Daiko Tsusan (7673) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended February 2025 rose 33.1% year-over-year to ¥16,659 million, with net income up 51.0% to ¥646 million and operating profit up 51.2% to ¥952 million, driven by proactive sales activities and effective response to customer needs.

• Growth was fueled by strong demand in CATV, information communication, and disaster prevention infrastructure, with notable gains in all regional and product segments.

Financial highlights

• Revenue: ¥16,659 million, up 33.1% year-over-year; progress rate against full-year plan is 87.7%.

• Gross profit: ¥2,341 million, up 21.9% year-over-year; gross margin declined to 14.1% due to increased price-competitive projects.

• Operating income: ¥952 million, up 51.2% year-over-year; operating margin at 5.7%.

• EPS for the period was ¥121.24, up from ¥80.31 in the prior year.

• Total assets rose to ¥17,989 million, and net assets increased to ¥8,239 million.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥19,000 million, projecting a 10.3% increase year-over-year, with net income forecast at ¥660 million, up 9.8%.

• No revision to guidance at this time; will monitor order timing and adjust if necessary.