Serendip Holdings <7318> announced its consolidated financial results for the first quarter of the fiscal year ending in March 2025 (April-June 2024) on the 7th. Sales increased by 4.6% YoY to 4.804 billion yen, operating profit increased by 20.9% YoY to 0.144 billion yen, ordinary profit increased by 17.8% YoY to 0.198 billion yen, and quarterly net profit attributable to the parent company shareholders decreased by 37.0% YoY to 0.105 billion yen.
The sales of the manufacturing business increased by 2.4% YoY to 4.44 billion yen, and the segment profit decreased by 17.7% YoY to 0.137 billion yen. "Automotive Supplier (manufacturing of automotive interior and exterior parts, manufacturing of automotive precision parts)" was affected by the production and shipment stoppage of some car models, although domestic production of auto manufacturers continues at a high level. "FA device manufacturing" has not seen a significant recovery in equipment investments by major customers, resulting in a delay in order confirmation. "Prototype production" is making steady progress with increasing orders due to expanded sales channels through synergy between the group companies. "Beauty Tech" acquired all shares of Ladybird and made it a consolidated subsidiary as of March 25, 2024, and has been included in the cumulative consolidated period since the beginning of this first quarter.
Sales of the Professional Solution business increased by 38.6% to 0.461 billion yen, and the segment loss was 0.008 billion yen (compared to a loss of 0.044 billion yen in the same period last year). "Consulting" has a social background where mid-sized and small manufacturing companies with succession and management issues are expected to increase in the future, and there is an increase in the introduction of succession and business revitalization cases from mid-sized and small manufacturing companies to our company. In addition, the increase in demand for IT consulting due to the increase in the reconstruction of core systems of mid-sized and small companies and the recognition of sales of co-robot introduction consulting have contributed to an 86.4% increase in sales in the company's consulting business division, which has become a factor in the revenue increase of the segment.
Sales of the Investment business increased by 74.5% to 0.055 billion yen, and the segment profit was 0.014 billion yen (compared to a loss of 0.003 billion yen in the same period last year). In order to respond quickly to business succession issues, we have been focusing on discovering and developing projects. We have been actively promoting business succession support services for manufacturing companies and corporate management support such as financial advisory services, and the increase in financial advisory sales has contributed to increased revenue and profit. In addition, we received fees for the management of the "Japan Manufacturing Business Succession Fund No. 1 Investment Business Limited Liability Partnership" established in February 2023.
The consolidated performance forecast for the fiscal year ending in March 2025 maintains the initial plan, with sales expected to increase by 10.2% YoY to 21.8 billion yen, operating profit expected to increase by 67.4% YoY to 0.8 billion yen, ordinary profit expected to increase by 23.3% YoY to 0.735 billion yen, and net income for the period attributable to the parent company shareholders expected to increase by 5.2% YoY to 0.546 billion yen.