SRA Holdings (3817) Q2 2025 earnings summary

Executive summary

• Consolidated net sales for 2Q FY2025 rose 5.5% year-over-year to ¥23,849 million, with operating profit up 10.6% to ¥3,615 million and net profit attributable to owners down 28.5% to ¥2,062 million.

• Ordinary profit grew 17.5% year-over-year to ¥4,604 million.

• Comprehensive income surged 52.8% year-over-year to ¥3,374 million.

• Non-consolidated net sales increased 2.2% year-over-year to ¥11,014 million, with operating profit up 14.3% to ¥1,931 million and net profit down 1.0% to ¥2,389 million.

Financial highlights

• Gross profit margin improved to 25.9% from 25.5% year-over-year on a consolidated basis.

• SG&A expenses ratio declined to 10.8% of sales, supporting higher operating margins.

• Net profit per share decreased to ¥163.48 from ¥231.99 year-over-year.

• Cash and deposits at period-end increased 9.6% year-over-year to ¥15,950 million.

• Total assets stood at ¥47,126 million, with net assets at ¥31,618 million as of September 30, 2024.

Outlook and guidance

• Orders received grew 12.4% year-over-year to ¥25,264 million, with backlog up 24.3% to ¥16,591 million, indicating strong demand for future quarters.

• Full-year fiscal 2025 net sales forecast at ¥49,500 million, up 5.0% year-over-year.

• Operating profit projected at ¥7,300 million, up 5.7% year-over-year.

• Ordinary profit expected to decrease 14.3% to ¥7,350 million.

• Profit attributable to owners of parent forecast at ¥4,600 million, nearly flat year-over-year.