Takara Holdings (2531) Q3 2025 earnings summary

Executive summary

• Net sales rose 5.3% year-over-year to ¥266,935 million for the nine months ended December 31, 2024, but operating income fell 16.1% to ¥14,909 million and net income attributable to owners decreased 6.7% to ¥13,002 million, mainly due to higher SG&A expenses and extraordinary income from asset sales.

• Comprehensive income dropped sharply by 70.9% year-over-year to ¥9,932 million, reflecting significant declines in valuation differences on available-for-sale securities.

Financial highlights

• Gross profit increased 3.7% year-over-year to ¥87,523 million, while SG&A expenses rose 9.0% to ¥72,614 million.

• Ordinary income decreased 14.6% year-over-year to ¥16,066 million.

• Net income per share was ¥66.59, down from ¥70.55 in the prior year period.

• Total assets increased to ¥458,614 million, and equity ratio declined to 50.7% from 52.3% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast remains at ¥362,000 million, but operating income guidance was revised down by 17.5% to ¥21,200 million, and net income guidance was reduced by 7.6% to ¥15,900 million.

• Net income per share forecast is ¥81.43, down from the previous forecast of ¥88.09.

• Dividends per share are forecast at ¥31.00 for the year-end, up from ¥29.00 in the prior year.