Takashima <8007> announced its consolidated financial results for the second quarter of the fiscal year ending in March 2025 (April-September 24), with revenue increasing by 10.4% to 46.392 billion yen compared to the same period last year, operating profit decreasing by 8.9% to 0.908 billion yen, ordinary profit decreasing by 27.6% to 0.833 billion yen, and net income attributable to the parent company shareholders decreasing by 32.0% to 0.482 billion yen.
The revenue of the building materials segment increased by 14.7% to 30.178 billion yen compared to the same period last year, with segment profit decreasing by 31.1% to 0.67 billion yen. The construction materials sector saw an increase in revenue due to winning large-scale projects and the contribution from Iwashui Development, a consolidated subsidiary acquired in June 2023, shifting from a two-month contribution in the previous period to a six-month contribution in the current period. However, the insulation materials sector saw a decrease in shipments in the housing market, and the renewable energy materials sector experienced a decrease in revenue due to a reassessment of sales channels. On the other hand, segment profit declined in the construction materials sector due to decreased profitability of some properties and increased indirect expenses in this segment from transferring Takashima's industrial materials business to a subsidiary.
The revenue of the industrial materials segment increased by 4.2% to 8.547 billion yen, with segment profit increasing by 29.3% to 0.441 billion yen. The resin-related materials sector saw an expansion in orders primarily for logistics materials for automobile components, electronic equipment, and precision instrument components, but experienced a decline in revenue due to the sale of Takashima Robot Marketing in April 2024. However, the fiber-related materials sector saw an increase in revenue driven by the recovery of heavy fabric-related products, particularly truck materials, and an expansion in demand for equipment for the Ministry of Defense, contributing to overall segment revenue growth and profit increase.
The revenue of the electronic devices segment increased by 3.6% to 7.682 billion yen, with segment profit increasing by 76.8% to 0.363 billion yen. In the device sector, increased orders and revenue were driven by shipments of accumulated product inventory following changes in consumer trends post-COVID, and by shipments of accumulated component inventory to key customers driven by the rebound from electronic component supply shortages. The assembly field also saw revenue growth due to the strong performance of digital camera-related and air conditioner-related products.
Regarding the consolidated performance forecast for the fiscal year ending March 2025, the revenue is projected to increase by 4.3% to 94 billion yen compared to the previous period, operating profit is expected to increase by 14.4% to 2 billion yen, ordinary profit to decrease by 0.2% to 2 billion yen, and the net income attributable to the parent company's shareholders is expected to decrease by 66.9% to 1.6 billion yen, maintaining the initial plan.