C.Uyemura & Co (4966) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for Q3 increased 9.4% year-over-year to ¥63,322 million, with operating profit up 44.3% to ¥14,523 million and net profit up 50.6% to ¥10,920 million, driven by strong demand for plating chemicals, electronics recovery, and favorable currency effects.

• Growth was led by surface treatment materials and a recovery in electronics, especially for semiconductor and automotive applications, while the machinery segment declined due to a slowdown in capital investment.

Financial highlights

• Revenue rose by ¥5,445 million (+9.4%) year-over-year; operating profit increased by ¥4,462 million (+44.3%), and ordinary profit grew by ¥4,696 million (+43.9%).

• Net profit attributable to shareholders was ¥10,920 million, up 50.6% year-over-year; EPS for the period was ¥677.14.

• Comprehensive income was ¥10,807 million, down 3.2% year-over-year.

• Gross margin improvement and yen depreciation contributed positively to earnings.

Outlook and guidance

• Full-year revenue is forecast at ¥81,600 million (+1.7% YoY), with operating profit at ¥18,100 million (+20.7%) and net profit at ¥12,800 million (+17.2%).

• No change to previously announced full-year guidance.

• The company expects continued growth in surface treatment materials, with a cautious outlook for machinery and plating processing segments.

• Sensitivity to currency: a ¥1 depreciation in USD/JPY increases annual revenue by ¥370 million and operating profit by ¥70 million.