DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 12, 2025
Company name: TEIKOKU SEN-I CO.,Ltd. Listing: Tokyo Stock Exchange
Securities code: 3302
URL: https://www.teisen.co.jp/ Representative: Tsuyoshi Shiraiwa, Chairman & CEO Inquiries: Tatsuru Okamura, Vice President
Telephone: +81-3-3281-3022
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the nine months ended September 30, 2025 (from January 1, 2025 to September 30, 2025)
Note: Comprehensive income For the nine months ended September 30, 2025:
¥5,992 million
[162.1%]
For the nine months ended September 30, 2024:
¥2,286 million
[(63.4)%]
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Nine months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
September 30, 2025
24,303
9.6
2,812
37.6
3,999
29.6
2,785
27.4
September 30, 2024
22,183
7.4
2,044
12.5
3,086
14.3
2,187
18.8
Basic earnings per share
Diluted earnings per share
Nine months ended
Yen
Yen
September 30, 2025
108.06
107.44
September 30, 2024
83.71
83.00
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
September 30, 2025
85,424
69,690
81.4
2,715.95
December 31, 2024
82,850
66,536
80.0
2,534.19
Reference: Equity
As of September 30, 2025: ¥69,532 million
As of December 31, 2024: ¥66,269 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended December 31, 2024
-
0.00
-
50.00
50.00
Fiscal year ending December 31, 2025
-
0.00
-
Fiscal year ending December 31, 2025 (Forecast)
55.00
55.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending December 31, 2025 (from January 1, 2025 to December 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending December 31, 2025 | Millions of yen 36,500 | % 15.9 | Millions of yen 4,800 | % 38.7 | Millions of yen 6,000 | % 31.8 | Millions of yen 4,200 | % 29.1 | Yen 160.61 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Note: For details, see "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes on Quarterly Consolidated Financial Statements (Notes on Changes in Accounting Policy)" are available.
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2025
27,584,400 shares
As of December 31, 2024
27,524,400 shares
Number of treasury shares at the end of the period
As of September 30, 2025
1,983,000 shares
As of December 31, 2024
1,374,209 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2025 | 25,781,064 shares |
Nine months ended September 30, 2024 | 26,127,098 shares |
The Company has introduced a performance-linked stock-based compensation plan, the Stock Benefit Trust (BBT), and includes the Company's remaining shares in the Stock Benefit Trust (BBT) in the number of treasury shares at the end of the fiscal year and the number of treasury shares to be deducted for the calculation of the average number of shares during the period.
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors. For matters related to earnings forecasts, please refer to "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
Quarterly consolidated balance sheet(Thousands of yen)
As of December 31, 2024 As of September 30, 2025Assets | ||
Current assets | ||
Cash and deposits | 12,693,887 | 14,797,563 |
Notes and accounts receivable - trade, and contract assets | 8,660,575 | 4,265,888 |
Securities | 5,999,384 | 4,997,513 |
Merchandise and finished goods | 7,864,569 | 8,018,772 |
Work in process | 1,199,072 | 1,949,910 |
Raw materials and supplies | 987,751 | 910,736 |
Other | 2,852,290 | 2,572,728 |
Total current assets | 40,257,532 | 37,513,113 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 6,921,745 | 6,690,212 |
Machinery, equipment and vehicles, net | 714,107 | 725,498 |
Tools, furniture and fixtures, net | 374,866 | 364,529 |
Land | 4,000,340 | 3,990,155 |
Construction in progress | 97,138 | 261,284 |
Total property, plant and equipment | 12,108,198 | 12,031,680 |
Intangible assets | 47,206 | 59,397 |
Investments and other assets | ||
Investment securities | 29,767,694 | 34,726,786 |
Retirement benefit asset | 116,575 | 85,573 |
Deferred tax assets | 154,570 | 164,545 |
Other | 398,562 | 843,347 |
Total investments and other assets | 30,437,403 | 35,820,252 |
Total non-current assets | 42,592,807 | 47,911,330 |
Total assets | 82,850,340 | 85,424,443 |
(Thousands of yen)
As of December 31, 2024 | As of September 30, 2025 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 3,845,321 | 1,791,735 |
Current portion of long-term borrowings | 44,000 | 44,000 |
Income taxes payable | 857,851 | 515,284 |
Provision for bonuses | - | 274,241 |
Other | 1,960,770 | 1,302,287 |
Total current liabilities | 6,707,944 | 3,927,548 |
Non-current liabilities | ||
Long-term borrowings | 56,000 | 23,000 |
Long-term guarantee deposits | 409,403 | 403,523 |
Deferred tax liabilities | 8,077,357 | 9,837,314 |
Retirement benefit liability | 134,320 | 138,005 |
Provision for share awards for directors (and other officers) | 665,169 | 836,798 |
Asset retirement obligations | 76,477 | 76,482 |
Long-term accounts payable - other | 78,650 | 78,650 |
Other | 108,590 | 412,292 |
Total non-current liabilities | 9,605,969 | 11,806,066 |
Total liabilities | 16,313,913 | 15,733,615 |
Net assets | ||
Shareholders' equity | ||
Share capital | 1,635,762 | 1,689,882 |
Capital surplus | 1,028,587 | 1,100,156 |
Retained earnings | 45,998,548 | 47,454,852 |
Treasury shares | (1,062,870) | (2,588,858) |
Total shareholders' equity | 47,600,028 | 47,656,032 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 18,597,568 | 21,752,602 |
Deferred gains or losses on hedges | 71,893 | 123,437 |
