Business Engineering (4828) Q3 2026 earnings summary

Executive summary

• Achieved record highs in sales, profits at all levels, and order intake for the 1-3Q cumulative period, driven by strong DX demand in manufacturing and robust digital investments.

• Net sales for the nine months ended December 31, 2025, reached ¥18,579 million, up 21.8% year-over-year, with record highs in both orders received and net sales.

• Operating profit rose 40.3% to ¥5,137 million, ordinary profit increased 40.4% to ¥5,158 million, and net profit surged 48.1% to ¥3,699 million, all achieving record highs for the eighth consecutive year.

• Solutions Business and Products Business both delivered strong sales and profit growth, with major projects going live and high license sales, respectively.

• Full-year forecasts and annual dividend were revised upward, reflecting continued strong performance.

Financial highlights

• 1-3Q net sales: ¥18,579 million, up 21.8% year-over-year; operating profit: ¥5,137 million, up 40.3%; net profit: ¥3,699 million, up 48.1%.

• Gross profit for the nine months was ¥10,050 million, up from ¥8,529 million year-over-year; gross profit margin improved to 45.9%.

• Operating profit margin rose to 27.6%.

• Orders received for 1-3Q: ¥17,836 million, up 15.9% YoY.

• EBITDA for 3Q: ¥2,009 million, EBITDA margin 31.9%.

Outlook and guidance

• Full-year net sales forecast raised to ¥24,300 million (+17.0% YoY); operating profit to ¥6,400 million (+36.9% YoY); net profit to ¥4,800 million (+44.1% YoY).

• Operating and ordinary profit both forecast at ¥6,400 million, up 36.9% and 36.8% respectively.

• Full-year basic earnings per share forecast at ¥80.26, reflecting the stock split.

• Annual dividend forecast increased to ¥41.6/share (post-split), payout ratio 51.8%.

• Dividend forecast revised upward, with a year-end dividend of ¥26 per share post-split (¥130 pre-split equivalent).