MISUMI Group (9962) Q3 2025 earnings summary

Executive summary

• Achieved record net sales of 301.6 billion yen for the first nine months of FY2024, up 10.5% year-over-year, driven by demand recovery and unique measures, with foreign exchange effects contributing.

• Operating income rose 25.1% to 36.2 billion yen, and net income attributable to owners of parent increased 25.6% to 28.2 billion yen, despite ongoing investments in HR, IT, and growth-related expenditures.

• Growth was driven by robust demand in manufacturing, especially in China (+33.0% YoY), Asia (+14.1% YoY), and Japan, while Europe and the US saw subdued conditions.

• Profitability improved despite ongoing investments in HR and IT infrastructure for business model innovation.

Financial highlights

• Net sales: 301.6 billion yen (+10.5% YoY); operating income: 36.2 billion yen (+25.1% YoY); net income: 28.2 billion yen (+25.6% YoY).

• Ordinary income increased 24.9% to 38.9 billion yen year-over-year.

• Gross profit for the nine months was 140.8 billion yen, up from 123.8 billion yen year-over-year.

• Net income per share was 101.59 yen, up from 79.53 yen in the prior year period.

• Comprehensive income for the period was 37.3 billion yen, a 16.6% increase year-over-year.

Outlook and guidance

• Full-year forecast: net sales 401.2 billion yen (+9.1% YoY), operating income 49.1 billion yen (+28.0% YoY), ordinary income 51.6 billion yen (+25.0% YoY), net income 37.1 billion yen (+31.8% YoY), EPS 134.67 yen.

• No revision to full-year forecast; any significant changes will be disclosed promptly.

• High profitability to be maintained through assertive measures and rigorous income management.

• Exchange rate sensitivity: 1% currency fluctuation impacts sales by 2 billion yen and operating income by 0.6 billion yen.