Kuriyama (3355) Q3 2025 earnings summary

Executive summary

• Consolidated net sales for the nine months ended September 30, 2025, increased 12.2% year-over-year to ¥66,047 million, with net income attributable to shareholders up 30.9% to ¥3,612 million, driven by a one-time negative goodwill gain from the Mitoyo acquisition.

• Operating income declined 4.5% year-over-year to ¥3,680 million, while ordinary income rose 1.3% to ¥4,303 million.

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

Financial highlights

• Gross profit increased to ¥20,167 million from ¥18,574 million year-over-year.

• EPS rose to ¥183.87 from ¥140.83 year-over-year.

• Total assets grew 22.7% to ¥86,877 million, and net assets increased 3.6% to ¥46,760 million compared to the previous year-end.

• Cash and equivalents at period-end were ¥11,865 million, up ¥2,477 million from the previous year-end.

Outlook and guidance

• Full-year guidance remains unchanged: net sales of ¥90,000 million (+15.5% YoY), operating income of ¥4,000 million (−11.9% YoY), ordinary income of ¥4,800 million (−8.6% YoY), and net income attributable to shareholders of ¥3,600 million (+1.6% YoY).

• Annual dividend forecast is ¥55.00 per share.