MATSUDA SANGYO (7456) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 28.5% year-over-year to ¥348.6 billion, with operating profit up 51.2% to ¥10.8 billion and net income attributable to owners up 51.3% to ¥8.1 billion.

• Both main business segments contributed to profit growth, with precious metals recycling and cost optimization in food operations.

Financial highlights

• Net sales rose 28.5% year-over-year to ¥348.6 billion in 3Q FY3/25.

• Operating profit increased 51.2% to ¥10.8 billion; operating margin improved by 0.5pt to 3.1%.

• Ordinary profit increased 44.6% year-over-year to ¥11.5 billion.

• Comprehensive income for the period was ¥9.3 billion, up 34.9% year-over-year.

• Total assets increased to ¥165.9 billion as of December 31, 2024.

Outlook and guidance

• Full-year forecasts: net sales ¥440.0 billion, operating profit ¥11.7 billion, net income ¥8.75 billion, EPS ¥337.61.

• No revisions to previously announced earnings projections.