Enplas (6961) Q4 2025 earnings summary

Executive summary

• Net sales for FY ended March 31, 2025 rose 0.7% year-over-year to ¥38,069 million, with operating income up 13.8% and profit attributable to owners up 14.5% to ¥3,943 million.

• Semiconductor and Digital Communication segments remained weak, while Life Science and Energy Saving Solution segments showed strong performance.

• Operating margin improved to 13.9% from 12.3% year-over-year.

• Comprehensive income declined 32.0% year-over-year to ¥4,008 million.

Financial highlights

• Operating income rose to ¥5,287 million (+13.8% YoY), ordinary income to ¥5,446 million (+3.5% YoY), and EPS to ¥446.47 (+¥56.33 YoY).

• Dividend per share increased to ¥70.00 (+¥10 YoY), with a forecast of ¥80.00 for the next fiscal year.

• Free cash flow was negative at -¥6,887 million, reflecting higher capital expenditures.

• Gross profit increased to ¥17,470 million from ¥17,006 million year-over-year.

• Net assets grew to ¥56,216 million, with an equity-to-asset ratio of 88.0%.

Outlook and guidance

• FY2026.3 sales forecast at ¥38,000 million, with operating income expected to decline to ¥2,500 million and ordinary income to ¥3,000 million.

• Profit attributable to owners of parent forecasted at ¥2,100 million (down 46.8% YoY).

• COGS ratio expected to rise to 58.9%, and EPS forecasted at ¥237.69.

• Dividend per share projected to increase to ¥80.00.

• Sales growth anticipated in Semiconductor, Life Science, and Energy Saving Solution segments, while Digital Communication remains challenged.