Dentsu Soken (4812) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months rose 7.9% year-over-year to ¥121,151 million, driven by Business Solutions and Communication IT segments, with operating profit up 12.5% to ¥16,277 million and profit attributable to owners of parent up 16.3%, marking a record high for Q3.

• Orders received increased 12.8% year-over-year, with a significant 36.1% jump in Q3, especially in Financial and Manufacturing Solutions; order backlog grew 19.9%.

• The company launched a new three-year medium-term management plan aiming for significant growth and transformation by 2027, targeting ROE of 18.0% or higher.

Financial highlights

• Gross profit for the nine months ended September 30, 2025, was ¥43,801 million, with gross profit margin at 36.2% (+0.2p YoY); operating margin improved to 13.4% (+0.5p YoY).

• Q3 net sales were ¥40,912 million (+7.7% YoY), with operating profit at ¥5,615 million (+36.9% YoY) and profit attributable to owners of parent at ¥4,031 million (+42.6% YoY).

• Net profit per share increased to ¥180.04 from ¥154.83 year-over-year.

• Total assets increased to ¥158,326 million as of September 30, 2025, with net assets at ¥95,204 million and an equity ratio of 60.1%.

Outlook and guidance

• Full-year FY12/2025 forecast remains unchanged: net sales ¥168,000 million (+10.1% YoY), operating profit ¥23,000 million (+9.3% YoY), ordinary profit ¥23,500 million (+11.4% YoY), profit attributable to owners of parent ¥16,200 million (+7.2% YoY), EPS ¥248.95.

• Q4 FY12/2025 forecast: net sales ¥46,848 million (+15.9% YoY), operating profit ¥6,722 million (+2.2% YoY), profit attributable to owners of parent ¥4,483 million (-11.1% YoY).

• No revisions to previously announced forecasts.