McDonald's Holdings Company (Japan) (2702) Q3 2025 earnings summary

Executive summary

• Achieved strong year-on-year growth in system-wide sales, net sales, and operating income for Q3 2025, driven by growth strategies, proactive investments, and enhanced restaurant experiences.

• Same-store sales increased for the 40th consecutive quarter, reflecting a focus on customer experience and operational efficiency.

• Strategic focus areas included Menu & Value, Restaurant Portfolio & Digital, and Sustainability & People, with ongoing digital transformation and sustainability initiatives.

Financial highlights

• System-wide sales reached ¥660,563 million, up 7.2% year-over-year for cumulative Q3 2025.

• Operating income rose to ¥42,901 million, up 15.5% year-over-year, with an operating income ratio of 13.7%.

• Net sales increased by 2.9% year-over-year to ¥312,325 million for cumulative Q3.

• Net income attributable to owners of parent grew 11.3% year-over-year to ¥26,992 million.

• Gross profit improved to ¥67,106 million from ¥61,713 million year-over-year.

Outlook and guidance

• Full-year 2025 forecast: system-wide sales of ¥880,000 million (+6.1% YoY), net sales of ¥412,500 million (+1.7% YoY), operating income of ¥51,000 million (+6.2% YoY), and net income attributable to owners of parent of ¥31,000 million (+3.0% YoY).

• No changes to previously announced earnings forecasts; dividend forecast for 2025 is ¥56.00 per share, up from ¥49.00 in 2024.

• Investments planned in Q4 to support continued growth.