Toyo Construction (1890) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 were ¥33,773 million, down 20.9% year-over-year; operating loss of ¥351 million versus a profit of ¥468 million last year.

• Ordinary loss was ¥614 million, compared to a profit of ¥13 million in the prior year; net loss attributable to owners was ¥76 million.

• Earnings per share were negative at ¥0.82, compared to negative ¥1.18 in the previous year.

Financial highlights

• Gross profit declined to ¥2,862 million from ¥3,363 million year-over-year.

• Total assets decreased to ¥139,325 million from ¥164,160 million at the end of March 2024.

• Net assets fell to ¥74,955 million from ¥80,800 million sequentially.

• Equity ratio improved to 51.8% from 47.6% at the previous fiscal year-end.

• Cash and cash equivalents at quarter-end were ¥28,917 million, down from ¥43,841 million year-over-year.

Outlook and guidance

• Full-year FY2025 guidance: net sales of ¥190,000 million (+1.7% YoY), operating profit of ¥11,600 million (+6.5%), ordinary profit of ¥11,100 million (+10.4%), and net profit attributable to owners of ¥7,600 million (+8.3%).

• Forecasted annual dividend per share is ¥80.00.