Ryoden Corporation Reports 21.1% Drop in Net Sales and 15.0% Decline in Net Income for FY Ending March 31, 2025; EPS Falls to 187.01 Yen
Ryoden Corporation reported a 21.1% drop in net sales to ¥179.588 billion and a 15.0% decline in net income to ¥4.092 billion for the fiscal year ending March 31, 2025. Operating income fell by 40.6% to ¥4.172 billion, while ordinary income decreased by 29.6% to ¥4.989 billion. Earnings per share (EPS) dropped to ¥187.01 from ¥220.30. The decline is attributed to the cessation of sales of Renesas Electronics products, significantly affecting revenue. No earnings forecast was provided for the upcoming fiscal year.
Ryoden Corporation has released its non-consolidated financial results for the fiscal year ended March 31, 2025, reporting a notable decline in key financial metrics compared to the previous year. The company's net sales amounted to ¥179.588 billion, reflecting a decrease of ¥48.040 billion or 21.1% from the prior fiscal year. Operating income was ¥4.172 billion, down by ¥2.854 billion or 40.6%. Ordinary income saw a reduction of ¥2.101 billion, registering at ¥4.989 billion, marking a 29.6% decline. Meanwhile, net income for the fiscal year stood at ¥4.092 billion, a decrease of ¥722 million or 15.0%. The earnings per share (EPS) also dropped to ¥187.01 from ¥220.30 in the previous period. The decrease in financial performance is primarily attributed to the termination of sales of Renesas Electronics Corporation products as of March 31, 2024. This development significantly impacted Ryoden's revenue streams for the reported period. The company did not provide a non-consolidated earnings forecast for the fiscal year, thus the comparisons are made with the actual results from the previous year.
