Sanrio Company (8136) Q3 2025 earnings summary

Executive summary

• Achieved record sales and profits in cumulative 3Q FY3/2025, driven by Hello Kitty 50th anniversary and broader character strategy.

• Strong performance across all segments, with notable growth in North America and China.

• Upward revision of full-year forecasts and dividends due to continued favorable trends.

• Comprehensive income reached 33.3 billion yen, up 72.3% YoY.

Financial highlights

• Cumulative 3Q sales: 104.8 billion yen, up 44.7% YoY; operating profit: 41.1 billion yen, up 92.1% YoY.

• Net profit attributable to owners: 33.8 billion yen, up 109.4% YoY.

• Gross profit margin rose to 77.0%; gross profit reached 80.7 billion yen.

• EBITDA for 3Q FY3/2025: 42.7 billion yen, up 99.8% YoY.

• Total assets grew to 180.3 billion yen; net assets rose to 90.1 billion yen.

Outlook and guidance

• Revised FY3/2025 sales forecast to 140.5 billion yen (+40.5% YoY), operating profit to 51.2 billion yen (+90.0% YoY).

• Full-year net profit forecast raised to 40.5 billion yen; basic EPS forecast at 171.46 yen.

• Annual dividend raised by 12 yen to 52 yen, payout ratio of 30% or higher.

• Q4 operating profit expected to slow due to strategic investments and seasonality.