Keyence (6861) investor relations material

Executive summary

• Net sales increased by 10.4% year-over-year to ¥1,169.3 billion for FY2025, with net income attributable to owners rising 11.7% to ¥445.2 billion.

• Operating income rose 8.4% year-over-year to ¥595.8 billion.

• Comprehensive income surged 23.8% year-over-year to ¥472,068 million.

• Fourth quarter saw accelerated growth, with net sales up 17.9% and net income up 25.4% year-over-year.

• Earnings per share increased to ¥1,835.63 from ¥1,643.77 year-over-year.

Financial highlights

• Gross profit reached ¥970,737 million, up from ¥887,700 million year-over-year.

• Operating margin was 51.0%, slightly down from 51.9% the previous year.

• FY2025 4Q operating income margin remained strong at 53.6%.

• Gross margin held steady at 83.5% in 4Q, matching the previous year.

• Total assets grew to ¥3,670,655 million from ¥3,289,224 million year-over-year.

Outlook and guidance

• Focus on sustainable growth through investments in new product development, overseas expansion, and business infrastructure.

• Strategic M&A and human capital investment prioritized for medium- to long-term value creation.

• Annual dividend forecast for the year ending March 20, 2027 is ¥550.00 per share.

• Stable dividends and flexible share repurchases to continue.

• Management notes forecasts are based on current information and reasonable assumptions, with actual results potentially differing.