COMSYS (1721) Q4 2025 earnings summary

Executive summary

• Orders received rose 3.4% year-over-year to ¥638.8 billion, exceeding the full-year target by 6.5%.

• Net sales increased 7.6% year-over-year to ¥614.6 billion, surpassing the target by 2.4%.

• Operating profit grew 17.3% year-over-year to ¥45.9 billion, 15% above target.

• Profit attributable to owners of parent climbed 9.6% year-over-year to ¥30.0 billion, 11.4% above target.

• The company focused on productivity improvements via DX and sustainability initiatives.

Financial highlights

• Gross profit margin improved to 13.7% from 13.3% year-over-year.

• Operating margin increased to 7.5% from 6.9% year-over-year; ROE rose to 8.2% from 7.8%.

• Net profit margin rose to 4.9% from 4.8% year-over-year.

• Dividend per share increased to ¥115.00, with a payout ratio of 45.4%.

• Cash and cash equivalents at year-end decreased by ¥13,785 million to ¥38,146 million.

Outlook and guidance

• Orders received for the next fiscal year are targeted at ¥650.0 billion, a 1.7% increase.

• Net sales are targeted at ¥620.0 billion, up 0.9% year-over-year.

• Operating profit is forecast at ¥45.0 billion, slightly below the current year.

• Dividend forecast for FY2026 is ¥120.00 per share.

• The company will focus on expanding orders in telecom, IT, and infrastructure, while monitoring geopolitical and market risks.