Canare Electric (5819) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue and profit, driven by strong domestic and overseas sales, new product launches, and effective price adjustments in response to raw material cost fluctuations.

• Operating income rose 13.9% year-over-year to ¥1,582 million, and net income attributable to shareholders grew 15.5% to ¥1,200 million.

• Domestic sales were supported by large-scale projects and event equipment, while overseas sales exceeded the previous year in the US, Korea, China, Europe, and the Middle East.

Financial highlights

• Revenue rose to ¥13,114 million, up 5.9% year-over-year.

• Gross profit increased to ¥5,559 million from ¥5,204 million year-over-year.

• Operating margin improved to 12.1% from 11.2% year-over-year.

• Net assets rose to ¥19,048 million, and total assets reached ¥21,075 million.

• Cash and equivalents at year-end were ¥7,606 million, down ¥2,287 million from the previous year due to investment and dividend payments.

Outlook and guidance

• FY2026 revenue forecast at ¥13,200 million, a 0.6% increase year-over-year.

• Operating income expected to decrease by 6.4% to ¥1,480 million.

• Net income forecasted at ¥1,180 million, down 1.7% year-over-year, reflecting anticipated investments in overseas expansion and R&D.

• EPS projected at ¥172.68.

• Dividend forecast for FY2026 remains at ¥66 per share.