Round One (4680) Q3 2025 earnings summary

Executive summary

• Consolidated ordinary profit for FY2025.3 3Q rose 23.9% year-over-year to ¥16.40bn, with profit up 17.5% to ¥11.21bn.

• Sales growth was driven by both Japan and US operations, with notable expansion in amusement and food segments.

• The US segment saw strong new store performance and higher operating months, offsetting increased personnel and amusement prize expenses.

• Store network expanded to 158 globally, with 6 new US stores and 1 in Japan opened during the period.

• Comprehensive income reached ¥12.82bn, up 17.4% year-over-year.

Financial highlights

• Total sales for FY2025.3 3Q reached ¥126.63bn, up 11.7% year-over-year; gross profit increased 20.1% to ¥20.77bn.

• Operating profit rose 20.5% to ¥16.08bn; ordinary profit margin improved to 13.0% from 11.7% a year ago.

• Profit before income taxes was ¥16.25bn (+18.3% YoY); net profit was ¥11.21bn (+17.5% YoY).

• Adjusted EBITDA for the full year is projected at ¥48.1bn, up from ¥44.9bn in the previous year.

• Basic earnings per share rose to ¥41.55 from ¥35.29 year-over-year.

Outlook and guidance

• FY2025.3 full-year plan targets consolidated sales of ¥171.31bn and ordinary profit of ¥25.06bn (14.6% margin).

• Operating profit projected at ¥25.70bn, a 6.2% increase year-over-year.

• Profit attributable to owners of parent expected to reach ¥17.00bn, up 8.5% year-over-year.

• US store expansion to continue, aiming for 20 new stores per year, including food hall formats.

• Price revisions of 4% are under consideration in both Japan and the US.