Chofu Seisakusho (5946) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was ¥32,053 million, up 1.0% year-over-year, driven by strong sales of high-efficiency water heaters and price revisions.

• Operating profit declined 22.6% year-over-year to ¥416 million due to persistent high raw material costs.

• Net income attributable to shareholders dropped 54.6% year-over-year to ¥839 million, impacted by a provision for product warranty losses in Q2.

Financial highlights

• Gross profit for the period was ¥6,810 million, slightly down from ¥6,895 million year-over-year.

• Ordinary profit was ¥2,523 million, a 3.4% decrease year-over-year.

• Comprehensive income for the period was ¥1,262 million, down 48.5% year-over-year.

• Earnings per share for the period were ¥24.69, compared to ¥54.42 in the prior year.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥47,000 million, a 1.9% increase year-over-year.

• Full-year operating profit is projected at ¥1,700 million (down 2.6% year-over-year), and net income at ¥2,200 million (down 29.9% year-over-year).

• No revisions to previously announced guidance.