Chori (8014) Q4 2025 earnings summary

Executive summary

• Achieved record highs in ordinary profit (¥16.2B), profit before income taxes (¥16.3B), and net profit attributable to owners of parent (¥11.7B) for the fourth consecutive year, despite a 3.6% decline in operating profit year-over-year.

• Net sales rose 1.3% year-over-year to ¥311.5B.

• Promoted the Medium-Term Management Plan (CIP2025) and launched a new SAP system in April 2025.

Financial highlights

• Gross profit increased 4.6% to ¥40.5B; basic earnings per share rose to ¥473.06 from ¥390.87 year-over-year.

• Total assets grew to ¥146.1B, net assets to ¥92.1B, and equity ratio improved to 63.0%.

• Cash and cash equivalents at year-end increased to ¥23.2B.

• Net profit attributable to owners of parent grew 21.1% year-over-year to ¥11.7B.

• Operating profit decreased 3.6% to ¥14.5B due to higher SG&A expenses.

Outlook and guidance

• FY03/2026 forecasts net sales of ¥330.0B (+5.9% YoY), operating profit of ¥15.0B (+3.5% YoY), and net profit attributable to owners of parent of ¥11.0B (-5.6% YoY).

• Profitability targets: ROA ≥7%, ROE ≥12%, ROIC ≈10% under CIP2025.

• Annual dividend forecast for FY03/2026 is ¥144 per share, up from ¥142 per share in FY03/2025.