Kewpie (2809) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months rose 6.2% year-over-year to ¥383,424 million, with profit attributable to owners of parent up 31.9% to ¥26,055 million.

• Operating income declined 9.2% year-over-year to ¥27,062 million, and ordinary income also fell 9.2% to ¥29,218 million.

• Comprehensive income decreased 1.4% year-over-year to ¥26,953 million.

Financial highlights

• Gross profit increased slightly to ¥112,487 million from ¥111,569 million year-over-year.

• Earnings per share rose to ¥187.90 from ¥142.13 year-over-year.

• Extraordinary gains surged to ¥12,423 million, mainly from gains on sales of fixed assets.

• Total assets grew to ¥468,918 million as of August 31, 2025, up from ¥462,372 million at the previous fiscal year-end.

• Equity ratio improved to 66.1% from 65.4% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast at ¥512,000 million, up 5.8% year-over-year.

• Operating income projected at ¥34,500 million, nearly flat year-over-year (+0.5%).

• Profit attributable to owners of parent expected to rise 36.3% to ¥29,200 million.

• Earnings per share forecasted at ¥210.95.

• Forecast revision announced during the period.