Tigers Polymer (4231) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥35,206 million, down 5.1% year-over-year; operating income fell 35.7% to ¥1,933 million; net income attributable to shareholders dropped 49.0% to ¥1,304 million.

• Global economic uncertainty, rising raw material and energy costs, and currency volatility impacted results, despite some recovery in domestic demand.

Financial highlights

• Gross profit for the period was ¥7,194 million, with a gross margin of 20.4%, down from 21.5% year-over-year.

• Operating margin declined to 5.5% from 8.1% year-over-year.

• EPS for the period was ¥65.79, compared to ¥128.50 in the prior year.

• Total assets increased to ¥57,835 million, and equity ratio improved to 70.5%.

Outlook and guidance

• Full-year guidance remains unchanged: revenue forecast at ¥46,000 million (+3.9% YoY), operating income ¥2,200 million (+31.1% YoY), net income ¥1,600 million (+47.0% YoY), and EPS ¥80.78.

• Dividend forecast for the year is ¥32.00 per share at year-end, totaling ¥47.00 for the year.