Pola Orbis Holdings (4927) Q3 2025 earnings summary

Executive summary

• Consolidated net sales for Q3 FY2025 were nearly flat year-over-year at ¥125,002 million, mainly due to domestic growth offset by overseas declines and lower flagship brand sales.

• Operating income increased 10.5% year-over-year to ¥11,952 million, driven by higher income at ORBIS, reduced SG&A expenses, and cost controls.

• Net profit attributable to owners rose 10.1% year-over-year to ¥7,652 million, supported by lower SG&A expenses and a decrease in income taxes following a subsidiary liquidation.

• Ordinary income declined 4.3% year-over-year to ¥11,224 million, impacted by foreign exchange losses.

Financial highlights

• Q3 FY2025 consolidated net sales: ¥125,002 million, down 0.3% year-over-year.

• Operating income: ¥11,952 million, up 10.5% year-over-year; operating margin improved to 9.6%.

• Net profit attributable to owners: ¥7,652 million, up ¥703 million year-over-year.

• Gross profit for the nine months was ¥101,871 million, down from ¥102,592 million year-over-year.

• EPS for the nine months was ¥34.58, up from ¥31.41 year-over-year.

Outlook and guidance

• FY2025 full-year consolidated net sales forecast: ¥174,000 million, up 2.1% from FY2024.

• Operating income forecast: ¥14,500 million, up 5.0% year-over-year.

• Net profit attributable to owners forecast: ¥8,500 million, down 8.5% year-over-year.

• Dividend per share planned at ¥52, with a payout ratio of 135.4%.

• No revisions have been made to the previously announced performance forecast.