BIPROGY (8056) Q4 2025 earnings summary

Executive summary

• FY March 2025 revenue rose 9.2% to ¥404,010m; operating profit increased 17.4% to ¥39,066m, with operating margin up 0.7pt to 9.7%.

• Profit attributable to owners of parent grew 6.8% to ¥26,965m; adjusted operating profit rose 13.6% to ¥38,420m.

• Orders grew 4.6% to ¥404.0bn; total backlog was ¥289.8bn, with next-FY backlog up 5.9% to ¥149.1bn.

• Management Policies (2024–2026) focus on sustainable business portfolios and a stronger business platform, with growth areas including DX, banking, retail automation, energy, mobility and global expansion.

Financial highlights

• Q4 revenue increased 12.1% YoY to ¥124.7bn; operating profit rose 51.8% to ¥13.9bn, with margin up 2.9pt to 11.1%.

• FY revenue growth included services +¥20.2bn and product sales +¥13.7bn; adjusted operating profit rose ¥4.6bn, including ¥4.7bn growth from services, partly offset by higher SG&A.

• Gross profit increased 8.9% to ¥105.8bn; SG&A rose 6.4% to ¥67.4bn, including higher personnel and internal-system renewal expenses.

• Total assets reached ¥330,876m; period-end cash was ¥64,801m, up ¥5,538m YoY.

• Operating cash flow was ¥44,916m, investing cash flow -¥8,926m and financing cash flow -¥30,613m; basic EPS rose to ¥272.65 from ¥251.15.

Outlook and guidance

• FY March 2026 forecast: revenue ¥420.0bn (+4.0%), operating profit ¥42.6bn (+9.0%), net profit ¥29.0bn (+7.5%) and operating margin 10.1%.

• Adjusted operating profit is forecast at ¥42.0bn (+9.3%) and adjusted operating margin at 10.0%; services profitability is expected to improve as services and product sales grow.

• FY March 2027 revenue target raised to ¥440.0bn from ¥420.0bn; ROE target raised to at least 17.0% from 15.0%, while adjusted operating margin target remains 11.0%.