Soliton Systems (3040) Q4 2024 earnings summary

Executive summary

• Net sales for the year ended December 31, 2024, were ¥18,606 million, a 2.4% decrease year-over-year.

• Operating profit declined 21.7% year-over-year to ¥2,043 million.

• Profit attributable to owners of parent was ¥1,725 million, down 10.9% from the previous year.

Financial highlights

• Gross profit for 2024 was ¥8,293 million, compared to ¥8,561 million in 2023.

• Ordinary profit decreased 23.2% year-over-year to ¥2,156 million.

• Earnings per share for 2024 were ¥93.11, compared to ¥104.55 in 2023.

• Total assets increased to ¥23,286 million as of December 31, 2024.

• Net assets rose to ¥12,283 million, with an equity ratio of 52.7%.

Outlook and guidance

• Forecast for the year ending December 31, 2025: net sales of ¥19,500 million (up 4.8% year-over-year).

• Operating profit projected at ¥2,200 million (up 7.7%), ordinary profit at ¥2,200 million (up 2.0%).

• Profit attributable to owners of parent expected to be ¥1,750 million (up 1.4%), with EPS of ¥94.41.