Bunka Shutter (5930) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months ended December 31, 2024, rose 3.7% year-over-year to ¥159,943 million, with profit attributable to owners of parent up 6.6% to ¥5,967 million, despite declines in operating and ordinary profit.

• The Japanese economy showed moderate recovery, but outlook remains uncertain due to geopolitical risks and rising costs; construction demand is firm but new housing starts are weak.

Financial highlights

• Operating profit decreased 1.8% year-over-year to ¥8,174 million; ordinary profit fell 6.4% to ¥8,484 million.

• Comprehensive income dropped 25.8% year-over-year to ¥5,605 million.

• Basic earnings per share for the nine months was ¥83.88, compared to ¥84.71 in the prior year.

• Gross profit increased to ¥43,641 million from ¥41,255 million year-over-year.

Outlook and guidance

• Full-year net sales forecast revised to ¥230,000 million (up 4.0% year-over-year), with profit attributable to owners of parent projected at ¥13,200 million (up 24.7%).

• Basic earnings per share for the full year forecasted at ¥185.51.

• Dividend forecast maintained at ¥64.00 per share for the year.