I-ne CO (4933) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, increased by 9.8% year-over-year to ¥34,365 million, with EBITDA up 7.9% to ¥3,505 million and operating profit up 1.0% to ¥2,207 million.

• Profit attributable to owners of parent declined by 29.8% year-over-year to ¥1,105 million, and comprehensive income decreased by 16.7% to ¥1,300 million.

Financial highlights

• Gross profit rose to ¥19,803 million from ¥16,656 million year-over-year, while selling, general and administrative expenses increased to ¥17,595 million from ¥13,699 million.

• Ordinary profit fell 28.4% year-over-year to ¥2,111 million, and basic earnings per share dropped to ¥63.24 from ¥89.43.

• Total assets decreased to ¥35,224 million as of September 30, 2025, from ¥38,358 million at the end of 2024.

• Equity-to-asset ratio improved to 49.5% from 42.9% at the previous year-end.

Outlook and guidance

• Full-year net sales forecast is ¥52,000 million, up 15.5% year-over-year, with EBITDA projected at ¥6,760 million (up 30.1%) and operating profit at ¥5,040 million (up 9.4%).

• Profit attributable to owners of parent is forecast at ¥2,700 million, with basic EPS of ¥154.42 for the full year.

• Dividend forecast revised upward to ¥15.00 per share for the fiscal year ending December 31, 2025.