Mansei (7565) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥17,182 million, a 10.5% decrease year-over-year due to production adjustments by major customers and changes in product distribution channels.

• Operating income declined 31.5% year-over-year to ¥760 million, and net income attributable to shareholders fell 24.4% to ¥612 million.

• The business environment remained challenging, with persistent high raw material costs and a slowdown in the Chinese market, despite steady demand for IT and decarbonization investments.

Financial highlights

• Gross profit for the period was ¥2,573 million, down from ¥2,937 million year-over-year.

• Comprehensive income for the period was ¥655 million, a 29.9% decrease year-over-year.

• EPS for the period was ¥284.75, compared to ¥354.26 in the previous year.

• Total assets at period-end were ¥20,186 million, down from ¥23,958 million at the previous fiscal year-end.

• Equity ratio remained stable at 56.7%.

Outlook and guidance

• Full-year revenue is forecast at ¥23,500 million, a 10.1% decrease year-over-year.

• Operating income is projected at ¥950 million (down 36.0%), and net income at ¥730 million (down 31.9%).

• No changes have been made to the previously announced earnings forecast.