Kuriyama (3355) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 7.3% year-over-year to ¥43.28 billion, while operating income declined 6.7% to ¥2.60 billion and ordinary income fell 5.5% to ¥2.94 billion.

• Net income attributable to parent increased 25.0% to ¥2.64 billion, boosted by a ¥651 million negative goodwill gain from the Mitoyo acquisition.

• The group completed the acquisition of Mitoyo, strengthening its industrial materials segment and expanding its global footprint.

• A new mid- and long-term management plan (KMP 2039) was announced, targeting sustainable growth toward the company’s centennial.

Financial highlights

• Gross profit increased to ¥13.45 billion from ¥12.82 billion year-over-year.

• EPS rose to ¥134.21 from ¥107.64 year-over-year.

• Comprehensive income dropped sharply to ¥669 million from ¥5.71 billion year-over-year, mainly due to foreign currency translation losses.

• Total assets grew 19.7% to ¥84.7 billion, with cash and deposits up by ¥3.88 billion.

Outlook and guidance

• Full-year guidance remains unchanged: revenue ¥90.0 billion (+9.1% YoY), operating income ¥4.0 billion (+11.9%), net income ¥3.6 billion (+1.6%).