SPK (7466) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 increased by 6.1% year-over-year to ¥50,670 million, driven by strong domestic and overseas sales, especially in the automotive aftermarket and industrial vehicle sectors, and yen depreciation benefits.

• Operating profit declined by 10.8% year-over-year to ¥2,379 million due to one-time M&A expenses, higher cost of goods sold, and increased organizational expenses.

• Net income attributable to parent/shareholders decreased by 12.1%/11.8% year-over-year to ¥1,736 million, reflecting the absence of last year's special demand and rising costs.

• The largest M&A in company history was completed with the acquisition of Blitz Co., Ltd. in November 2024 to strengthen the mobility business.

Financial highlights

• Q3 revenue: ¥50,670 million, up 6.1% year-over-year; cumulative progress at 75.6% of full-year plan.

• Operating profit: ¥2,379 million, down 10.8% year-over-year; operating margin at 4.7%.

• Gross profit rose to ¥9,307 million from ¥8,774 million year-over-year.

• Net income attributable to parent: ¥1,736 million, down 12.1% year-over-year; EPS: ¥172.48.

• Comprehensive income fell 24.2% year-over-year to ¥1,808 million.

Outlook and guidance

• Full-year forecast: revenue ¥67,000 million (+5.8% YoY), operating profit ¥3,200 million (+1.7% YoY), net income ¥2,400 million (+0.3% YoY).

• Despite one-time M&A costs, aiming to achieve planned targets by incorporating acquisition effects; no changes to previously announced guidance.