For the cumulative first three quarters of fiscal year 2025, net sales were 498.7 billion yen, down 4% year-over-year. Operating income was 12.7 billion yen, down 50% year-over-year, and net income attributable to owners of parent was 18.5 billion yen, down 22% year-over-year. The full-year earnings guidance forecasts net sales of 710 billion yen, operating income of 27 billion yen, and net income of 54 billion yen.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5714","jir_company_name":"DOWA Holdings Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5714-20260210-02.pdf","jir_short_summary":"For the cumulative first three quarters of fiscal year 2025, net sales were 498.7 billion yen, down 4% year-over-year. Operating income was 12.7 billion yen, down 50% year-over-year, and net income attributable to owners of parent was 18.5 billion yen, down 22% year-over-year. The full-year earnings guidance forecasts net sales of 710 billion yen, operating income of 27 billion yen, and net income of 54 billion yen.","jir_summary":"### Performance Overview\nFor the cumulative first three quarters of fiscal year 2025, net sales were 498.7 billion yen, down 4% year-over-year, and operating income was 12.7 billion yen, down 50% year-over-year. Ordinary income was 21.9 billion yen, down 36% year-over-year, and net income attributable to owners of parent was 18.5 billion yen, down 22% year-over-year. The full-year earnings guidance forecasts net sales of 710 billion yen (up 5% YoY), operating income of 27 billion yen (down 16% YoY), ordinary income of 45 billion yen (up 3% YoY), and net income attributable to owners of parent of 54 billion yen (up 99% YoY). Major factors for profit decline include deterioration in raw material procurement conditions in the smelting segment and the booking of derivative valuation losses; however, ordinary income is expected to increase due to higher equity-method investment income driven by rising metal prices.\n\n### Business Environment and Segment Trends\nThe Environment & Recycling segment experienced steady waste disposal orders domestically and internationally. The Automotive-related segment saw increased orders and sales due to production recovery. Conversely, silver powder sales for solar panels in the New Energy segment declined amid fierce competition. Electronic Materials sales increased due to rising demand for AI servers. On the cost front, reduced electricity costs were offset by worsening smelting raw material procurement conditions and rising labor costs. By segment, the Environment & Recycling segment posted higher net sales, the Smelting segment showed net sales growth but operating income declined, and the Electronic Materials segment recorded a significant decrease in operating income.\n\n### Dividend Forecast Revision and Shareholder Returns\nThe annual dividend forecast for fiscal year 2025 has been raised from 183 yen to 318 yen, including a special dividend of 100 yen from partial transfer of Fujita Kanko shares. Share buyback is planned with a cap of 10 billion yen or 1,230,000 shares (from 2026-02-12 to 2026-05-29). Consistent with the Mid-term Plan 2027 shareholder return policy, part of the proceeds from the share sale will be prioritized for shareholder returns, aiming to achieve a 10% ROE.\n\n### Overview of Share Transfer and Future Policy\nApproximately 14,980,000 shares of Fujita Kanko Co., Ltd. (equivalent to 25% voting rights) were transferred for approximately 38.9 billion yen. Consequently, Fujita Kanko will be excluded from equity-method affiliates. The approximately 23 billion yen special profit anticipated from the transfer is expected to be reflected in the Q4 fiscal year 2025 financial results. The ongoing holding of remaining listed shares will be reviewed periodically.","jir_financial_highlights":"Net Sales: 498.7 billion yen (4% decrease YoY)\nOperating Income: 12.7 billion yen (50% decrease YoY)\nOrdinary Income: 21.9 billion yen (36% decrease YoY)\nNet Income Attributable to Owners of Parent: 18.5 billion yen (22% decrease YoY)\nFiscal Year 2025 Full-Year Earnings Guidance Net Sales: 710 billion yen (5% increase YoY)\nFiscal Year 2025 Full-Year Earnings Guidance Operating Income: 27 billion yen (16% decrease YoY)\nFiscal Year 2025 Full-Year Earnings Guidance Ordinary Income: 45 billion yen (3% increase YoY)\nFiscal Year 2025 Full-Year Earnings Guidance Net Income Attributable to Owners of Parent: 54 billion yen (99% increase YoY)\nDividend Forecast (Annual): 318 yen\/share (135 yen increase from previous forecast)\nSpecial Dividend: 100 yen\/share (Newly established)\nShare Buyback: Up to 10 billion yen or 1,230,000 shares (Newly implemented (2026-02-12 to 2026-05-29))\nShare Transfer (Partial Shares of Fujita Kanko): 14,980,000 shares, transfer price approx. 38.9 billion yen (Newly implemented (2026-02-10))","jir_category":"","jir_hashtags":"#DOWAHoldings, #SupplementaryFinancialMaterials, #JapaneseStocks","jir_key_figures":"Cumulative Q3 Fiscal Year 2025 Net Sales: 498.7 billion yen (4% decrease YoY)\nFiscal Year 2025 Full-Year Earnings Guidance Net Income Attributable to Owners of Parent: 54 billion yen (99% increase YoY)\nFiscal Year 2025 Annual Dividend Forecast: 318 yen\/share (135 yen increase from previous forecast of 183 yen)","jir_meta_title":"DOWA Holdings FY2025 Q3 Supplementary Financial Materials Net Sales 498.7 Billion Yen\u30fbNet Income 18.5 Billion Yen","jir_meta_description":"Supplementary financial materials for DOWA Holdings Q3 FY2025 results. Net sales of 498.7 billion yen (4% decrease YoY), operating income of 12.7 billion yen (50% decrease YoY), net income of 18.5 billion yen (22% decrease YoY). Full-year net income forecast revised upward to 54 billion yen. Dividend forecast increased to 318 yen.","jir_og_title":"DOWA Holdings Announces FY2025 Q3 Supplementary Financial Materials","jir_og_description":"Announcement of Q3 FY2025 results, full-year forecast, dividend revision, and share transfer overview. 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