Noda (7879) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended August 31, 2025, was ¥47,348 million, down 4.0% year-over-year, with operating profit at ¥3 million, a 99.5% decrease from the prior year.

• Net loss attributable to shareholders was ¥472 million, a significant improvement from the ¥1,936 million loss in the same period last year.

• The business environment remained challenging due to weak housing demand, rising costs, and sluggish plywood prices.

Financial highlights

• Operating profit dropped sharply to ¥3 million from ¥689 million year-over-year.

• Net loss improved to ¥472 million from ¥1,936 million in the prior year.

• Gross margin declined as sales and profitability weakened.

• Total assets at quarter-end were ¥72,398 million, down ¥1,784 million from the previous fiscal year-end.

• Equity ratio was 45.8%, up from 45.2% at the previous year-end.

Outlook and guidance

• Full-year revenue forecast revised to ¥63,500 million, a 5.3% decrease year-over-year.

• Full-year net loss forecast at ¥600 million, with EPS of -¥38.32.

• Dividend forecast revised downward to ¥33.00 per share for the year.