Ibiden (4062) Q3 2026 earnings summary

Executive summary

• Net sales for the third quarter ended December 31, 2025, rose 10.5% year-over-year to ¥298,621 million, with operating profit up 27.7% to ¥44,527 million and profit attributable to owners of parent up 25.0% to ¥31,000 million.

• Comprehensive income surged 184.8% year-over-year to ¥59,202 million, reflecting strong operational and financial performance.

Financial highlights

• Gross profit increased by ¥14,012 million year-over-year, with gross margin improvement driven by higher sales and controlled cost of sales.

• Basic earnings per share for the third quarter was ¥111.02, adjusted for a 2-for-1 stock split effective January 1, 2026.

• Total assets as of December 31, 2025, were ¥1,054,118 million, with net assets at ¥549,541 million and a capital adequacy ratio of 51.5%.

• Net cash provided by operating activities was ¥72,690 million, while net cash used in investing activities was ¥80,414 million, reflecting significant capital expenditures.

Outlook and guidance

• Full-year forecast for FY2025 (ending March 31, 2026): net sales of ¥420,000 million (+13.7% YoY), operating income of ¥61,000 million (+28.1% YoY), and profit attributable to owners of parent of ¥37,000 million (+9.8% YoY).

• Forecasted EPS for the fiscal year is ¥132.50, reflecting the impact of the stock split.