Core (2359) Q4 2025 earnings summary

Executive summary

• Net sales increased by 2.5% year-over-year to ¥24,599 million for the fiscal year ended March 31, 2025.

• Gross profit rose to ¥6,777 million, and operating profit increased 1.1% to ¥3,175 million; ordinary profit grew 1.5% to ¥3,267 million.

• Profit attributable to owners of parent declined by 1.2% to ¥2,242 million; comprehensive income decreased by 6.7% to ¥2,237 million.

• Order backlog grew to ¥8,968 million, reflecting strong demand.

Financial highlights

• Basic earnings per share was ¥156.18, slightly down from ¥158.59 year-over-year.

• Net assets rose to ¥18,532 million, with an equity-to-asset ratio of 73.6%.

• Cash and cash equivalents at year-end were ¥7,586 million, up from ¥6,300 million.

• Annual dividend increased to ¥55.00 per share; payout ratio at 35.2%.

• ROE at 12.6%, ROA at 13.3%, and PER at 11.4x.

Outlook and guidance

• Medium-term plan targets net sales of ¥27,000 million and operating profit of ¥3,500 million for fiscal year ending March 2026.

• Operating profit margin expected to remain stable at around 13%.

• Profit attributable to owners of parent is expected to grow 11.5% to ¥2,500 million; EPS forecast at ¥174.13.