MTG (7806) Q3 2025 earnings summary

Executive summary

• Achieved record-high consolidated sales and profits for FY2025 1Q–3Q, with revenue up 39% and net income up 358% year-over-year.

• Net sales for the nine months ended June 30, 2025, rose 38.6% year-over-year to ¥70,057 million, with operating profit up 583.5% to ¥9,328 million and profit attributable to owners of parent up 358.4% to ¥5,807 million.

• Comprehensive income surged 711.9% year-over-year to ¥6,250 million for the period.

• Strong performance in hair care, especially ReFa brand, and successful new product launches drove growth.

• Upward revision of full-year guidance due to continued strong domestic business and dissolution of a loss-making subsidiary.

Financial highlights

• FY2025 1Q–3Q sales: ¥70.05B (+39% YoY); gross profit: ¥43.69B (+43% YoY); operating income: ¥9.32B (+583% YoY); net income: ¥5.80B (+358% YoY).

• Gross profit increased to ¥43,698 million from ¥30,599 million year-over-year, while operating profit jumped to ¥9,328 million from ¥1,364 million.

• Ordinary profit rose to ¥9,386 million from ¥1,923 million year-over-year.

• Basic earnings per share for the nine months ended June 30, 2025, was ¥147.54, up from ¥32.13 year-over-year.

• Gross profit margin improved to 62% for 1Q–3Q, driven by higher sales of new products.

Outlook and guidance

• FY2025 full-year sales forecast revised up to ¥96.0B (+34% YoY); operating income to ¥9.6B (+193% YoY); net income to ¥6.5B (+185% YoY).

• Guidance reflects strong ReFa performance, new brand launches, and positive impact from subsidiary dissolution.

• Annual dividend forecast is ¥18.00 per share.