Wedge Industrial (000534) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥315.17 million, up 14.79% year-over-year; year-to-date revenue was ¥940.60 million, up 21.00% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥50.53 million, up 23.90% year-over-year; year-to-date net profit was ¥169.94 million, up 22.45% year-over-year.

• Excluding non-recurring items, net profit for Q3 was ¥46.37 million, up 38.15% year-over-year; year-to-date was ¥156.66 million, up 31.79% year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥0.1005, up 20.94% year-over-year; year-to-date was ¥0.3402, up 21.24%.

• Diluted EPS for Q3 was ¥0.0985, up 23.28% year-over-year; year-to-date was ¥0.3352, up 23.19%.

• Gross margin improved as revenue growth outpaced cost increases, despite a 38.09% rise in operating costs due to strong high-temperature alloy sales.

• Net cash flow from operating activities for Q3 was ¥16.64 million, down 67.45% year-over-year.

• Total assets at period end were ¥4.35 billion, up 9.60% from the previous year-end.

Outlook and guidance

• Significant increase in contract liabilities (up 625.89% from year start) signals robust order inflow and strong future revenue visibility.