Western Securities Co. (002673) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 510.16% year-over-year in Q3 2025, with a 70.63% increase for the nine-month period.

• Operating revenue rose 40.33% year-over-year in Q3, but declined 2.17% for the nine months.

• Basic and diluted EPS for Q3 increased 511.31% year-over-year; nine-month EPS up 70.92%.

Financial highlights

• Q3 operating revenue: ¥1.55 billion, up 40.33% year-over-year.

• Q3 net profit: ¥458.55 million, up 510.16% year-over-year.

• Nine-month net profit: ¥1.24 billion, up 70.63% year-over-year.

• Q3 cash flow from operations: ¥3.03 billion, down 60.66% year-over-year.

• Total assets at period end: ¥110.58 billion, up 15.23% from year-end.

Outlook and guidance

• Management states that increased borrowings are within normal business scope and will not adversely affect operations or solvency.

• No negative impact expected from recent capital structure changes.