Takeuchi Mfg (6432) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended November 2024 rose 4.8% year-over-year to ¥166.4 billion, driven by a weak yen and product price increases despite lower sales volume.

• Operating profit increased 32.0% year-over-year to ¥33.8 billion, and profit attributable to owners rose 23.4% to ¥23.4 billion.

• North America drove growth with a 14.6% increase in sales, while Japan, Europe, Asia, and Others saw declines.

• Orders received declined 4.6% year-over-year to ¥119.7 billion, with order backlog down ¥46.7 billion from February 29, 2024, mainly due to sluggish European demand.

Financial highlights

• Operating profit increased by ¥8.2 billion year-over-year for the nine-month period, driven by favorable exchange rates and cost management.

• Gross profit for the nine months was ¥47.4 billion, up from ¥38.5 billion year-over-year.

• Earnings per share increased to 491.78 yen from 397.52 yen year-over-year.

• Comprehensive income decreased 9.1% year-over-year to ¥23.8 billion.

• Full-year net sales are forecast at ¥215.5 billion, up 1.4% year-over-year, with operating profit expected to rise 26.1% to ¥44.5 billion.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥215.5 billion (+1.4%), operating profit of ¥44.5 billion (+26.1%), and profit attributable to owners of parent of ¥30.0 billion (+14.7%).

• Exchange rate assumptions for Q4: 138 yen/USD, 179 yen/GBP, 152 yen/EUR, 19.30 yen/CNY.

• Management notes forecasts are subject to uncertainties, especially regarding demand and foreign exchange rates.