Ishihara Sangyo Kaisha (4028) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 FY2025 rose 7.0% year-over-year to ¥105,422 million, with operating income up 54.4% to ¥3,834 million and ordinary income up 6.6% to ¥5,631 million.

• Net income declined 36.7% year-over-year to ¥1,799 million, and comprehensive income dropped 67.1% to ¥1,753 million.

• Earnings per share for Q3 FY2025 was ¥47.08, down from ¥74.44 in the prior year.

Financial highlights

• Gross profit increased to ¥25,301 million from ¥21,534 million year-over-year.

• Selling, general, and administrative expenses rose to ¥21,467 million from ¥19,050 million.

• Total assets as of December 31, 2024, were ¥219,145 million, with net assets at ¥105,291 million and a capital adequacy ratio of 48.0%.

• Depreciation and amortization for the nine months ended December 31, 2024, totaled ¥3,676 million.

Outlook and guidance

• Full-year FY2025 net sales are forecast at ¥148,000 million, up 6.9% year-over-year.

• Operating income is projected at ¥10,000 million (down 13.0%), ordinary income at ¥9,500 million (down 36.0%), and net income at ¥6,000 million (down 24.9%).

• Annual dividend forecast is ¥85.00 per share, up from ¥70.00 in the previous year.