ANEST IWATA (6381) Q3 2026 earnings summary

Executive summary

• Net sales for FY2025 3Q were ¥39,488 million, down 1.3% year-over-year, with declines in both air energy and coating businesses, while other businesses grew revenue but remained unprofitable due to upfront investments.

• Operating profit fell 18.1% year-over-year to ¥3,796 million, impacted by lower sales, decreased gross profit, and higher SG&A expenses.

• Profit attributable to owners of parent decreased 5.6% to ¥3,376 million.

• The global economy showed resilience, with AI-related demand and moderate recovery in Japan, but small and medium-sized enterprises faced profit pressure from rising labor costs.

Financial highlights

• Gross profit for the period was ¥18,437 million, down from ¥18,724 million year-over-year.

• Ordinary profit declined 9.2% to ¥5,190 million; comprehensive income dropped 21.2% to ¥3,630 million.

• Basic earnings per share for the period was ¥85.76, compared to ¥90.36 in the prior year.

• Total assets increased to ¥69,757 million, and net assets rose to ¥53,967 million.

• Cost of sales ratio rose to 53.3% (+0.1pt), SG&A expenses ratio increased to 37.1% (+1.9pt).

Outlook and guidance

• Full-year forecasts for FY2025 remain unchanged: net sales ¥58,000 million, operating profit ¥5,550 million, ordinary profit ¥6,710 million, net income ¥4,150 million.

• Annual dividend forecast is ¥83.00 per share.

• Sales promotion measures and cost controls are planned to drive recovery.