Sanoh Industrial (6584) investor relations material

Executive summary

• Net sales for Q3 FY25 were ¥117,194 million, down 2.3% year-over-year, mainly due to weak sales in Europe and China and adverse currency effects in the Americas, despite new project launches in Japan.

• Operating income rose 0.8% year-over-year to ¥3,649 million, supported by gains in Japan and cost reductions in Europe and China.

• Net income attributable to shareholders increased 45.8% to ¥1,613 million, driven by a gain on negative goodwill from a Mexican subsidiary acquisition, offsetting losses from subsidiary liquidation and restructuring.

Financial highlights

• Net sales: ¥117,194 million (down 2.3% year-over-year).

• Operating income: ¥3,649 million (up 0.8% year-over-year).

• Ordinary income: ¥2,658 million (down 13.4% year-over-year, impacted by foreign exchange losses).

• Comprehensive income rose to ¥2,824 million from ¥90 million year-over-year.

• Earnings per share for the period was ¥45.05, up from ¥30.91 in the prior year.

Outlook and guidance

• Full-year sales forecast: ¥147,000 million, up 7.9% year-over-year.

• Full-year operating income forecast: ¥5,500 million (up 13.2%).

• Full-year net income forecast: ¥1,800 million (up 144.3%).

• No changes to previously announced earnings forecasts.