Ebara (6361) Q3 2025 earnings summary

Executive summary

• Orders, revenue, operating profit, and profit attributable to owners reached record highs for the first nine months of FY25, with all segments showing revenue growth and notable increases in Environmental and Precision Machinery segments despite a slowdown in China.

• The full-year consolidated forecast was revised upward for orders, revenue, operating profit, and profit attributable to owners, with basic EPS projected at ¥160.25 after a 5-for-1 stock split effective July 1, 2024.

• Limited impact from US tariff policies; ¥10.2 billion of treasury shares repurchased under a ¥20 billion buyback program as of October 31, 2025.

• All business segments saw revenue growth, with Environmental and Precision Machinery segments leading.

• Major acquisition agreement for Mitsubishi Electric's motor and pump businesses in Japan and Thailand, expected to complete in 2026, to enhance energy-saving solutions and global production.

Financial highlights

• Orders for FY25 1-3Q rose 5.7% year-over-year to ¥680.1 billion; revenue increased 9.8% to ¥663.5 billion; operating profit grew 16.2% to ¥69.5 billion, with an OP ratio of 10.5%.

• Basic EPS for the nine months was ¥96.76, up from ¥88.87 year-over-year, reflecting the stock split.

• Gross profit for the nine months was ¥212.1 billion, up from ¥196.9 billion year-over-year.

• Total assets as of September 30, 2025, were ¥1,048.3 billion, up ¥43.2 billion from December 31, 2024.

• Equity attributable to owners of parent was ¥479.9 billion, with a ratio of 45.8%.

Outlook and guidance

• Full-year forecast revised upward: orders to ¥944.0 billion (+9.7% YoY), revenue to ¥927.0 billion (+7.0%), operating profit to ¥110.0 billion (+12.3%), and profit attributable to owners to ¥74.0 billion (+3.6%), with dividend forecast at ¥56.00 per share.

• Environmental and Precision Machinery segments are expected to drive growth, with revised segment forecasts reflecting higher orders and revenue.

• Segment forecasts: upward revisions for Environmental Solutions and Infrastructure, downward for Precision Machinery and Building Service & Industrial.