Toppan Holdings Inc (TONPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Kurobe, the chief financial officer. Thank you very much for joining us today for fiscal 25 first quarter results briefing, despite your very busy schedule. Now let me proceed with the explanation of the financial results. Please turn to page two. This is the Q1 consolidated results. Net sales was 397.5 billion yen, 1.3% down year over year. Excluding the impact of acquisition costs and other items, non-GAAP operating profit increased by 15.3% to 16.1 billion yen. Non-GAAP profit attributable to the owner of the parent, excluding special gains such as from the sale of securities, increased by 16.8% to 9.3 billion yen, resulting in overall performance largely in line with the forecast. Key points are shown on the right side. Information and communication and living and industry reported increased revenue and profit, while electronics reported a decreased revenue and profit. I'll provide details of segment performance later. Please note that starting this fiscal year, we have changed the foreign exchange rate processing method from closing rate to the average rate for the period. We have retroactively adjusted the prior year figures. Unless otherwise stated, the prior year figures in the following pages reflect these adjustments. Please turn to page 3. I will now explain the changes in operating profit versus prior year. FX impact of 1.7 billion yen and infrastructure development costs of 0.3 billion yen affected the numbers negatively. In growth business, Erhard Cross contributed 0.1 billion yen. Business SX and overseas living and industry contributed 3.3 billion yen. The semiconductors had a negative impact of 1.4 billion yen. Regarding existing businesses, the structural reforms implemented last fiscal year had positive impact of 2.1 billion yen. As a result, G...