Citizen Watch Co. (7762) Q3 2026 earnings summary

Executive summary

• Sales and profit increased for the nine months and third quarter ended December 31, 2025, with notable strength in Watches and Machine Tools, especially overseas.

• Net sales rose 6.4% year-over-year to ¥257.1 billion; operating profit up 25.5% to ¥23.9 billion; ordinary profit up 38.2% to ¥30.4 billion.

• Profit attributable to owners of parent was ¥22.2 billion, nearly flat year-over-year, as gains on investment securities were offset by extraordinary losses from custom duties.

• The consolidated financial forecast for FY2025 was revised upward, reflecting strong business momentum and favorable exchange rates.

• Devices and Components segment saw a decline in both sales and profit.

Financial highlights

• Nine-month net sales rose to ¥257.1 billion, up 6.4% year-over-year; operating profit increased 25.5% to ¥23.8 billion.

• Ordinary profit surged 38.2% to ¥30.3 billion; profit attributable to owners of parent remained flat at ¥22.2 billion.

• Third quarter net sales grew 14.9% year-over-year to ¥97.8 billion; operating profit jumped 62.5% to ¥10.8 billion.

• Gross profit increased to ¥112.4 billion from ¥104.3 billion year-over-year.

• Comprehensive income rose 43.9% year-over-year to ¥34.0 billion.

Outlook and guidance

• FY2025 full-year net sales forecast raised to ¥337.5 billion (+3.2% vs. previous forecast); operating profit forecast increased to ¥27.0 billion (+10.2%).

• Profit attributable to owners of parent forecasted at ¥24.0 billion; earnings per share projected at ¥98.41.

• Dividend forecast raised to ¥47.00 per share for the year ending March 31, 2026.

• Assumed exchange rates for 4Q: 1 USD = ¥150, 1 EUR = ¥180.