Fukuda (1899) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, rose 2.7% year-over-year to ¥119,732 million, with operating profit up 12.1% to ¥6,430 million and ordinary profit up 10.7% to ¥6,592 million.

• Profit attributable to owners of parent increased 12.8% year-over-year to ¥4,452 million, and comprehensive income rose 19.9% to ¥5,036 million.

• Basic earnings per share for the period was ¥537.78, up from ¥477.17 in the prior year.

Financial highlights

• Gross profit increased to ¥13,995 million from ¥12,960 million year-over-year, with gross margin improvement driven by construction contracts.

• Total assets grew to ¥147,766 million as of September 30, 2025, up from ¥142,814 million at the previous year-end.

• Net assets increased to ¥88,208 million, with an equity-to-asset ratio of 59.5%.

• Cash and deposits decreased to ¥28,425 million from ¥32,849 million at year-end.

Outlook and guidance

• Full-year net sales forecast is ¥170,000 million, up 2.0% year-over-year, with operating profit expected to decline 8.7% to ¥7,000 million.

• Ordinary profit is forecast at ¥7,300 million (down 8.3%), and profit attributable to owners of parent at ¥4,800 million (down 9.6%).

• Basic earnings per share for the full year is projected at ¥579.69.

• Dividend forecast revised to ¥250 per share for the fiscal year ending December 31, 2025.