Maruha Nichiro (1333) Q3 2025 earnings summary

Executive summary

• Net sales rose 5.2% year-over-year to ¥828.1 billion for the third quarter, driven by higher volumes in Marine Resources and Processed Foods segments.

• Operating income increased 9.8% to ¥27.8 billion, supported by strong marine product sales and robust pet food business performance.

• Profit attributable to owners of parent grew 3.6% to ¥23.2 billion.

• Comprehensive income for the quarter was ¥29.5 billion, a decrease of 22.3% year-over-year.

Financial highlights

• EBITDA increased 9.8% year-over-year to ¥43.9 billion.

• Gross profit improved by ¥9.8 billion to ¥114.8 billion.

• Ordinary income for the quarter was ¥31.0 billion, up 2.6% year-over-year.

• Profit per share for the quarter was ¥461.38, compared to ¥444.81 in the prior year.

• Total assets as of the third quarter were ¥723.9 billion, with net assets at ¥245.5 billion.

Outlook and guidance

• Full-year net sales forecast at ¥1,050.0 billion, with 78.9% achieved by 3Q and a 1.9% increase from the previous year.

• Operating income forecast at ¥30.0 billion, with 92.8% achieved and a 13.1% increase year-over-year.

• Ordinary income is forecast at ¥32.0 billion, a 2.9% increase year-over-year.

• Profit attributable to owners of parent is expected to reach ¥22.0 billion, up 5.5% year-over-year.

• Marine Resources segment to remain challenging; Foodstuff Distribution and Processed Foods expected to perform steadily.