Axial Retailing (8255) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 4.0% year-over-year to ¥211,148 million, while operating profit declined 9.0% to ¥9,287 million and profit attributable to owners of parent fell 8.0% to ¥6,387 million.

• Comprehensive income decreased 9.0% year-over-year to ¥6,394 million for the nine-month period.

Financial highlights

• Gross profit increased to ¥61,347 million from ¥59,586 million year-over-year, but selling, general and administrative expenses rose to ¥52,060 million from ¥49,385 million.

• Basic earnings per share for the nine months was ¥70.55, adjusted for a four-for-one stock split.

• Total assets as of December 31, 2024, were ¥139,334 million, up from ¥131,390 million at the previous fiscal year-end.

• Net cash provided by operating activities was ¥10,404 million, down from ¥14,099 million year-over-year.

Outlook and guidance

• Full-year net sales forecast for the fiscal year ending March 31, 2025, is ¥280,000 million, up 3.6% year-over-year.

• Operating profit is projected at ¥12,100 million (+2.7% YoY), and profit attributable to owners of parent at ¥7,500 million (+0.8% YoY).

• Basic earnings per share for the full year is forecast at ¥82.84, reflecting the stock split.