IHI Corporation
Fiscal Year 2025 (Ending March 2026) Q3 Financial Results Presentation (IFRS)
Q3 orders for fiscal 2025 were JPY 1,364.8 billion (YoY +JPY 150.6 billion), net income attributable to owners of parent was JPY 85.0 billion (YoY +JPY 8.2 billion), and the full-year 2025 forecast was revised upward to a record-high JPY 1,940.0 billion in orders.
Key Figures
- Orders (Q3): JPY 1,364.8 billion (YoY +JPY 150.6 billion)
- Net Income (Q3): JPY 85.0 billion (YoY +JPY 8.2 billion)
- 2025 Orders Outlook: JPY 1,940.0 billion (JPY 9.0 billion upward revision)
AI要約
Overview of Q3 Fiscal 2025 Results
Orders for Q3 fiscal 2025 reached JPY 1,364.8 billion, a 12.4% increase YoY, marking a record high. Revenue declined 1.8% YoY to JPY 1,129.3 billion, yet operating income remained nearly flat at JPY 102.5 billion. Net income attributable to owners of parent increased by JPY 8.2 billion to JPY 85.0 billion, maintaining record-high levels. EBITDA also increased YoY with a 14.1% margin. Meanwhile, operating cash flow worsened to negative JPY 73.2 billion compared to the previous year.
Full-Year 2025 Earnings Outlook and Progress on Business Structural Reform
The full-year forecast for fiscal 2025 revises orders upward by JPY 9.0 billion to JPY 1,940.0 billion, with revenue projected at JPY 1,640.0 billion, operating income at JPY 160.0 billion, and net income at JPY 125.0 billion—all expected to set new records. By segment, strong demand in the nuclear power and other energy sectors has expanded orders, while the defense segment has experienced revenue and profit growth. To address deteriorating profitability in overseas operations, structural reform costs were recorded but covered by gains from business disposals. The commercial engine business faces profit pressure due to increased maintenance costs; however, consolidated operating income is expected to remain flat YoY.
