Shoei (7839) Q3 2025 earnings summary

Executive summary

• Net sales for the period declined 10.1% year-over-year to ¥22,933 million, with a 14.1% drop in units sold, but higher unit prices partially offset volume declines.

• Operating income decreased 14.5% year-over-year to ¥6,704 million, impacted by higher manufacturing costs and increased SG&A expenses.

• Profit attributable to owners of parent fell 17.7% year-over-year to ¥4,628 million.

Financial highlights

• Net sales decreased by ¥2,563 million compared to the same period last year.

• Operating income fell by ¥1,134 million year-over-year.

• Ordinary income dropped 17.8% year-over-year to ¥6,628 million.

• Gross profit for the nine months was ¥10,878 million, down from ¥11,820 million year-over-year.

• Net assets increased to ¥30,137 million as of June 30, 2025, up from ¥29,546 million at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast for FY ending September 30, 2025, remains unchanged: net sales ¥33,920 million, operating income ¥8,770 million, net income ¥6,220 million, EPS ¥118.38.

• Challenges persist in Europe and potential sales decline in the US due to higher tariffs; positive expectations for China.