ISB (9702) Q1 2025 earnings summary

Executive summary

• Net sales rose 13.8% year-over-year to ¥9,712 million for Q1, achieving record-high sales and operating profit, driven by strong order growth across all business categories.

• Operating profit increased 2.3% year-over-year to ¥1,131 million, and ordinary profit rose 0.7% to ¥1,139 million, both exceeding plan despite higher procurement costs and investments.

• Profit attributable to owners of parent declined 4.5% year-over-year to ¥726 million, and comprehensive income fell 20.0% to ¥702 million.

Financial highlights

• Gross profit increased to ¥2,648 million, while selling, general and administrative expenses rose to ¥1,517 million.

• Basic earnings per share for the quarter was ¥63.49, down from ¥66.59 in the prior year.

• Total assets grew to ¥20,361 million as of March 31, 2025, up from ¥19,800 million at the end of December 2024.

• Equity-to-asset ratio was 66.7% as of March 31, 2025.

• Operating profit margin declined to 11.6% from 13.0% year-over-year.

Outlook and guidance

• Full-year 2025 net sales forecast is ¥36,100 million, up 6.3% year-over-year.

• Full-year operating profit forecast at ¥2,200 million, down 21.4% year-over-year.

• Full-year ordinary profit forecast at ¥2,300 million.

• Full-year profit attributable to owners of parent forecast at ¥1,570 million, down 22.8% year-over-year.

• No revisions to previously announced earnings or dividend forecasts.