MISUMI Group (9962) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months of FY2025 increased 6.3% year-over-year to ¥320.7 billion, driven by Digital MODEL initiatives and robust demand in telecommunications and semiconductor sectors, especially in China and Asia.

• Operating income declined 10.7% year-over-year to ¥32.3 billion, impacted by M&A costs, goodwill amortization, growth expenditures, and exchange rates.

• Net income dropped 18.4% year-over-year to ¥23.0 billion.

• Comprehensive income rose to ¥42,278 million, up from ¥37,320 million in the prior year period.

Financial highlights

• Net sales for the first nine months rose to ¥320.7 billion, up 6.3% year-over-year.

• Gross profit increased to ¥148,904 million from ¥140,825 million year-over-year.

• Operating income declined 10.7% year-over-year to ¥32.3 billion, with a margin of 10.1%.

• Net income per share was ¥84.48, down from ¥101.59 in the previous year.

• EBITDA for the third quarter ended December 2025 was ¥46.8 billion.

Outlook and guidance

• Full-year FY2025 net sales forecast revised upward to ¥440.0 billion (+9.5% YoY), with operating income forecast at ¥46.2 billion and net income at ¥33.9 billion.

• Operating income margin is expected to remain at 10.5%, in line with previous guidance.

• Net income per share forecast at ¥125.11; dividend per share forecast revised to ¥44.06 for the fiscal year ending March 31, 2026.