Maruichi Steel Tube (5463) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, were ¥198.8 billion, down 2.3% year-over-year, with declines in both sales and income mainly due to weak market conditions in Japan and the U.S.

• Operating profit decreased 36.0% year-over-year to ¥17.7 billion.

• Profit attributable to owners of parent dropped 44.7% year-over-year to ¥11.3 billion.

• Comprehensive income fell sharply to ¥7,474 million from ¥35,331 million in the prior year period.

• Net income guidance revised upward, reflecting an expected extraordinary gain from the sale of investment securities.

Financial highlights

• Gross profit declined to ¥33,091 million from ¥41,415 million year-over-year.

• Ordinary profit decreased 32.5% year-over-year to ¥20,683 million.

• Basic earnings per share for the nine months was ¥140.83, down from ¥256.76 year-over-year.

• Total assets increased to ¥435,890 million as of December 31, 2024.

• Recognized ¥3.35 billion extraordinary loss from restricted stock grants in 2Q.

Outlook and guidance

• Full-year net sales forecast unchanged at ¥258 billion, up 4.9% year-over-year.

• Full-year operating income forecast unchanged at ¥25.2 billion, a 27.6% decrease year-over-year.

• Net income forecast revised upward to ¥26.6 billion, up 1.9% year-over-year, due to expected extraordinary gain.

• Basic earnings per share for the full year is expected to be ¥332.86.

• Dividend payout forecast: 131 yen/share, unchanged from previous year.