Iwatani (8088) investor relations material

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 2.7% year-over-year to 641.1 billion yen, driven by strong industrial and materials segment sales and new consolidation effects.

• Operating profit declined 24.4% year-over-year to 20.4 billion yen, mainly due to lower helium profitability, LPG import price fluctuations, and higher SG&A expenses.

• Ordinary profit fell 21.0% year-over-year to 29.5 billion yen.

• Profit attributable to owners of parent increased slightly by 0.9% year-over-year to 26.7 billion yen, supported by gains on sale of non-current assets.

• Comprehensive income surged 61.1% year-over-year to 41.02 billion yen, reflecting significant valuation gains on available-for-sale securities.

Financial highlights

• Net sales: 641.1 billion yen (+2.7% YoY); Operating profit: 20.4 billion yen (−24.4% YoY); Ordinary profit: 29.5 billion yen (−21.0% YoY); Profit attributable to owners of parent: 26.7 billion yen (+0.9% YoY).

• Gross profit increased slightly by 0.4% year-over-year to 165.54 billion yen.

• Basic earnings per share for the period was 116.32 yen.

• Total assets increased to 902.99 billion yen, and net assets rose to 422.54 billion yen, with an equity ratio of 45.5%.

• Interest-bearing debt increased by 9.04 billion yen to 273.49 billion yen.

Outlook and guidance

• Full-year net sales forecast revised to 888.0 billion yen (up 0.6% YoY, down 5.2% from original), with operating profit forecast at 35.8 billion yen (down 22.5% YoY, down 27.1% from original).

• Ordinary profit is projected at 48.2 billion yen (down 21.6%), and profit attributable to owners of parent at 40.5 billion yen (up 0.1%, down 17.0% from original forecast).

• Basic earnings per share forecast for the full year is 175.96 yen.

• Dividend forecast maintained at 47.0 yen per share for the year.