Aica Kogyo (4206) Q1 2024 earnings summary

Executive summary

• Net sales for Q1 FY2024 rose 4.3% year-over-year to ¥56,842 million, marking a record high.

• Operating profit increased 15.9% year-over-year to ¥6,059 million, also reaching a record high.

• Net income attributable to owners of parent grew 14.7% year-over-year to ¥4,134 million.

• Comprehensive income reached ¥8,949 million, up from ¥7,230 million in the prior year period.

• Sales and profits have increased for four consecutive accounting years.

Financial highlights

• Ordinary profit for Q1 FY2024 was ¥6,766 million, up 20.6% year-over-year.

• Earnings per share rose 14.7% year-over-year to ¥64.63.

• Gross profit improved to ¥15,415 million from ¥14,085 million year-over-year.

• Equity ratio improved to 60.1% from 58.9% at the previous fiscal year-end.

• All major profit metrics (operating, ordinary, net income) reached record highs.

Outlook and guidance

• Full-year net sales forecast is ¥250,000 million, up 5.9% year-over-year.

• Full-year operating profit projected at ¥13,300 million, up 11.3% year-over-year.

• Profit attributable to owners of parent expected to reach ¥16,200 million, up 7.0% year-over-year.

• Full-year EPS forecast at ¥253.24.

• Dividend forecast for FY2025 is ¥113.00 per share, up from ¥112.00 in FY2024.