Sanwa (5929) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 9.1% year-over-year to ¥475.1 billion, with operating profit up 23.8% to ¥50.97 billion and profit attributable to owners of parent up 18.6% to ¥37.29 billion.

• Achieved record sales and profits in Q3 FY2024, driven by strong performance in Japan and North America.

• The group advanced its Mid-Term Management Plan 2024, focusing on global leadership in smart entrance solutions, product innovation, and sustainability initiatives.

• Maintained the revised consolidated forecast announced in October 2024.

• Market conditions remained uncertain due to global inflation, currency fluctuations, and geopolitical risks.

Financial highlights

• Q3 FY2024 consolidated net sales reached ¥475.1 billion, up ¥39.6 billion (+9.1%) year-over-year; operating profit was ¥50.97 billion, up ¥9.81 billion (+23.8%) year-over-year.

• Ordinary profit rose to ¥53.54 billion (+32.0% year-over-year), and profit attributable to owners of parent increased to ¥37.29 billion (+18.6% year-over-year).

• Gross profit increased to ¥153.44 billion from ¥138.23 billion year-over-year.

• Comprehensive income declined 27.2% year-over-year to ¥38.26 billion.

• Earnings per share for the nine months was ¥171.10, up from ¥142.36 a year earlier.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2025: net sales ¥653.0 billion (+6.9% YoY), operating profit ¥72.5 billion (+10.9%), ordinary profit ¥75.0 billion (+15.6%), profit attributable to owners of parent ¥51.0 billion (+18.0%), EPS ¥235.07.

• No changes to the previously announced consolidated results forecast.