MATSUDA SANGYO (7456) Q1 2025 earnings summary

Executive summary

• Net sales rose 26.2% year-over-year to ¥111.7 billion in 1Q FY3/25, with operating profit up 29.3% to ¥3.1 billion and net income up 27.6% to ¥2.5 billion.

• The Precious Metals segment drove growth, benefiting from increased recycling volume and stable gold prices, while the Food segment improved margins despite lower sales and saw higher seafood sales but lower livestock/agricultural sales.

Financial highlights

• Operating margin improved slightly to 2.8% from 2.7% year-over-year.

• Earnings per share increased 28.4% to ¥99.5.

• Total assets grew to ¥157.6 billion, up ¥8.7 billion from March 2024.

• Ordinary profit increased 28.0% year-over-year to ¥3,731 million.

• Comprehensive income grew 29.9% year-over-year to ¥3,639 million.

Outlook and guidance

• Full-year forecasts project net sales of ¥380.0 billion, operating profit of ¥10.0 billion, and EPS of ¥293.2, with no revisions to previously announced guidance.