Resonac (4004) Q3 2025 earnings summary

Executive summary

• Core operating profit increased year-over-year, reaching a record high in the Semiconductor and Electronic Materials segment, offsetting weakness in Chemicals.

• Revenue for the first nine months of 2025 declined 4.2% year-over-year to ¥986.3 billion, with core operating profit rising 5.8% to ¥72.8 billion, but operating profit fell 74.9% to ¥21.5 billion due to one-time gains in 2024 and impairment losses in 2025.

• Profit attributable to owners dropped sharply to ¥6.0 billion, mainly due to non-recurring items and impairment losses.

• Progress through Q3 is in line with fiscal 2025 forecasts, which remain unchanged.

Financial highlights

• Q1-Q3 revenue was ¥986.3 billion, down ¥43.0 billion year-over-year; core operating profit rose ¥4.0 billion to ¥72.8 billion.

• EBITDA was ¥143.9 billion, flat year-over-year; EBITDA margin improved to 14.6%.

• IFRS-based operating profit was ¥21.5 billion, down ¥64 billion year-over-year due to negative non-recurring items.

• Profit attributable to owners was ¥6.0 billion, down ¥58.8 billion year-over-year.

• Gross profit for the nine months was ¥232.5 billion, down from ¥243.3 billion year-over-year.

Outlook and guidance

• Full-year 2025 revenue is forecast at ¥1,422.0 billion (up 2.2% year-over-year), with core operating profit of ¥98.0 billion (up 6.4%).

• Operating profit is expected to decline 45.0% to ¥49.0 billion, and profit attributable to owners of the parent is projected to fall 64.6% to ¥26.0 billion.

• Dividend forecast for 2025 is ¥65 per share, unchanged from 2024.