Ship Healthcare (3360) Q1 2025 earnings summary

Executive summary

• Net sales rose 6.0% year-over-year to ¥155,219 million in Q1 FY2025, with operating profit down 8.8% to ¥3,502 million and profit attributable to owners of parent up 2.2% to ¥3,065 million.

• Business performance was in line with expectations, supported by project progress in Total Pack Produce and ongoing execution of the medium-term management plan.

• The Japanese economy showed moderate recovery, but uncertainty persists due to inflation and yen depreciation.

Financial highlights

• Operating profit decreased 8.8% year-over-year to ¥3,502 million; ordinary profit fell 3.5% to ¥4,485 million.

• Net income per share was ¥32.49, up from ¥31.78 in the prior year.

• Comprehensive income dropped 37.6% year-over-year to ¥3,365 million.

• Total assets at quarter-end were ¥377,014 million, down ¥9,805 million from the previous fiscal year-end.

• Equity capital ratio improved to 36.7%, up 0.6 percentage points from the previous year-end.

Outlook and guidance

• Full-year net sales forecast remains at ¥640,000 million, with operating profit projected at ¥26,000 million and profit attributable to owners of parent at ¥15,000 million.

• No changes to previously announced financial forecasts; business performance is progressing as planned.