CE Holdings (4320) Q3 2025 earnings summary

Executive summary

• Achieved record-high revenue and profits for the third quarter, with net sales rising 12.8% year-over-year to ¥12,320 million and operating profit up 68.9% to ¥1,195 million.

• Net income turned positive, reaching ¥655 million from a ¥168 million loss in the prior year period.

• Earnings per share improved to ¥42.37, up from a loss per share of ¥11.17.

Financial highlights

• Revenue rose 12.8% year-over-year to ¥12,320 million in Q3, with gross profit improving to ¥2,795 million.

• Operating income increased 68.9% to ¥1,195 million; ordinary income up 68.7% to ¥1,205 million.

• Net income improved from a ¥168 million loss to ¥655 million profit year-over-year.

• Earnings per share reached ¥42.37, up from a loss per share of ¥11.17 in the prior year.

• Orders and order backlog both reached record or near-record levels.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥15,200 million (+4.4% YoY), with net income forecast sharply raised to ¥1,550 million, reflecting special gains from partial sale of Micron shares.

• Operating and ordinary income forecasts slightly lowered due to Micron's exclusion from Q4 consolidation, but full-year operating and ordinary profit both projected at ¥1,400 million, up 21.9% year-over-year.

• Full-year earnings per share forecasted at ¥98.66.

• Year-end dividend forecast raised to ¥22.00 per share.

• Expectation of record-high revenue, operating income, and net income for the full year.