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Maeda Kosen's Q3 Financial Report for FY 2025

Maeda Kosen Co., Ltd. (headquartered in Minato, Tokyo and led by President Naohiro Maeda) announced its financial results for the third quarter of the fiscal year ending June 2025 on May 15, 2025. The report covers the period from July 1, 2024, to March 31, 2025.

During this third quarter, the consolidated total sales reached 47,558 million yen, reflecting a 13.5% increase compared to the same period last year. On the profit side, operating income climbed to 10,152 million yen, a significant rise of 26.0%. Ordinary income stood at 10,227 million yen, marking a 25.1% increase, while the net income attributable to shareholders amounted to 7,004 million yen, increasing by 25.3% year-on-year.

Segment Performance

Social Infrastructure Business

In the dominant public works segment, the strong performance of sales in earth reinforcement materials, riverbank protection materials, and marine civil engineering products led to sales and profits surpassing the previous year’s figures. The nonwoven fabric business also saw a recovery in sales for automotive materials, alongside healthy orders for medical and hygiene supplies, contributing to a rise in both sales and profits compared to the previous year.

However, the agricultural materials sector under Future Agri, Inc. reported stagnation in certain products, such as horticultural greenhouses. Additionally, the seafood processing services at Kushiro Hi-Mil Inc. faced pricing pressures due to foreign product influxes, resulting in year-on-year declines in both sales and profits in the agricultural and fishery-related sectors. Conversely, certain products handled by Future Tech Co., specializing in tarpaulins and canvas cloth, performed well, especially in defense-related products, resulting in increased sales and profits.

Furthermore, the overseas subsidiary, Maeda Kosen Vietnam Co., Ltd., reported positive sales and profit growth due to an expansion of product offerings and stable order acquisitions. Notably, since this third-quarter, the financial results of Saikobo Co., which became a subsidiary on December 19, 2024, have been included in the consolidation scope.

Overall, the sales in this segment totaled 26,618 million yen, a 7.7% increase year-on-year, with operating profit reaching 5,966 million yen, up 10.8% from the previous year.

Industry Infrastructure Business

The automobile forged wheel segment witnessed steady sales both domestically and abroad, thanks to strong performance by overseas subsidiary BBS Motorsport GmbH in European sales. This led to favorable revenue and profit trends compared to the previous year.

On the other hand, the clothing and various industrial materials business faced challenges amid rising costs due to electricity and raw material price increases. Nevertheless, recovery in sales of precision wiping cloths and other items helped stabilize the segment, achieving positive sales and profit forecasts.

Consequently, sales in this segment reached 20,939 million yen, marking a remarkable 21.9% increase year-on-year, with operating profits soaring to 5,185 million yen, a 49.0% leap from the previous year.

For more detailed information, please refer to the official financial statement released by Maeda Kosen Co. at Maeda Kosen IR.

Company Overview

Established in 1972, Maeda Kosen has dedicated itself to the development and maintenance of social infrastructure. Their operations encompass the manufacturing and sale of civil engineering materials, various industrial materials crafted from fibers, and nonwoven fabric production and processing. As a comprehensive enterprise in geosynthetics, Maeda Kosen plays a vital role in fostering safe and prosperous communities while contributing to a disaster-resilient nation.