MATSUDA SANGYO (7456) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 24.3% year-over-year to ¥222,170 million, with operating profit up 23.5% to ¥6,278 million and profit attributable to owners of parent up 13.8% to ¥4,622 million.

• The Precious Metals segment saw strong growth due to increased recycling volume and stable or higher gold and silver prices, while the Food segment improved operating profit through cost optimization despite lower sales.

• Full-year forecasts were revised upward, reflecting robust results and positive market trends.

Financial highlights

• Net sales rose to ¥222,170 million, up 24.3% year-over-year for the first half.

• Operating profit increased by 23.5% to ¥6,278 million; ordinary profit up 12.0% to ¥6,580 million.

• Profit attributable to owners of parent grew 13.8% to ¥4,622 million.

• Gross profit increased to ¥17,333 million from ¥15,467 million year-over-year.

• Cash and cash equivalents at period end were ¥13,735 million, up from ¥10,600 million.

Outlook and guidance

• Full-year net sales forecast revised to ¥440,000 million, a 22.0% increase year-over-year.

• Operating profit forecast raised to ¥11,700 million (+25.1% YoY); EPS expected at ¥337.61 (+20.5% YoY); profit attributable to owners of parent forecast at ¥8,750 million (+20.1% YoY).

• Annual dividend forecast raised to ¥70.00 per share.

• ROE projected at 9.0% for FY3/25.