Asteria (3853) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 FY2024 increased 8.5% year-over-year to 2,334 million JPY, driven by strong software business performance.

• Net profit attributable to owners of parent for Q3 FY2024 was 230 million JPY, reversing a prior-year loss, despite a loss from the sale of Gorilla Technology Group shares.

• Operating profit reached 577 million JPY for Q3 FY2024, a significant increase from 72 million JPY in Q2 and from a loss of 3,729 million JPY in the previous year.

• Recurring revenue from subscriptions and support products remains robust.

Financial highlights

• Adjusted EBITDA for Q3 FY2024 was 746 million JPY, up 25% year-over-year, with an EBITDA margin of 32%.

• Gross profit for Q3 FY2024 was 2,079 million JPY, maintaining a gross margin above 89%.

• Basic and diluted earnings per share were 13.66 JPY, compared to a loss per share of 134.81 JPY in the prior year.

• Total assets as of December 31, 2024, were 7,634 million JPY, with total equity at 5,903 million JPY and an equity ratio of 75.8%.

• Depreciation and amortization for the nine months totaled 169 million JPY.

Outlook and guidance

• Full-year revenue forecast set at 3,200 million JPY, with operating profit and net profit forecasts at 600 million JPY and 300 million JPY, respectively.

• Year-end dividend forecast revised upward by 50% to 7.5 JPY per share.

• Dividend policy targets a consolidated payout ratio of 30% and progressive dividends.

• No changes to the previously announced consolidated earnings forecast.