Unitika (3103) Q3 2025 earnings summary

Executive summary

• Net sales rose 8.1% year-over-year to ¥93,547 million for the nine months ended December 31, 2024, with operating profit at ¥4,294 million, reversing a prior-year loss.

• Ordinary profit reached ¥5,007 million, aided by ¥1,241 million in foreign exchange gains, but a ¥31,621 million impairment loss led to a net loss attributable to owners of parent of ¥24,399 million.

• Comprehensive income was negative ¥25,007 million, reflecting the large impairment and other comprehensive losses.

Financial highlights

• Gross profit increased to ¥19,195 million from ¥13,360 million year-over-year.

• Operating profit improved to ¥4,294 million from a loss of ¥2,618 million in the prior year.

• Net assets fell to ¥13,240 million from ¥38,247 million at the previous fiscal year-end, mainly due to the impairment loss.

• Total assets decreased to ¥157,204 million from ¥186,333 million, primarily from a decline in property, plant, and equipment.

Outlook and guidance

• Full-year net sales forecast is ¥125,000 million (up 5.6% year-over-year), with operating and ordinary profit each at ¥5,000 million.

• Net loss for the year is projected at ¥24,000 million, with EPS of ¥(416.27).

• Forecasts were revised following recognition of extraordinary losses and business structure improvement expenses.