TYK (5363) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, increased 5.0% year-over-year to ¥23,717 million, driven by steady demand for refractory products despite a decline in domestic crude steel production.

• Operating income rose 36.1% year-over-year to ¥3,312 million, and net income attributable to shareholders increased 22.8% to ¥2,260 million, reflecting improved cost structure and product mix.

Financial highlights

• Gross profit improved to ¥6,862 million from ¥5,816 million year-over-year.

• Operating margin increased, with operating income at ¥3,312 million (36.1% growth year-over-year).

• Ordinary income reached ¥3,848 million, up 24.5% year-over-year.

• EPS for the period was ¥50.99, up from ¥41.55 in the prior year.

• Total assets at quarter-end were ¥58,237 million, with equity ratio at 69.0%.

Outlook and guidance

• Full-year revenue forecast revised to ¥31,550 million (up 5.1% year-over-year).

• Operating income forecast raised to ¥4,370 million (up 37.3% year-over-year), and net income to ¥2,900 million (up 21.9%).

• Dividend forecast revised upward to ¥19.70 per share for the year.