Total accumulated other comprehensive income | 18,669,461 | 21,876,039 |
Share acquisition rights | 266,936 | 158,756 |
Total net assets | 66,536,426 | 69,690,827 |
Total liabilities and net assets | 82,850,340 | 85,424,443 |
Quarterly consolidated statement of income | (Thousands of yen) | ||
Nine months ended September 30, 2024 | Nine months ended September 30, 2025 | ||
Net sales | 22,183,478 | 24,303,165 | |
Cost of sales | 16,409,027 | 17,429,275 | |
Gross profit | 5,774,451 | 6,873,890 | |
Selling, general and administrative expenses | 3,730,173 | 4,061,661 | |
Operating profit | 2,044,277 | 2,812,228 | |
Non-operating income | |||
Interest income | 3,573 | 18,938 | |
Dividend income | 1,023,683 | 1,130,143 | |
Share of profit of entities accounted for using equity method | - | 764 | |
Other | 19,444 | 44,265 | |
Total non-operating income | 1,046,701 | 1,194,112 | |
Non-operating expenses | |||
Interest expenses | 2,190 | 3,093 | |
Share of loss of entities accounted for using equity method | 75 | - | |
Foreign exchange losses | 2,333 | 2,100 | |
Commission expenses | - | 1,351 | |
Other | 87 | 317 | |
Total non-operating expenses | 4,686 | 6,864 | |
Ordinary profit | 3,086,291 | 3,999,477 | |
Extraordinary income | |||
Gain on sale of non-current assets | 1,000 | 579 | |
Gain on sale of membership | 12,022 | - | |
Total extraordinary income | 13,023 | 579 | |
Extraordinary losses | |||
Loss on disposal of non-current assets | 48 | 1,803 | |
Loss on disposal of membership | 5,500 | 172 | |
Total extraordinary losses | 5,548 | 1,976 | |
Profit before income taxes | 3,093,766 | 3,998,080 | |
Income taxes - current | 1,018,088 | 1,288,221 | |
Income taxes - deferred | (111,506) | (76,058) | |
Total income taxes | 906,582 | 1,212,163 | |
Profit | 2,187,183 | 2,785,917 | |
Profit attributable to owners of parent | 2,187,183 | 2,785,917 |
Quarterly consolidated statement of comprehensive income | (Thousands of yen) | ||
Nine months ended September 30, 2024 | Nine months ended September 30, 2025 | ||
Profit | 2,187,183 | 2,785,917 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 216,373 | 3,155,033 | |
Deferred gains or losses on hedges | (117,250) | 51,543 | |
Total other comprehensive income | 99,122 | 3,206,577 | |
Comprehensive income | 2,286,306 | 5,992,495 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 2,286,306 | 5,992,495 |
(Notes on segment information, etc.) Segment Information
The nine months of the previous fiscal year (January 1, 2024 to September 30, 2024)
Information on sales and the amount of profit or loss for each reported segment, as well as revenue breakdown information
(Thousands of yen)
Disaster Prevention and Preparedness
Textile
Real Estate
Other
Total
Adjustment amount (Note) 1
Quarterly Consolidated Statements of Income (Note)2
Sales
6,913,823
11,313,390
1,431,482
2,097,480
-
-
-30,140
8,345,306
13,441,010
-
-
8,345,306
13,441,010
Government
Other
Revenue generated from customer contracts
18,227,214
3,528,962
-
30,140
21,786,316
-
21,786,316
Other Earnings
-
-
397,161
-
397,161
-
397,161
Revenues from external customers
18,227,214
3,528,962
397,161
30,140
22,183,478
-
22,183,478
Transactions with other segments
768
78,251
-
-
79,019
(79,019)
-
Total
18,227,982
3,607,213
397,161
30,140
22,262,498
(79,019)
22,183,478
Segment Profit
2,290,280
542,699
298,907
14,004
3,145,891
(1,101,614)
2,044,277
Note: 1. Segment profit adjustment of (1,101,614) thousand yen includes (1,620) thousand yen for inter-segment transactions and (1,099,993) thousand yen for company-wide expenses that have not been allocated to each reporting segment. Corporate expenses are primarily general and administrative expenses that are not attributable to the Reporting segment.
2. The sum of segment profit and adjustments are in line with operating income in the quarterly consolidated statements of income.
The nine months of the current fiscal year (January 1, 2025 to September 30, 2025)
Information on sales and the amount of profit or loss for each reported segment, as well as information on the breakdown of revenues
(Thousands of yen)
Disaster Prevention and Preparedness
Textile
Real Estate
Total
Adjustment amount (Note) 1
Quarterly Consolidated Statements of Income (Note)2
Sales
6,881,429
13,123,996
1,657,237
2,237,757
-
-
8,538,666
15,361,753
-
-
8,538,666
15,361,753
Government
Other
Revenue generated from customer contracts
20,005,425
3,894,994
-
23,900,419
-
23,900,419
Other Earnings
-
-
402,745
402,745
-
402,745
Revenues from external customers
20,005,425
3,894,994
402,745
24,303,165
-
24,303,165
Transactions with other segments
1,435
33,458
-
34,894
(34,894)
-
Total
20,006,861
3,928,453
402,745
24,338,060
(34,894)
24,303,165
Segment Profit
3,145,747
596,676
302,993
4,045,417
(1,233,189)
2,812,228
Note: 1. Segment profit adjustment of (1,233,189) thousand yen includes (1,159) thousand yen for the elimination of inter-segment transactions and (1,232,030) thousand yen for company-wide expenses that have not been allocated to each reporting segment. Corporate expenses are primarily general and administrative expenses that are not attributable to the Reporting segment.
The sum of segment profit and adjustments are in line with operating income in the quarterly consolidated statements of income.
2. Changes to Reporting Segments, etc.
As a result of the transfer of the insurance agency business that was included in the "Other" section in the previous fiscal year, the "Other" reporting segment was abolished from the first quarter of the fiscal year .