HIKARI TSUSHIN (9435) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 2024 rose 11.7% YoY to ¥498.8B, with recurring operating profit and operating profit at all-time highs, prompting an upward revision to full-year guidance.

• Operating profit increased 16.2% to ¥86.6B, and profit attributable to owners surged 39.2% to ¥102.8B, supported by financial income gains from a weaker yen.

• Dividend income and interest income increased 40% YoY, supporting record-high comprehensive income.

• The company advanced sustainability initiatives, including renewable energy services and resource conservation.

• Dividend per share and total shareholder return ratio are expected to reach record levels.

Financial highlights

• Nine-month revenue rose 11% YoY to ¥498.8B, operating profit up 16% to ¥86.5B, and net income up 39% to ¥102.7B.

• Gross profit for the nine months was ¥253.3B, up from ¥236.4B YoY.

• EBITDA for the nine months was ¥97.1B, up 13% YoY.

• Equity attributable to owners of parent grew 33% YoY to ¥910.8B.

• Total assets increased to ¥2,284.8B as of December 31, 2024.

Outlook and guidance

• Full-year revenue guidance revised upward to ¥670.0B (+11% YoY), operating profit to ¥115.0B (+5.9% YoY), and net income to ¥115.0B.

• Basic earnings per share forecast is ¥2,622.13.

• Dividend per share forecast raised to ¥651 (+2% YoY), with a total shareholder return ratio expected at 44%.