Chori (8014) Q3 2025 earnings summary

Executive summary

• Achieved record-high ordinary profit of ¥12.0 billion, profit before income taxes of ¥12.7 billion, and net profit attributable to owners of parent of ¥9.1 billion for the fourth consecutive year.

• Net sales decreased by 1.3% year-over-year to ¥230.3 billion, while net profit attributable to owners of parent rose 13.1% to ¥9,123 million.

• Continued implementation of the medium-term management plan, focusing on global growth, digital transformation, and the "Chori Innovation Plan 2025."

• Advanced company-wide business transformation project, including SAP-based mission-critical system (CARAT) implementation, on track for April 2025 launch.

• Invested in PT. TAKAHA MULTICHEM INDONESIA, expanding presence in cosmetics raw materials.

Financial highlights

• Net sales: ¥230.3 billion, down 1.3% year-over-year.

• Operating profit: ¥10.5 billion, down 11.8% year-over-year.

• Ordinary profit: ¥12.0 billion, up 1.7% year-over-year; profit before income taxes: ¥12.7 billion, up 6.7% year-over-year.

• Net profit attributable to owners of parent: ¥9.1 billion, up 13.1% year-over-year.

• Basic earnings per share for nine months: ¥370.23, up from ¥327.65 year-over-year.

Outlook and guidance

• FY03/2025 full-year forecast remains unchanged: net sales ¥320.0 billion (+4.0% YoY), operating profit ¥15.0 billion (–0.3%), ordinary profit ¥15.0 billion (+3.6%), net profit attributable to owners of parent ¥10.0 billion (+3.9%), EPS ¥405.82.

• Progress rates: 72% for net sales, 91.2% for net profit attributable to owners of parent as of Q3.