Bell-Park (9441) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, rose 12.4% year-over-year to 96,268 million yen, with operating profit up 25.4% and profit attributable to owners of parent up 20.1%.

• Growth was driven by increased sales volumes of mobile phones, ancillary products, and stock revenues, despite higher selling, general, and administrative expenses.

• The third quarter saw increased revenue but a decline in profit due to higher promotion expenses and changes in carrier incentive allocations.

Financial highlights

• Operating profit for the nine months reached 4,500 million yen (up 25.4% YoY), ordinary profit was 4,606 million yen (up 25.5% YoY), and net income was 3,095 million yen (up 20.1% YoY).

• Gross profit for Q3 was 7,636 million yen (up 15.9% YoY), but operating profit for Q3 fell 16.0% YoY to 737 million yen.

• Basic earnings per share for the nine months was 183.67 yen, up from 133.92 yen a year earlier.

• Comprehensive income for the nine months was 3,021 million yen (up 19.9% YoY).

Outlook and guidance

• Full-year revenue is forecast at 119,200 million yen (up 2.7% YoY), with operating profit of 5,500 million yen (up 29.0% YoY) and net income of 3,760 million yen (up 18.3% YoY).

• Basic earnings per share for the full year is projected at 239.60 yen, reflecting the impact of treasury share cancellation.

• No changes have been made to previously announced forecasts.