AS ONE (7476) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 5.1% year-over-year to ¥79,204 million, with operating profit up 12.4% to ¥9,435 million and profit attributable to owners of parent up 12.4% to ¥6,715 million.

• Gross profit margin improved to 30.6% (up 0.3 points), driven by enhanced profitability in long-tail and imported products.

• Comprehensive income surged 78.3% year-over-year to ¥7,316 million.

Financial highlights

• Operating profit margin increased to 11.9% from 11.1% year-over-year.

• SG&A expenses rose 2.6% to ¥14,810 million, but the SG&A ratio improved by 0.5 points to 18.7%.

• Basic earnings per share for the period were ¥93.78, up from ¥83.38 year-over-year.

• Equity-to-asset ratio improved to 68.4% from 66.5% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast is ¥108,900 million (up 5.0% year-over-year), with operating profit projected at ¥12,510 million (up 7.9%) and profit attributable to owners of parent at ¥8,940 million (up 8.6%).

• Annual dividend forecast raised to ¥63.00 per share.