Ochi Holdings (3166) Q3 2025 earnings summary

Executive summary

• Net sales rose 0.8% year-over-year to ¥87,728 million for the nine months ended December 31, 2024, driven by prior-year acquisitions.

• Operating profit fell 50.0% year-over-year to ¥995 million, and profit attributable to owners of parent dropped 49.1% to ¥815 million, mainly due to a decline in housing starts and acquisition-related expenses.

• Comprehensive income decreased 61.3% year-over-year to ¥667 million.

• The company acquired Yumita Construction Co., Ltd. and its subsidiaries in October 2024 to strengthen the Engineering Business.

Financial highlights

• Gross profit was ¥12,016 million, up slightly from ¥11,979 million year-over-year.

• Ordinary profit declined 43.7% year-over-year to ¥1,369 million.

• Basic earnings per share dropped to ¥62.88 from ¥123.90 year-over-year.

• Total assets increased 10.6% from the previous fiscal year-end to ¥73,390 million.

• Net assets remained stable at ¥23,344 million.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2025 remains unchanged: net sales ¥115,000 million (+1.4% YoY), operating profit ¥1,500 million (–30.4% YoY), ordinary profit ¥2,100 million (–23.1% YoY), profit attributable to owners of parent ¥1,150 million (–45.1% YoY), and basic EPS ¥88.65.

• Annual dividend forecast is ¥54.00 per share.