NIPPON KANZAI Holdings Co (9347) Q3 2025 earnings summary

Executive summary

• Net sales rose 13.4% year-over-year to 99,826 million yen for the nine months ended December 31, 2024, driven by steady contract renewals and construction-related orders.

• Operating income declined 4.4% year-over-year to 5,816 million yen due to increased personnel and other expenses.

• Ordinary income fell 14.3% year-over-year to 5,737 million yen, impacted by losses from equity-method affiliates and litigation.

• Profit attributable to owners of parent dropped 37.2% year-over-year to 2,910 million yen.

Financial highlights

• Gross profit increased to 27,389 million yen from 19,330 million yen year-over-year.

• Selling, general, and administrative expenses rose significantly to 21,573 million yen from 13,249 million yen.

• Comprehensive income decreased 33.5% year-over-year to 3,594 million yen.

• Total assets decreased by 2.2% from the previous fiscal year-end to 90,582 million yen.

• Net assets decreased by 1.6% to 68,051 million yen; equity ratio declined to 72.1%.

Outlook and guidance

• Full-year net sales forecast at 136,500 million yen, up 11.3% year-over-year.

• Operating income projected at 8,500 million yen (+2.8%), ordinary income at 9,000 million yen (+9.4%), and profit attributable to owners of parent at 6,100 million yen (+7.4%).

• No changes to previously announced forecasts; business environment remains unpredictable.