Shinnihon (1879) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, increased by 4.2% year-over-year to ¥83,911 million.

• Operating income decreased by 1.8% year-over-year to ¥9,857 million.

• Net income attributable to owners of parent declined by 2.4% year-over-year to ¥6,821 million.

• Comprehensive income fell by 3.9% year-over-year to ¥6,838 million.

Financial highlights

• Gross profit remained stable at ¥13,393 million, up slightly from ¥13,355 million year-over-year.

• Basic earnings per share for the nine months was ¥116.63, down from ¥119.52 year-over-year.

• Equity-to-asset ratio improved to 69.1% as of December 31, 2024, from 67.3% at the previous fiscal year-end.

• Total assets were ¥168,036 million, nearly unchanged from ¥168,154 million as of March 31, 2024.

• Net assets increased to ¥116,190 million from ¥113,095 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2025, is ¥135,000 million, up 1.1% year-over-year.

• Operating income and ordinary income are both forecast at ¥17,700 million, up 0.7% and 0.2% year-over-year, respectively.

• Net income attributable to owners of parent is projected at ¥12,300 million, up 0.1% year-over-year.

• Basic earnings per share for the full year is forecast at ¥210.29.

• Dividend forecast revised to ¥56.00 per share for the fiscal year ending March 31, 2025.