Mansei (7565) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 2024 was ¥10,853 million, down 12.1% year-over-year due to production adjustments and changes in product flows among major customers.

• Operating income decreased 30.4% year-over-year to ¥478 million, and net income attributable to shareholders fell 15.3% to ¥426 million.

• The business environment remained challenging with persistent high raw material costs, labor shortages in construction, and prolonged inventory adjustments in China.

Financial highlights

• Revenue: ¥10,853 million (down 12.1% year-over-year).

• Operating income: ¥478 million (down 30.4% year-over-year).

• Ordinary income: ¥509 million (down 29.9% year-over-year).

• Net income attributable to shareholders: ¥426 million (down 15.3% year-over-year).

• EPS: ¥186.06 (down from ¥219.71 year-over-year).

• Comprehensive income: ¥389 million (down 37.9% year-over-year).

Outlook and guidance

• Full-year revenue forecast revised to ¥23,500 million, up 10.1% from the previous year.

• Full-year operating income forecast at ¥950 million (down 34.7% year-over-year), net income at ¥730 million (down 31.9% year-over-year), and EPS at ¥319.11.

• Interim dividend set at ¥40 per share; year-end dividend forecast remains undecided.