Chori (8014) Q3 2026 earnings summary

Executive summary

• Executing the Chori Innovation Plan 2025 (CIP2025) with a focus on sustainable global growth and digital transformation amid a challenging global economic environment.

• Net sales for the nine months ended December 31, 2025, decreased by 3.8% year-over-year to ¥221.6 billion, with operating profit down 5.0% to ¥10.0 billion and net profit attributable to owners of parent down 16.7% to ¥7.6 billion.

• Equity ratio remains high at 64.7%, reflecting a strong financial base.

• Dedicated teams are advancing business, financial, non-financial, human capital, and digital strategies.

Financial highlights

• Net sales for Q3 FY03/2026 were ¥221.6 billion, down 3.8% year-over-year.

• Gross profit increased 3.7% to ¥30.6 billion, but operating profit declined 5.0% to ¥10.0 billion.

• Net profit attributable to owners of parent fell 16.7% to ¥7.6 billion.

• Ordinary profit fell 10.4% year-over-year to ¥10.7 billion, and profit before income taxes dropped 15.5% to ¥10.8 billion, impacted by the absence of prior year one-off gains.

• Basic earnings per share declined to ¥308.42 from ¥370.23 year-over-year.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2026: net sales of ¥300.0 billion (+3.7% YoY), operating profit of ¥13.5 billion (+6.9%), ordinary profit of ¥14.5 billion (+10.5%), and net profit attributable to owners of parent of ¥11.0 billion (+5.6%).

• Basic earnings per share for the full year is projected at ¥446.32.

• The forecast was revised upward based on recent performance trends, with net profit forecast unchanged at ¥11.0 billion, supported by expected lower income tax expenses.