West Holdings Corporation (1407) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 was ¥5,265 million, a 40.6% decrease year-over-year, with operating profit at ¥221 million, down 83.1%.

• Net loss attributable to shareholders was ¥122 million, compared to a profit of ¥820 million in the prior year.

• The company is focusing on non-FIT renewable energy and large-scale storage projects, with ongoing business structure reforms.

Financial highlights

• Operating profit fell to ¥221 million from ¥1,310 million year-over-year.

• Net loss for the quarter was ¥122 million, compared to a net profit of ¥820 million last year.

• Comprehensive loss was ¥125 million, versus a profit of ¥854 million in the prior year.

• EPS was -¥3.09, down from ¥20.17 year-over-year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥56,418 million, with net profit guidance of ¥8,010 million.

• No revision to previously announced earnings or dividend forecasts.