Iida Group Holdings (3291) Q3 2026 earnings summary

Executive summary

• Revenue for 3Q FY2025 reached ¥1,056.6 billion, up 0.6% year-over-year, with operating profit at ¥65.4 billion, up 9.1% year-over-year and an operating margin of 6.2% (+0.5pt YoY).

• Profit attributable to owners was ¥42.98 billion, up 13% year-over-year.

• The Japanese economy showed moderate recovery, but personal consumption recovery was sluggish due to rising prices.

• Detached housing starts recovered to prior-year levels, with robust demand in the Tokyo metropolitan area.

Financial highlights

• Gross profit increased to ¥188.1 billion (17.8% margin), up 11.7% year-over-year.

• SG&A costs rose 12.6% year-over-year, mainly due to higher advertising (Expo 2025), personnel, depreciation, M&A, and taxes.

• Total assets grew by ¥68.9 billion since March 2025, reaching ¥1,922,756 million, driven by inventory increases and a U.S. housing business acquisition.

• Total equity rose to ¥998,321 million, with an equity ratio of 51.7%.

• Basic earnings per share increased to ¥155.53 from ¥135.66 year-over-year.

Outlook and guidance

• FY2025 revenue forecast is ¥1,530 billion (69.1% achieved by 3Q), up 4.8% year-over-year.

• Operating profit forecast is ¥93 billion (70.4% achieved by 3Q), up 15.6% year-over-year; profit attributable to owners of parent is projected at ¥58 billion, up 14.4%.

• Basic earnings per share for the full year is forecast at ¥209.89.

• Dividend forecast for the year ending March 31, 2026, is ¥100 per share, including a ¥10 commemorative dividend.