November 13, 2025
JASDAQコード：6425
Securities Code: 6425
(Millions of yen)
As of Dec. 31, 2024 | As of Sep. 30, 2025 | Variance | Main variances | |
Current assets | 78,856 | 80,500 | 1,644 | |
Cash and deposits | 23,795 | 27,359 | 3,563 | |
Notes and accounts receivable - trade | 5,804 | 4,427 | -1,376 | |
Marketable securities | 279 | 137 | -142 | |
Merchandise and finished goods | 2,453 | 2,608 | 155 | |
Work in process | 17,952 | 16,895 | -1,056 | |
Raw materials and supplies | 12,944 | 12,377 | -567 | |
Others | 16,481 | 18,183 | 1,702 | Prepaid Expenses: +560, Loans (Reclassified from Non-current assets): +712 |
Allowance for doubtful accounts | -854 | -1,488 | -634 | |
Non-current assets / investments | 553,082 | 509,156 | -43,925 | Decrease in value due to fluctuation of foreign exchange rate(1) |
Buildings and structures | 359,800 | 333,431 | -26,369 | |
Construction in progress | 9,665 | 8,177 | -1,487 | |
Lease assets | 51,515 | 47,474 | -4,040 | |
Non-current assets, others | 36,229 | 32,623 | -3,605 | |
Intangible assets | 2,041 | 2,097 | 56 | |
Investment securities | 10,250 | 9,582 | -668 | Decrease due to Sale of Shares of Asiabest Group: 1,355 |
Long-term deposits | 9,735 | 9,159 | -575 | |
Long-term deposits to subsidiaries and affiliates | 38,351 | 36,086 | -2,265 | |
Long-term account receivables from subsidiaries and affiliates | 9,967 | 7,788 | -2,178 | Decrease due to offset between consolidated subsidiary and associated company 1,571 |
Others | 30,567 | 29,507 | -1,059 | Loans (Reclassified to Current assets): -712 |
Allowance for doubtful accounts | -5,041 | -6,772 | -1,730 | |
Deferred assets | 857 | 716 | -140 | |
Total assets | 632,795 | 590,374 | -42,421 | Decrease in value due to fluctuation of foreign exchange rate(1) |
(1) PHP: CR 2.73 as of 31 Dec. 2024 to CR 2.56 as of 30 Sep. 2025 / USD: CR 158.15 as of 31 Dec. 2024 to CR 148.81 as of 30 Sep. 2025
(Millions of yen)
As of Dec. 31, 2024 | As of Sep. 30, 2025 | Variance | Main variances | |
Current liabilities | 43,341 | 36,309 | -7,031 | |
Notes and accounts payable - trade | 6,290 | 5,113 | -1,177 | |
Current portion of long-term borrowings | 948 | 1,760 | 811 | |
Accounts payable - others | 6,020 | 4,653 | -1,367 | |
Accrued expenses | 9,709 | 8,245 | -1,463 | |
Income tax payable | 43 | 151 | 108 | |
Provision for bonuses | 93 | 337 | 243 | |
Others | 20,234 | 16,046 | -4,187 | Suspend Receipt (Reclassified as Compensation income due to finalized judgement): -3,512 |
Non-current liabilities | 219,723 | 205,359 | -14,364 | Decrease in value due to fluctuation of foreign exchange rate(1) |
Notes | 62,913 | 59,712 | -3,200 | |
Long-term borrowings | 62,152 | 56,198 | -5,954 | |
Retirement benefit liability | 1,099 | 1,368 | 268 | |
Long-term deposits received from subsidiaries and affiliates | 14,233 | 13,392 | -840 | |
Lease obligations | 61,420 | 58,440 | -2,980 | |
Others | 17,902 | 16,246 | -1,656 | (UEC) Deferred tax liabilities: -1,399 |
Total liabilities Net assets | 263,064 369,731 | 241,669 348,705 | -21,395 -21,025 | Decrease in value due to fluctuation of foreign exchange rate(1) |
Share capital | 98 | 98 | 0 | |
Capital surplus | 18,828 | 18,828 | 0 | |
Retained earnings | 342,614 | 331,965 | -10,649 | Net loss: 10,649 |
Treasury shares | -7,298 | -7,299 | 0 | |
Unrealized loss on marketable securities | -32 | -37 | -5 | |
Foreign currency translation adjustment | 15,693 | 5,275 | -10,418 | TRLEI foreign currency translation adjustment: -12,046(1) |
Remeasurements of defined benefit plans | -170 | -124 | 46 | |
Total liabilities and net assets | 632,795 | 590,374 | -42,421 |
(1) PHP: CR 2.73 as of 31 Dec. 2024 to CR 2.56 as of 30 Sep. 2025 / USD: CR 158.15 as of 31 Dec. 2024 to CR 148.81 as of 30 Sep. 2025
700,000
600,000
500,000
400,000
300,000
200,000
100,000
（Millions of yen）
219,723
43,341
80,500
36,309
205,359
509,156
369,731
348,705
590,374 590,374
632,795
632,795
78,856
553,082
0
FY2024
Assets
FY2024
Liabilities and Net Assets
FY2025 Q3
Assets
Current Quarter | Comparison | |
FY2025 Q3 | FY2024 | |
Assets | 590,374 | -6.7% |
Current Assets | 80,500 | +2.0% |
Non-Current Assets/ Investments | 509,156 | -7.9% |
Liabilities | 241,669 | -8.1% |
Current Liabilities | 36,309 | -16.2% |
Non-Current Liabilities | 205,359 | -6.5% |
Net Assets | 348,705 | -5.6% |
Total Liabilities and Net Assets | 590,374 | -6.7% |
FY2025 Q3
Liabilities and Net Assets
(Millions of yen)
First 9 months of FY2024 | First 9 months of FY2025 | Variance | Main variances and major items in the first 9 months of FY2025 | |
Net sales | 92,366 | 92,572 | 206 | |
Cost of sales | 38,470 | 38,712 | 242 | |
Gross profit | 53,895 | 53,860 | -35 | |
Gross profit margin (%) | 58.3 | 58.1 | -0.1 | |
Selling, general and administrative expenses | 53,472 | 54,140 | 668 | |
Operating profit (loss) | 423 | -280 | -704 | |
Operating profit margin (%) | 0.4 | -0.3 | -0.7 | |
Non-operating income | 3,685 | 2,600 | -1,085 | First 9 months of 2025 Foreign exchange loss: 5,598 (foreign currency dominated receivables: USD158.15 in December 2024 to USD148.81 in September 2025) Interest expenses: 11,582 (including interest on notes: 5,009) Provision of allowance for doubtful accounts: 2,015 Share of profit of entities accounted for using equity method: +1,367 (Reference) Breakdown in the First 9 months of 2024: Foreign exchange gains: 2,058, Interest expenses: 15,613 |
Non-operating expenses | 16,084 | 19,451 | 3,367 | |
Ordinary loss | -11,974 | -17,131 | -5,157 | |
Ordinary profit margin (%) | -12.9 | -18.5 | -5.5 | |
Extraordinary income | 108 | 6,496 | 6,387 | Compensation income (Reclassified from suspend receipt due to finalized judgement): 3,512, Gain on Sales of Non-current Assets: 2,981 |
Extraordinary losses | 1,252 | 1,019 | -232 | |
Loss before income taxes and others | -13,118 | -11,654 | 1,463 | |
Income taxes | 6,343 | -1,005 | -7,349 | |
Net loss | -19,461 | -10,649 | 8,812 | |
Net loss attributable to non-controlling interests | - | - | - | |
Net loss attributable to owners of parent | -19,461 | -10,649 | 8,812 |