Ohashi Technica (7628) Q1 2025 earnings summary

Executive summary

• Net sales rose 7.4% year-over-year to ¥9,967 million, driven by North American recovery, new orders, and yen depreciation, despite production cutbacks in Japan and China.

• Operating profit declined 9.2% year-over-year to ¥321 million due to higher raw material costs and continued losses in China.

• Ordinary profit increased 16.0% year-over-year to ¥460 million; profit attributable to owners of parent was ¥314 million, reversing a loss in the prior year.

• Comprehensive income surged to ¥1,398 million, up 190.4% year-over-year, mainly from foreign currency translation gains.

Financial highlights

• Gross profit for the quarter was ¥2,011 million, up from ¥1,868 million year-over-year.

• Basic earnings per share improved to ¥23.85 from a loss of ¥1.71 in the prior year.

• Total assets increased to ¥47,286 million, and net assets rose to ¥38,157 million as of June 30, 2024.

• Equity ratio improved to 79.7% from 79.1% at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast maintained: net sales ¥41,000 million (+4.6% YoY), operating profit ¥2,100 million (+27.9%), ordinary profit ¥2,500 million (+25.4%), profit attributable to owners of parent ¥1,800 million (+78.8%), EPS ¥136.46.

• No revision to dividend forecast: annual dividend expected at ¥68.00 per share.