Shinnihon (1879) Q1 2025 earnings summary

Executive summary

• Net sales rose 4.5% year-over-year to ¥21,347 million for the quarter ended June 30, 2024.

• Operating income declined 13.2% year-over-year to ¥1,900 million.

• Net income attributable to owners of parent decreased 15.1% year-over-year to ¥1,315 million.

• Comprehensive income fell 10.4% year-over-year to ¥1,410 million.

Financial highlights

• Gross profit decreased to ¥2,884 million from ¥3,087 million year-over-year.

• Basic earnings per share dropped to ¥22.48 from ¥26.48 year-over-year.

• Equity-to-asset ratio improved to 71.1% from 67.3% as of March 31, 2024.

• Total assets declined to ¥157,897 million from ¥168,154 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecasted at ¥135,000 million, up 1.1% year-over-year.

• Operating income and ordinary income both projected at ¥17,700 million, up 0.7% and 0.2% respectively.

• Net income attributable to owners of parent expected at ¥12,300 million, up 0.1% year-over-year.

• Annual dividend forecast maintained at ¥53.00 per share.