Tachibana Eletech (8159) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥159,888 million, a 6.4% decrease year-over-year. Operating income fell 33.9% to ¥5,730 million, and net income attributable to shareholders dropped 16.4% to ¥5,409 million.

• The business environment was impacted by prolonged inventory adjustments, high raw material costs, currency fluctuations, and weak demand in China, though signs of order recovery emerged.

• Strategic initiatives included expanding automation and digital solutions, and establishing a new sales subsidiary in India to capture local demand.

Financial highlights

• Gross profit for the period was ¥21,234 million, down from ¥24,316 million year-over-year.

• Comprehensive income was ¥5,300 million, a 41.7% decrease year-over-year.

• EPS for the period was ¥228.83, compared to ¥264.23 in the prior year.

• Total assets at period-end were ¥176,267 million, with net assets of ¥93,365 million and an equity ratio of 53.0%.

Outlook and guidance

• Full-year revenue is forecast at ¥220,000 million, down 4.8% year-over-year, with operating income of ¥8,400 million (down 22.0%) and net income of ¥6,500 million (down 23.3%).

• Dividend forecast remains unchanged at ¥100 per share for the full year.