ANEST IWATA (6381) Q4 2025 earnings summary

Executive summary

• Net sales rose 1.8% year-over-year to 54,411 million yen, driven by sales recovery in Japan and strong coating equipment sales in Europe, but operating profit declined to 5,903 million yen and net income attributable to owners dropped 13.3% to 4,276 million yen.

• ROE declined to 9.4% (down 2.3 pts), while the equity ratio improved to 67.7% (up 0.9 pts).

• Year-end dividend set at 23 yen per share, 5 yen below initial forecast; annual dividend totals 45 yen, with a planned increase to 83 yen for the next fiscal year.

• Cash and cash equivalents increased by 3,077 million yen to 17,686 million yen at year-end.

Financial highlights

• Net sales: 54,411 million yen (+1.8% year-over-year); operating profit: 5,903 million yen (−0.7% to −4.4% year-over-year); net income attributable to owners: 4,276 million yen (−13.3% year-over-year).

• Ordinary profit: 7,139 million yen (−10.6% year-over-year); comprehensive income fell 18.9% to 6,627 million yen.

• Operating cash flow surged 44.0% year-over-year to 9,746 million yen; investing cash outflows increased to 3,255 million yen, and financing cash outflows rose to 3,932 million yen.

• Foreign exchange gains of 21 million yen, down 718 million yen year-over-year.

• Annual dividend per share decreased by 4 yen to 45 yen.

Outlook and guidance

• FY2025 net sales targeted at 58,000 million yen (+6.6% year-over-year); operating profit expected to decline 6.0% to 5,550 million yen; net income attributable to owners forecast at 4,150 million yen (−3.0%).

• Revenue growth expected in all regions, with focus on air compressors in Japan and India and coating equipment in Europe and the US.

• Profit decline anticipated due to higher personnel expenses and aggressive investments in new businesses and IT.

• Annual dividend for FY2025 forecast at 83 yen per share; share buybacks planned during the new Medium-Term Business Plan.

• Focus remains on overseas market expansion, M&A, and diversified investments under the new Medium-Term Business Plan.