Takashima <8007> announced consolidated financial results for the 2nd quarter (24/4/9) of the fiscal year ending 2025/3 on the 12th. Sales increased 10.4% from the same period last year to 46.392 billion yen, operating profit decreased 8.9% to 0.908 billion yen, ordinary profit decreased 27.6% to 0.833 billion yen, and interim net profit attributable to parent company shareholders decreased 32.0% to 0.482 billion yen.
Sales in the building materials segment increased 14.7% from the same period last year to 30.178 billion yen, and segment profit decreased 31.1% to 0.67 billion yen. In the construction materials sector, sales increased due to the acquisition of large properties and the fact that what contributed 2 months in the same period last year to Iwamizu Development, which became a consolidated subsidiary in 2023/6, contributed 6 months for the current fiscal year. However, in the insulation materials field, shipments were sluggish in the housing market, and in the renewable energy materials field, sales declined due to a review of sales destinations to focus on. Meanwhile, segment profit declined due to declining profitability of some properties in the construction materials field and an increase in the burden of indirect expenses in this segment due to the transfer of Takashima's industrial materials business to a subsidiary.
Sales in the industrial materials segment increased 4.2% to 8.547 billion yen, and segment profit increased 29.3% to 0.441 billion yen. In the resin-related materials field, orders expanded mainly for automotive parts and logistics materials for electronic equipment and precision equipment components, but sales declined due to the sale of Takashima Robot Marketing in 2024/4. However, in the textile-related materials field, sales increased due to the demodulation of heavy fabric-related products centered on truck materials and the expansion of demand for equipment for the Ministry of Defense. As for the segment as a whole, an increase in sales in the textile-related materials field contributed to an increase in profits.
Sales in the electronics and devices segment increased 3.6% to 7.682 billion yen, and segment profit increased 76.8% to 0.363 billion yen. In the device field, the number of orders received increased and sales increased due to the fact that shipments of product inventory that had been piled up throughout the market progressed due to changes in consumption trends after COVID-19, and shipments of parts inventory accumulated to major customers progressed due to the reaction of insufficient supply of electronic components. Also, in the assembly field, sales increased due to steady trends in digital camera-related and air conditioning-related products.
Regarding the full-year consolidated earnings forecast for the fiscal year ending March 31, 2025, the initial plan is unchanged, with sales rising 4.3% from the previous fiscal year to 94 billion yen, operating income up 14.4% to 2 billion yen, ordinary income falling 0.2% to 2 billion yen, and net income attributable to parent company shareholders falling 66.9% to 1.6 billion yen.