2025 Q3 Financial Results and 2025 Earnings Guidance Supplementary Materials

Overview of 2025 Q3 Results

For the cumulative third quarter of 2025, revenue was JPY 2,154.8 billion, down 0.6% YoY; however, excluding currency effects, revenue increased by 0.6% YoY. Operating income was JPY 158.7 billion, a decrease of 18.0% YoY, and quarterly profit was JPY 104.0 billion, down 26.0% YoY. EBITDA was JPY 304.3 billion, a 3.7% decrease. By region, Japan & East Asia posted revenue of JPY 1,028.5 billion (1.3% increase YoY), Europe recorded JPY 582.6 billion (2.2% decrease YoY), and Asia Pacific reached JPY 531.3 billion (2.4% decrease YoY).

Key Points of 2025 Full-Year Earnings Guidance

The full-year revenue forecast for 2025 is JPY 2,950.0 billion (0.4% increase YoY), with operating income expected at JPY 255.0 billion (5.2% decrease YoY). Quarterly profit is projected at JPY 169.0 billion (12.5% decrease YoY), indicating a profit decline. Capital expenditures are planned at JPY 178.5 billion, an increase of JPY 41.7 billion from the previous year. The dividend payout ratio is forecast at 46.1%, up 7.4 points from last year. Excluding currency impact, revenue is trending upward, whereas operating income is expected to decline.