OSG (6136) Q3 2025 earnings summary

Executive summary

• Net sales for FY25 3Q YTD reached ¥115.99 billion, up 0.6% year-over-year, with operating profit at ¥13.76 billion, down 4.8% year-over-year.

• Net profit attributable to owners was ¥9.64 billion for 3Q YTD, down 1.5% year-over-year.

• Comprehensive income surged 56.3% year-over-year to ¥11.49 billion, driven by improved foreign currency translation adjustments.

• EBITDA remained flat at ¥23.8 billion, while EPS increased 8.1% to ¥115.3.

• Overseas sales ratio reached 67.9%, reflecting strong international presence.

Financial highlights

• Operating profit margin was 11.9%, down 0.6 points year-over-year.

• Gross profit was ¥47.36 billion, nearly flat year-over-year.

• Ordinary income increased slightly to ¥14.99 billion.

• Equity ratio improved to 66.7%, up from 64.8% at the previous fiscal year end.

• Dividend payout ratio exceeded 40% for three consecutive years, with a full-year dividend of ¥88 per share including a commemorative dividend.

Outlook and guidance

• FY25 full-year net sales forecast is ¥160 billion (+2.9%), with operating profit projected at ¥21 billion (+11.3%).

• Net profit forecast is ¥14.5 billion (+7.9%), and EPS is expected to rise to ¥173.38 (+16.4%).

• Dividend policy under review to ensure stable returns and improved capital efficiency.

• Annual dividend forecast is ¥88.00 per share, including a ¥28.00 commemorative dividend.