Seria (2782) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, rose 7.0% year-over-year to ¥178,047 million, with operating profit up 17.0% to ¥13,166 million and net profit up 18.3% to ¥8,869 million.

• Existing store sales exceeded expectations, reaching 103.9% of the prior year, and the company expanded to 2,056 stores by the end of the period.

• Operational focus included cost control through product specification reviews, strengthening relationships for new store openings, and efficiency improvements via system upgrades.

Financial highlights

• Gross margin improved as cost of sales ratio decreased by 0.1 points year-over-year to 58.7%.

• SG&A ratio to sales dropped by 0.5 points, supporting an increase in operating margin to 7.4% from 6.8% year-over-year.

• EPS for the period was ¥117.88, up from ¥99.60 in the prior year.

• Total assets increased to ¥137,817 million, and net assets rose to ¥105,639 million.

Outlook and guidance

• Full-year guidance remains unchanged: revenue of ¥234,350 million (+5.0% YoY), operating profit of ¥15,550 million (+2.8%), and net profit of ¥10,300 million (+4.8%).

• Dividend forecast is maintained at ¥70 per share for the full year.