E J Holdings (2153) Q4 2025 earnings summary

Executive summary

• FY2025 orders reached a record ¥44,651m (+15.2% YoY) and net sales ¥42,705m (+14.8%); Tokyo Soil Research’s consolidation contributed to growth.

• Operating profit rose 3.1% to ¥4,481m but missed plan amid higher costs; net income increased 5.6% to ¥3,203m, supported by policy-share sale gains.

• Comprehensive income decreased 21.7% YoY to ¥2,721m, reflecting declines in other comprehensive income components.

• Single reportable segment: general construction consultancy.

Financial highlights

• Gross profit rose 14.3% to ¥14,252m; SG&A increased 20.3% to ¥9,770m, outpacing revenue growth.

• Operating profit was ¥4,481m (92.4% of plan), ordinary profit ¥4,633m (93.6%), and net income ¥3,203m (95.6%); revenue exceeded plan.

• FY2025 net sales were ¥42,705m, operating profit ¥4,481m and net income ¥3,203m; basic EPS was ¥204.06, up from ¥193.62.

• Cash and cash equivalents at year-end increased to ¥20,237m from ¥17,935m.

Outlook and guidance

• FY2026 guidance: orders ¥47,000m, net sales ¥47,000m, operating profit ¥5,000m, ordinary profit ¥5,100m and net income ¥3,350m.

• FY2026 forecasts imply sales growth of 10.1%, operating profit growth of 11.6% and net income growth of 4.6%; EPS is ¥188.14 and ROE 9.1%.

• E・J-Plan2027 targets FY2028 net sales of ¥50,000m, including ¥1,500m overseas, operating profit of ¥5,900m, net income of ¥3,900m and ROE of at least 10%; new M&A is excluded.