MIRAIT ONE (1417) Q1 2025 earnings summary

Executive summary

• Net sales rose 16.7% year-over-year to 117,338 million yen for the quarter ended June 30, 2024, with operating profit up 67.9% and ordinary profit up 64.8%.

• Profit attributable to owners of parent was 744 million yen, reversing a loss of 580 million yen in the prior year.

• Orders received increased 11.4% year-over-year, driven by growth in NTT business, environmental and social innovation, and ICT solutions.

• Kokusai Kogyo Co., Ltd. contributed to net sales after becoming a subsidiary in December 2023.

Financial highlights

• Comprehensive income reached 1,732 million yen, up 188.0% year-over-year.

• Net income per share was 8.13 yen, compared to a loss per share of 6.09 yen a year ago.

• Total assets decreased to 465,572 million yen from 519,960 million yen at the previous fiscal year-end.

• Equity ratio improved to 53.4% from 48.5% at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast for FY2025 remains unchanged: net sales of 570,000 million yen (+10.0%), operating profit of 27,000 million yen (+51.4%), ordinary profit of 28,000 million yen (+49.8%), and profit attributable to owners of parent of 18,000 million yen (+43.6%).