Fullcast Holdings (4848) Q3 2025 earnings summary

Executive summary

• Net sales rose 5.9% year-over-year to ¥53,481 million for the first three quarters, with growth across all segments despite the exclusion of BOD Co., Ltd. from consolidation in the prior year.

• Operating profit increased 16.7% year-over-year to ¥6,093 million, driven by higher sales and reduced strategic investment costs.

• Ordinary profit grew 16.2% year-over-year, while profit attributable to owners of parent declined 1.7% to ¥4,070 million due to a prior-year gain from the sale of BOD Co., Ltd.

• Four new subsidiaries were consolidated during the period, expanding the group’s business scope.

• Comprehensive income was 3,977 million yen, down 5.2% year-over-year.

Financial highlights

• Gross profit increased 6.2% year-over-year to ¥19,102 million.

• SG&A expenses rose 1.9% year-over-year to ¥13,008 million.

• Operating profit margin improved by 1.1 percentage points to 11.4%.

• Basic earnings per share were 116.38 yen, up slightly from 115.81 yen year-over-year.

• Dividend per share forecast for FY12/25 is 63.00 yen, up from 62.00 yen in FY12/24.

Outlook and guidance

• Business results for the first three quarters are progressing within initial assumptions; no revision to full-year forecasts.

• Full-year net sales forecast is 73,020 million yen, up 6.5% year-over-year.

• Operating profit is projected at 8,325 million yen, up 16.7% year-over-year.

• Profit attributable to owners of parent is forecast at 5,482 million yen, nearly flat year-over-year.

• Progress rates for net sales, operating profit, and profit attributable to owners of parent are all above 70% of full-year targets.