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Orion Breweries (409) investor relations material
Orion Breweries Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q3 FY2026 were ¥23.57bn (105% YoY), with operating profit at ¥4.18bn (120% YoY) and net income attributable to owners at ¥3.50bn, boosted by extraordinary income from the sale of Orion Hotel Naha and share buybacks.
Both Alcoholic & Beverages and Tourism & Hotel segments showed strong performance, with the former contributing the majority of sales and profit.
Full-year sales forecast was slightly revised down due to the Asahi GHD system failure, but profit forecasts were revised upward on cost reductions, licensing gains, and improved margins.
Extraordinary income from asset sales and share buybacks contributed to a significant increase in net income and EPS.
Financial highlights
Q3 net sales: ¥23.57bn (105% YoY), operating profit: ¥4.18bn (120% YoY), EBITDA: ¥5.37bn (110% YoY), and gross profit: ¥12.43bn (gross margin 52.8%).
Net profit attributable to owners: ¥3.50bn; adjusted net income: ¥2.83bn (111% YoY); basic EPS: ¥85.53.
EBITDA margin improved by 2.9% YoY, driven by both business segments.
Cash dividends per share: ¥20 (interim), annual forecast unchanged at ¥40; dividend payments during the period totaled ¥4.49bn.
Extraordinary income of ¥1.06bn was recorded, mainly from the sale of Orion Hotel Naha.
Outlook and guidance
Full-year net sales forecast: ¥29.68bn (103% YoY), operating profit: ¥4.16bn (120% YoY), EBITDA: ¥5.75bn (110% YoY), and net income at ¥3.47bn.
Basic EPS for the full year is projected at ¥83.99.
The forecast revision reflects a slight decrease in sales but higher profit expectations due to improved margins and cost control.
Net income expected to decrease YoY due to lower extraordinary gains, but adjusted net income to rise.
Q4 operating loss anticipated due to seasonal factors and deferred costs.
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