DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
July 11, 2025
Company name: Astena Holdings Co.,Ltd. Listing: Tokyo Stock Exchange
Securities code: 8095
URL: https://www.astena-hd.com
Representative: Satoshi Setoguchi, President&CEO Inquiries: Isamu Kamiyama, General Manager
Telephone: +81-3-3279-0481
Scheduled date to file semi-annual securities report: July 11, 2025
Scheduled date to commence dividend payments: August 8, 2025
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (For Institutional Investors and Analysts)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended May 31, 2025 (from December 1, 2024 to May 31, 2025)
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
May 31, 2025
30,102
7.2
2,222
65.2
2,149
56.3
1,288
82.8
May 31, 2024
28,091
4.6
1,345
551.6
1,375
388.5
704
-
Note: Comprehensive income For the six months ended May 31, 2025:
¥1,036 million
[30.5%]
For the six months ended May 31, 2024:
¥794 million
[-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
May 31, 2025
31.97
-
May 31, 2024
17.75
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
May 31, 2025
65,536
26,030
39.5
640.83
November 30, 2024
64,595
25,302
39.0
625.15
Reference: Equity
As of May 31, 2025: ¥25,870 million
As of November 30, 2024: ¥25,165 million
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended
November 30, 2024
-
9.00
-
9.00
18.00
Fiscal year ending November 30, 2025
-
9.00
Fiscal year ending November 30, 2025 (Forecast)
9.00
18.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending November 30, 2025 (from December 1, 2024 to November 30, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending November 30, 2025 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
64,000 | 10.4 | 3,100 | 10.1 | 2,900 | 3.4 | 1,800 | - | 44.63 | |
Note: Revisions to the earnings forecasts most recently announced: Yes
*NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements:None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2025
41,097,566 shares
As of November 30, 2024
40,982,832 shares
Number of treasury shares at the end of the period
As of May 31, 2025
728,000 shares
As of November 30, 2024
727,248 shares
Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)
Six months ended May 31, 2025 | 40,304,319 shares |
Six months ended May 31, 2024 | 39,724,673 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The above forecasts are based on information available as of the date of this release and assumptions such as forecasts of the future economic environment, and actual results may differ from the forecasts due to various factors in the future. For more information, see "1. Summary of Business Results, etc."
(Changing the display unit of the amount)
The amounts of items and other matters listed in the Company's interim consolidated financial statements were previously stated in units of 1 thousand yen, but have been changed to units of 1 million yen from the current interim consolidated accounting period. For ease of comparison, the previous fiscal year and the previous interim consolidated
accounting period have also been changed to millions of yen.
Semi-annual consolidated balance sheet(Millions of yen)
As of November 30, 2024 | As of May 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 6,101 | 6,339 |
Notes and accounts receivable - trade, and contract assets | 16,703 | 16,338 |
Electronically recorded monetary claims - operating | 4,643 | 5,055 |
Merchandise and finished goods | 6,136 | 7,372 |
Work in process | 1,866 | 1,712 |
Raw materials and supplies | 2,403 | 2,304 |
Other | 1,295 | 1,587 |
Allowance for doubtful accounts | (8) | (7) |
Total current assets | 39,141 | 40,702 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 10,560 | 10,674 |
Accumulated depreciation | (6,723) | (6,886) |
Buildings and structures, net | 3,837 | 3,787 |
Machinery, equipment and vehicles | 10,994 | 11,172 |
Accumulated depreciation | (9,045) | (9,241) |
Machinery, equipment and vehicles, net | 1,949 | 1,931 |
Land | 2,447 | 2,449 |
Other | 4,809 | 5,191 |
Accumulated depreciation | (3,390) | (3,552) |
Other, net | 1,418 | 1,638 |
Construction in progress | 2,266 | 2,522 |
Total property, plant and equipment | 11,920 | 12,329 |
Intangible assets | ||
Goodwill | 3,752 | 3,612 |
Technical assets | 439 | 421 |
Customer relationship | 1,617 | 1,515 |
Other | 1,085 | 1,077 |
Total intangible assets | 6,893 | 6,627 |
Investments and other assets | ||
Investment securities | 4,137 | 3,976 |
Retirement benefit asset | 1,071 | 1,091 |
Other | 1,454 | 832 |
Allowance for doubtful accounts | (23) | (23) |
Total investments and other assets | 6,639 | 5,876 |
Total non-current assets | 25,453 | 24,833 |
Deferred assets | ||
Organization expenses | 0 | 0 |
Total deferred assets | 0 | 0 |
Total assets | 64,595 | 65,536 |
(Millions of yen)
As of November 30, 2024 | As of May 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 9,272 | 9,087 |
Electronically recorded obligations - operating | 4,365 | 4,678 |
Short-term borrowings | 11,390 | 9,076 |
Accrued expenses | 3,166 | 3,499 |
Income taxes payable | 732 | 694 |
Provision for bonuses | 684 | 314 |
Provision for product warranties | 58 | 43 |
Provision for loss on disaster | 14 | 9 |
Other | 2,218 | 1,788 |
Total current liabilities | 31,903 | 29,194 |
Non-current liabilities | ||
Long-term borrowings | 3,445 | 6,923 |
Deferred tax liabilities | 909 | 414 |
Provision for share-based payments | 105 | 105 |
Retirement benefit liability | 2,403 | 2,363 |
Other | 526 | 504 |
Total non-current liabilities | 7,389 | 10,311 |
Total liabilities | 39,293 | 39,505 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,605 | 4,629 |
