Estic (6161) Q3 2025 earnings summary

Executive summary

• Revenue for the third quarter increased by 20.3% year-over-year to ¥5,776 million, driven by strong domestic equipment investment and steady overseas sales.

• Operating income rose 12.4% year-over-year to ¥1,153 million, while net income attributable to shareholders grew 2.6% to ¥781 million.

• Domestic sales surged 43.3% year-over-year, while overseas sales increased 10.0%, with overseas accounting for 63.1% of total sales.

• Profitability was impacted by a higher proportion of lower-margin screw fastening devices and rising material and labor costs.

Financial highlights

• Gross margin and operating margin slightly declined due to sales mix and cost pressures, with operating margin at 20.0% (down from 21.4% year-over-year).

• Total assets at quarter-end were ¥11,329 million, up ¥598 million from the previous fiscal year-end.

• Net assets increased by ¥594 million to ¥9,977 million, with an equity ratio of 86.6%.

• Cash and deposits rose by ¥1,263 million, while accounts receivable and work-in-process inventory declined.

Outlook and guidance

• Full-year revenue is forecast at ¥7,876 million (up 10.5% year-over-year), with operating income of ¥1,620 million (up 8.7%) and net income of ¥1,146 million (up 1.1%).

• No changes have been made to the previously announced earnings forecast.

• Dividend forecast is ¥27 per share for the full year.