Furuya Metal (7826) Q3 2025 earnings summary

Executive summary

• Q3 revenue reached 13.9 billion yen, up 1.7 billion yen year-over-year, with gross income at 3.4 billion yen, down 0.2 billion yen year-over-year.

• Accumulated nine-month revenue was 40.8 billion yen, up 7.5 billion yen year-over-year, and gross income was 11.3 billion yen, up 1.1 billion yen year-over-year.

• Net sales rose 22.3% year-over-year to 40,808 million yen for the nine months ended March 31, 2025, with operating income up 14.5% to 8,281 million yen and net income attributable to owners of parent up 12.5% to 5,450 million yen.

• Overseas sales accounted for 62.1% of total sales, with strong contributions from Asia and Europe.

• The domestic economy showed gradual recovery, but high energy and raw material prices and exchange rate fluctuations remain uncertainties.

Financial highlights

• Q3 revenue: 13.9 billion yen (+14.3% YoY), gross income: 3.4 billion yen (-5.6% YoY).

• Nine-month revenue: 40.8 billion yen (+22.5% YoY), gross income: 11.3 billion yen (+10.3% YoY).

• Q3 net income: 1.56 billion yen; nine-month net income: 5.45 billion yen.

• Ordinary income rose 12.1% year-over-year to 7,809 million yen.

• Net income per share was 221.85 yen, calculated post-stock split.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of 56,000 million yen (up 17.8% YoY), operating income of 12,000 million yen (up 22.3% YoY), and net income attributable to owners of parent of 8,400 million yen (up 13.4% YoY).

• Annual dividend forecast is 96 yen per share post-stock split.

• New commercial channels in the thermal segment are expected to be a future growth driver.

• Thin film segment expected to maintain strong performance due to ongoing data center and semiconductor demand.