Okabe (5959) investor relations material

Executive summary

• Net sales increased 2.9% year-over-year to 69,758 million yen, with operating profit up 13.5% to 4,762 million yen and profit attributable to owners of parent at 3,285 million yen, reversing a loss from the prior year.

• Construction-related products saw a 2.6% sales increase, while other businesses grew 5.7% in sales and 36.0% in operating profit year-over-year.

• Overseas sales rose 12.2% year-over-year, driven by strong U.S. demand and expanded logistics capabilities.

Financial highlights

• Gross profit rose to 21,714 million yen from 21,160 million yen year-over-year.

• Ordinary profit increased 14.9% year-over-year to 5,081 million yen.

• Net assets grew to 61,906 million yen, with an equity ratio of 72.8%.

• Cash and cash equivalents at year-end decreased to 8,463 million yen, down 2,900 million yen from the prior year.

• Dividend payout ratio for the year was 57.1%, with an annual dividend of 41 yen per share.

Outlook and guidance

• For FY2026, net sales are forecast to rise 3.9% to 72,500 million yen, with operating profit up 8.1% and profit attributable to owners of parent up 12.6% to 3,700 million yen.

• The company targets a 6% ROE for FY2026 and aims to improve capital efficiency and shareholder returns.

• Annual dividend for FY2026 is projected at 42 yen per share, with a payout ratio of 51.8%.