FJ Next Holdings Co (8935) Q3 2025 earnings summary

Executive summary

• Net sales rose 17.9% year-over-year to ¥78,190 million for the nine months ended December 31, 2024, with operating income up 5.7% to ¥5,763 million and net income attributable to shareholders up 8.1% to ¥3,898 million.

• The Tokyo condominium market saw a 14.4% decline in new supply, but investment-type condominium demand remained solid, supporting business performance.

Financial highlights

• Gross profit increased to ¥14,077 million from ¥13,309 million year-over-year.

• Ordinary income reached ¥5,745 million, up 5.4% year-over-year.

• Net assets rose to ¥70,277 million, with an equity ratio of 70.9%.

• Net income per share increased to ¥119.13 from ¥110.30 year-over-year.

Outlook and guidance

• Full-year net sales forecast at ¥103,000 million, up 2.6% year-over-year.

• Operating and ordinary income both projected at ¥7,500 million (20.5% increase), with net income forecast at ¥5,000 million (22.5% increase).

• Net income per share forecast revised to ¥152.79 due to changes in treasury shares.