating profit at ¥382 million, down 16.5% year-over-year but up sequentially from the previous quarter.

• Net income attributable to shareholders was ¥239 million, down 20.4% year-over-year but up 60% sequentially.

• Profit decline was mainly due to increased SG&A expenses from newly acquired subsidiaries in the previous fiscal year.

• Growth was driven by improved sales from acquired subsidiaries and cost reductions, with all major business segments showing progress in line with plans.

Financial highlights

• Gross profit rose 23% year-over-year to ¥1,542 million, and EBITDA was ¥669 million, down 4% year-over-year but up 29% from the previous quarter.

• EPS for Q1 FY2025 was ¥21.82, down from ¥32.81 in the prior year.

• Comprehensive income for Q1 FY2025 was ¥225 million.

• Stock sales accounted for 67% of total sales, continuing a positive trend since FY2022.

Outlook and guidance

• FY2025 full-year revenue is forecast at ¥10,000 million (+15% YoY), with operating profit of ¥1,510 million (+10% YoY) and net income of ¥1,017 million (+17% YoY).

• Full-year EPS forecast is ¥92.62.

• Progress rates for Q1 are 26% for revenue and 25% for operating profit against full-year guidance.

• Dividend payout ratio is planned at 15%, with a year-end dividend to be implemented earlier than initially scheduled.

• No changes to previously announced guidance.