Stanley Electric (6923) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 5.8% year-over-year to 375.89 billion yen, with operating income up 20.2% to 32.94 billion yen.

• Profit attributable to owners of parent increased 37.2% year-over-year to 18.96 billion yen.

• Growth was driven by strong performance in the Americas and Asia (motorcycles), and the consolidation of Thai Stanley Electric (THS) as a subsidiary.

• Comprehensive income declined 19.2% year-over-year to 33.41 billion yen, mainly due to negative valuation differences on securities.

• Structural improvements and rationalization offset weak Japanese automobile sales in China and Asia.

Financial highlights

• Ordinary income increased 5.3% year-over-year to 36.75 billion yen; net income per share climbed 42.6% to 120.18 yen.

• Gross profit for the nine months was 76.01 billion yen, up from 63.46 billion yen year-over-year.

• Total assets as of December 31, 2024, were 794.07 billion yen, up from 708.26 billion yen at the previous fiscal year-end.

• Net assets increased to 618.86 billion yen, with a capital adequacy ratio of 63.1%.

• Foreign exchange fluctuations contributed 10.39 billion yen to net sales and 0.94 billion yen to operating income.

Outlook and guidance

• Full-year net sales forecast is 500 billion yen, up 5.8% year-over-year, with operating profit projected at 50 billion yen (up 39.5%).

• Profit attributable to owners of parent is forecast at 31.1 billion yen, up 17.4% year-over-year; basic EPS forecast at 198.93 yen.

• No changes to previously announced forecasts; actual results may differ due to various risks and uncertainties.