Airman (6364) Q3 2025 earnings summary

Executive summary

• Net sales rose 3.6% year-over-year to ¥40,735 million for the nine months ended December 31, 2024, driven by strong domestic demand and increased international sales despite labor shortages and high raw material costs.

• Operating profit declined 15.3% year-over-year to ¥4,610 million due to higher transportation, personnel, and R&D expenses, as well as foreign currency translation adjustments.

• Ordinary profit increased 1.8% year-over-year to ¥5,590 million, with profit attributable to owners of parent up 1.5% to ¥3,859 million.

Financial highlights

• Gross profit was ¥10,376 million, with a gross margin of 25.5%, down from 27.5% a year earlier.

• Basic earnings per share rose to ¥139.10 from ¥135.53 year-over-year.

• Comprehensive income decreased 7.1% year-over-year to ¥4,250 million.

• Total assets increased to ¥61,134 million, up ¥4,787 million from the previous fiscal year-end.

• Net assets rose to ¥39,809 million, with an equity ratio of 64.8%.

Outlook and guidance

• Full-year net sales forecast is ¥56,000 million (up 7.9% year-over-year), with operating profit projected at ¥7,130 million (up 15.2%).

• Ordinary profit is forecast at ¥7,400 million (up 1.0%), and profit attributable to owners of parent at ¥5,100 million (flat year-over-year).

• No revisions to previously announced earnings or dividend forecasts.