Capital surplus | 6,320 | 6,346 |
Retained earnings | 12,229 | 13,127 |
Treasury shares | (255) | (255) |
Total shareholders' equity | 22,900 | 23,848 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,388 | 1,229 |
Deferred gains or losses on hedges | (2) | (0) |
Foreign currency translation adjustment | 319 | 273 |
Remeasurements of defined benefit plans | 560 | 518 |
Total accumulated other comprehensive income | 2,265 | 2,021 |
Non-controlling interests | 136 | 160 |
Total net assets | 25,302 | 26,030 |
Total liabilities and net assets | 64,595 | 65,536 |
(Millions of yen)
Six months ended May 31, 2024 | Six months ended May 31, 2025 | |
Net sales | 28,091 | 30,102 |
Cost of sales | 18,900 | 19,213 |
Gross profit | 9,191 | 10,889 |
Selling, general and administrative expenses | 7,845 | 8,666 |
Operating profit | 1,345 | 2,222 |
Non-operating income | ||
Interest and dividend income | 28 | 30 |
Share of profit of entities accounted for using equity method | - | 9 |
Administrative service fee income | 0 | 65 |
Foreign exchange gains | - | 29 |
Other | 71 | 61 |
Total non-operating income | 100 | 195 |
Non-operating expenses | ||
Interest expenses | 32 | 71 |
Share of loss of entities accounted for using equity method | 8 | - |
Commission for syndicated loans | 6 | 46 |
Compensation for damage | - | 100 |
Foreign exchange losses | 2 | - |
Other | 20 | 50 |
Total non-operating expenses | 70 | 268 |
Ordinary profit | 1,375 | 2,149 |
Extraordinary income | ||
Gain on sale of non-current assets | 0 | 2 |
Gain on sale of investment securities | - | 8 |
Total extraordinary income | 0 | 10 |
Extraordinary losses | ||
Loss on sale of non-current assets | - | 0 |
Loss on disposal of non-current assets | 109 | 9 |
Loss on valuation of investment securities | 98 | - |
Loss on disaster | 33 | - |
Impairment losses | - | 118 |
Total extraordinary losses | 241 | 128 |
Profit before income taxes | 1,134 | 2,032 |
Income taxes - current | 423 | 549 |
Income taxes - deferred | 10 | 201 |
Total income taxes | 433 | 750 |
Profit | 701 | 1,281 |
Loss attributable to non-controlling interests | (3) | (7) |
Profit attributable to owners of parent | 704 | 1,288 |
(Millions of yen)
Six months ended May 31, 2024 | Six months ended May 31, 2025 | |
Profit | 701 | 1,281 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 77 | (158) |
Deferred gains or losses on hedges | (0) | 2 |
Foreign currency translation adjustment | 33 | (45) |
Remeasurements of defined benefit plans, net of tax | (17) | (42) |
Share of other comprehensive income of entities accounted for using equity method | 0 | (0) |
Total other comprehensive income | 93 | (244) |
Comprehensive income | 794 | 1,036 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 798 | 1,043 |
Comprehensive income attributable to non-controlling interests | (3) | (7) |
(Millions of yen)
Six months ended May 31, 2024 | Six months ended May 31, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 1,134 | 2,032 |
Depreciation | 1,124 | 1,156 |
Share-based payment expenses | 24 | 12 |
Impairment losses | - | 118 |
Increase (decrease) in allowance for doubtful accounts | (3) | (1) |
Increase (decrease) in provision for bonuses | (174) | (368) |
Increase (decrease) in provision for product warranties | 3 | (15) |
Increase (decrease) in retirement benefit liability | (89) | (97) |
Interest and dividend income | (28) | (30) |
Interest expenses | 32 | 71 |
Foreign exchange losses (gains) | (20) | 0 |
Share of loss (profit) of entities accounted for using equity method | 8 | (9) |
Loss (gain) on sale of non-current assets | (0) | (1) |
Loss (gain) on disposal of non-current assets | 109 | 9 |
Loss (gain) on sale of investment securities | - | (8) |
Loss (gain) on valuation of investment securities | 98 | - |
Loss on disaster | 33 | - |
Decrease (increase) in accounts receivable - trade, and contract assets | (255) | (63) |
Decrease (increase) in inventories | 86 | (996) |
Increase (decrease) in trade payables | 670 | 136 |
Increase (decrease) in accrued expenses | 126 | 213 |
Increase (decrease) in accrued consumption taxes | 333 | (212) |
Other, net | (492) | (313) |
Subtotal | 2,720 | 1,632 |
Interest and dividends received | 28 | 30 |
Interest paid | (33) | (77) |
Income taxes paid | (475) | (605) |
Income taxes refund | 19 | 89 |
Net cash provided by (used in) operating activities | 2,259 | 1,069 |
(Millions of yen)
Six months ended May 31, 2024 | Six months ended May 31, 2025 | |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | (1,312) | (1,284) |
Proceeds from sale of property, plant and equipment | 1 | 2 |
Purchase of intangible assets | (111) | (203) |
Proceeds from sale of investment securities | - | 17 |
Purchase of investment securities | (93) | (61) |
Subsidies received | 8 | - |
Other, net | (30) | (42) |
Net cash provided by (used in) investing activities | (1,537) | (1,572) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (910) | (3,312) |
Proceeds from long-term borrowings | - | 5,000 |
Repayments of long-term borrowings | (623) | (523) |
Purchase of treasury shares | (6) | (0) |
Repayments of finance lease liabilities | (42) | (31) |
Proceeds from share issuance to non-controlling shareholders | 66 | 10 |
Dividends paid | (360) | (367) |
Net cash provided by (used in) financing activities | (1,877) | 775 |
Effect of exchange rate change on cash and cash equivalents | 24 | (33) |
Net increase (decrease) in cash and cash equivalents | (1,130) | 238 |
Cash and cash equivalents at beginning of period | 6,758 | 5,978 |
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation | (38) | - |
Cash and cash equivalents at end of period | 5,588 | 6,216 |