Kurita Water Industries ( (KTWIF) ) has released its Q3 earnings. Here is a breakdown of the information Kurita Water Industries presented to its investors.
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Kurita Water Industries Ltd., based in Tokyo, Japan, specializes in water treatment solutions for the electronics and general industries, offering a wide range of products and services aimed at enhancing water quality and sustainability. In its latest earnings report for the nine months ending December 31, 2024, Kurita Water Industries posted net sales of 300,842 million yen, marking a 4.9% increase from the previous year. The company also reported a profit attributable to owners of the parent company of 24,235 million yen, translating to 215.55 yen per share, reflecting a 10.6% rise year-on-year.
The company’s financial performance was bolstered by a robust 11% increase in total consolidated orders, amounting to 312,517 million yen. The Electronics Industry segment saw a 16.1% increase in orders, driven by large-scale water treatment projects and a recovering semiconductor market, while the General Industry segment experienced a 6.9% rise in orders, particularly in Japan, due to strategic acquisitions and consolidation efforts. Operating profit rose by 13.7% to 34,709 million yen, supported by strategic cost management and an improved cost of sales ratio.
Kurita Water Industries also reported strategic business expansions, including mergers in South Korea and Japan, aimed at boosting its market presence and service offerings. These efforts align with the company’s medium-term management plan, which emphasizes creating shared value with society and expanding its high-value CSV business.
Looking ahead, Kurita Water Industries maintains its earlier earnings forecast for the fiscal year ending March 31, 2025, despite global economic uncertainties. The company’s commitment to sustainability and innovation positions it well for continued growth in the water treatment sector, as it seeks to address evolving customer needs and environmental challenges.
