ERI Holdings (6083) Q3 2025 earnings summary

Executive summary

• 9M FY5/2025 net sales rose 3.8% YoY to ¥13,779.5m, while operating profit fell 39.3% to ¥912.7m and profit attributable to owners fell 43.9% to ¥526.3m.

• Weak new-construction activity and preparatory spending for April 2025 Building Code revisions pressured core services; M&A-supported Solution Services grew sales and earnings.

Financial highlights

• Net sales were ¥13,779.5m vs ¥13,278.8m; gross profit declined to ¥4,358.8m from ¥4,604.0m.

• Operating profit was ¥912.7m vs ¥1,504.7m; ordinary profit was ¥947.9m vs ¥1,528.2m.

• Profit attributable to owners was ¥526.3m vs ¥938.3m; comprehensive income was ¥522.1m vs ¥945.0m.

• Extraordinary income was ¥35.7m, including a ¥23.3m gain on sale of shares of subsidiaries and associates, vs ¥4.8m a year earlier.

Outlook and guidance

• FY5/2025 forecast: net sales ¥20,500m (+13.7%), operating profit ¥2,100m (+5.5%), ordinary profit ¥2,100m (+4.0%), and owner-attributable profit ¥1,300m (+5.4%).

• Forecast EPS is ¥165.98; performance and dividend forecasts were unchanged.

• April 2025 Building Code revisions are expected to raise demand for energy-standard evaluations; readiness aims to prevent disruption in the new-construction market.