TORIDOLL (3397) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for Q1–Q3 FY3/25 reached a record ¥201.7 billion, up 17.1% year-over-year.

• Business profit also hit a record ¥14.0 billion, up 21.1% year-over-year.

• Operating profit increased 1.6% to ¥11.5 billion, but profit attributable to owners declined 3.9% to ¥5.98 billion due to deferred tax asset reassessment and higher costs.

• EBITDA grew 10.6% year-over-year to ¥36.37 billion; adjusted EBITDA rose 12.2% to ¥37.45 billion.

• Revenue and profit are progressing in line with full-year forecasts.

Financial highlights

• Gross profit for the period was ¥153.64 billion, up from ¥130.72 billion year-over-year.

• Cost of sales rose 15.7% year-over-year, while SG&A expenses increased 17.2%.

• Business profit margin improved to 7.0% from 6.7% year-over-year.

• Operating profit margin decreased to 5.7% from 6.6% year-over-year.

• EPS for Q1–Q3 was ¥51.71, down 11.2% year-over-year; basic EPS was ¥65.03, down from ¥68.11.

Outlook and guidance

• Full-year revenue forecast is ¥265 billion, with business profit projected at ¥17.3 billion.

• Operating profit forecast is ¥11.6 billion, and profit attributable to owners is projected at ¥4.9 billion.

• Earnings per share for the full year is projected at ¥51.69.

• Marugame Seimen expected to deliver ¥127 billion in revenue and ¥21 billion in business profit for the year.

• Overseas segment revenue forecast at ¥105 billion, with business profit of ¥2.2 billion.