SRA Holdings (3817) Q3 2026 earnings summary

Executive summary

• Consolidated net sales for the nine months ended December 31, 2025, rose 7.9% year-over-year to ¥39,455 million, with operating profit up 4.2% to ¥5,807 million and net profit attributable to owners of parent up 3.7% to ¥4,120 million.

• Non-consolidated net sales increased 1.7% year-over-year to ¥17,011 million, with operating profit down 1.7% to ¥2,877 million and net profit up 1.3% to ¥3,809 million.

• Comprehensive income for the period was ¥4,064 million, nearly flat compared to the previous year.

Financial highlights

• Gross profit margin remained stable at 25.0% (consolidated), with gross profit increasing to ¥9,879 million from ¥9,484 million year-over-year.

• SG&A expenses as a percentage of sales decreased to 10.3%.

• Ordinary profit reached ¥6,639 million, up 3.8% year-over-year.

• Cash and deposits increased 12.9% year-over-year to ¥18,788 million (consolidated).

• Total assets grew 1.3% year-over-year to ¥49,723 million (consolidated), with net assets at ¥32,767 million and a capital adequacy ratio of 65.1%.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales of ¥53,500 million (+3.6% YoY), operating profit of ¥8,300 million (+4.5% YoY), ordinary profit of ¥8,150 million (+0.3% YoY), and profit attributable to owners of parent of ¥4,900 million (+45.1% YoY).

• Forecasted basic earnings per share for the full year is ¥387.85.

• Annual dividend forecast raised to ¥190.00 per share.

• Orders received decreased 1.7% year-over-year to ¥35,459 million, while backlog declined 4.3% to ¥14,020 million, indicating potential moderation in future revenue growth.