Joshin Denki Co., Ltd.
FY2025 (Fiscal Year Ending March 2026) Q3 Financial Results Presentation
Cumulative sales for the first three quarters of FY2025 reached JPY 325.03 billion, a 10.2% increase YoY; operating income was JPY 3.08 billion, up 107.2% YoY, marking a substantial profit increase.
Key Figures
- Sales: JPY 325,032 million (YoY +10.2%)
- Operating Income: JPY 3,082 million (YoY +107.2%)
- Quarterly Net Income: JPY 2,801 million (YoY +17.0%)
AI要約
Overview of Performance
Cumulative sales for the first three quarters (April-December) of FY2025 totaled JPY 325.03 billion, representing a 10.2% increase year-over-year. In-store sales amounted to JPY 263.79 billion (up 10.4% YoY), and internet sales recorded JPY 59.07 billion (up 20.0% YoY), both showing robust growth. Gross profit increased by 5.0% to JPY 79.13 billion. Selling, general and administrative expenses rose 3.0% to JPY 76.06 billion; however, operating income increased significantly to JPY 3.08 billion from JPY 1.49 billion in the previous year. Ordinary income also increased 108.9% YoY to JPY 2.87 billion. Quarterly net income rose 17.0% to JPY 2.81 billion.
Segment and Sales Trends
Internet sales achieved a record high, and in-store sales per store reached the 1.2 billion yen level. By product segment, sales of games, models, toys, and musical instruments reached JPY 51.62 billion (up 26.9% YoY), air conditioners JPY 38.29 billion (up 7.8% YoY), and mobile phones JPY 37.69 billion (up 16.1% YoY), all performing strongly. Personal computers and electrical appliances such as microwaves and cooking devices also recorded increased sales.
Full-Year Earnings Forecast
The full-year sales forecast for FY2025 is JPY 404.0 billion, a 0.2% increase YoY. Operating income is projected at JPY 4.0 billion, up 8.5%, and ordinary income at JPY 4.0 billion, up 14.6%. Conversely, net income attributable to owners of the parent is expected to decline 17.8% to JPY 2.8 billion. The Q4 forecast (January-March) anticipates sales of JPY 78.97 billion, operating income of JPY 917 million, ordinary income of JPY 1.13 billion, and a net loss for the period.
Corporate Activities and Personnel Changes
The company plans to acquire all shares of Kabushiki Kaisha DO’s remodeling business to make it a subsidiary. Contract signing date is December 23, 2025; effective date of the absorption-type split is February 1, 2026; and acquisition execution date is scheduled for February 5, 2026. Additionally, from January 2026 onward, changes in executive roles have been made, including positions responsible for marketing and logistics strategy, retail strategy, development and construction, sales management, ICT/DX, e-commerce business, legal and risk management, solution business/mobile business, and smart life support services.
