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Unicharm (8113) investor relations material
Unicharm Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated net sales for the first nine months of FY2025 were ¥694,225 million, down 3.9% year-over-year, with core operating income at ¥86,649 million, down 16.4% year-over-year, reflecting a reaction to the previous year's record performance and strategic investments in Asia.
Profit attributable to owners of parent increased by 2.0% year-over-year to ¥60,716 million, supported by improved net financial and insurance benefit income.
Overseas markets faced challenges from economic uncertainty, increased price competition, and reputational issues in China, while Middle East and North America showed strong demand.
In Japan, steady demand for daily necessities and product innovation supported stable performance.
Strategic investments in Asia began to yield positive results in the third quarter, with revenue and profit growth in the region from July to September.
Financial highlights
Net sales: ¥694,225 million (down 3.9% YoY); core operating income: ¥86,649 million (down 16.4% YoY); EBITDA: ¥128.9 billion (down 4.8% YoY).
Profit attributable to owners of parent: ¥60,716 million (up 2.0% YoY); base EPS: ¥34.68 (up 2.8% YoY), reflecting a 3-for-1 stock split.
Gross profit for the period was ¥271,553 million, down from ¥284,642 million year-over-year.
Gross profit margin improved by 0.6 percentage points in Q3, despite a 0.3 point deterioration for the nine-month period.
Exchange rate fluctuations reduced sales by ¥11.9 billion and core operating income by ¥0.5 billion.
Outlook and guidance
FY2025 full-year forecast: net sales ¥974,000 million (up 4.0% YoY), core operating income ¥120,000 million (down 13.3% YoY), profit attributable to owners of parent ¥85,100 million (down 5.6%), and basic EPS ¥48.91.
Q4 is progressing as planned, with high growth in Japan and North America and gradual recovery in China and Thailand.
Continued focus on e-commerce and new product launches in Asia.
No changes to the previously announced forecast.
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