CMC Corporation (2185) Q3 2025 earnings summary

Executive summary

• Revenue for the third quarter was ¥12,598 million, down 8.1% year-over-year, with operating profit at ¥1,469 million, a 17.8% decrease from the prior year.

• Net income attributable to shareholders rose 4.6% year-over-year to ¥1,174 million, despite lower sales and operating profit.

• The Knowledge segment grew 7.5% year-over-year, while the Manuals segment declined 29.6% due to changes in product cycles and sales plans.

• Domestic sales increased 18.8%, but overseas sales dropped 32.5% year-over-year.

Financial highlights

• Gross profit margin was 36.0% (¥4,527 million gross profit on ¥12,598 million sales).

• Operating margin declined to 11.7% from 13.0% year-over-year.

• Comprehensive income for the quarter was ¥1,244 million, down 3.8% year-over-year.

• EPS for the quarter was ¥89.33, up from ¥84.62 in the prior year.

Outlook and guidance

• Full-year revenue is forecast at ¥18,000 million, down 7.8% year-over-year.

• Operating profit is projected at ¥2,400 million (down 19.3%), and net income at ¥1,850 million (down 11.0%).

• No changes have been made to previously announced guidance.