Ifuji Sangyo (2924) Q3 2025 earnings summary

Executive summary

• 9M revenue fell 5.7% YoY to ¥18,394m as lower egg prices reduced selling prices; record-period liquid egg volumes helped lift operating profit to a 7-period high.

• Operating and ordinary profit rose 45.7% and 45.0% YoY, respectively, while net income increased 12.5%; each reached a 9M record.

Financial highlights

• 9M revenue was ¥18,394m, down 5.7% YoY; operating profit was ¥2,388m, up 45.7%, and ordinary profit was ¥2,434m, up 45.0%.

• Net income attributable to owners was ¥1,652m, up 12.5% YoY; EPS was ¥199.70 versus ¥177.97.

• Comprehensive income was ¥1,649m versus ¥1,494m a year earlier.

Outlook and guidance

• FY2025 guidance remains unchanged: revenue ¥24,651m (+0.6%), operating profit ¥2,568m (+45.5%), ordinary profit ¥2,562m (+41.6%), and net income ¥1,722m (+7.8%).

• Guidance assumes available information and may differ from actual results; frequent avian influenza cases leave egg prices and supply-demand trends uncertain.