Fudo Tetra Corporation (1813) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, increased 18.4% year-over-year to ¥60,041 million, with operating income up 112.4% to ¥5,051 million and net income attributable to shareholders up 91.8% to ¥3,421 million.

• The company implemented additional governance and internal control reforms following the receipt of a special committee report on inappropriate cost accounting, including executive pay reductions.

Financial highlights

• Gross profit rose to ¥11,512 million from ¥8,638 million year-over-year.

• Operating margin improved significantly, with operating income more than doubling year-over-year.

• Comprehensive income for the period was ¥3,574 million, up 96.7% year-over-year.

• Total assets increased to ¥67,887 million, and net assets to ¥37,381 million.

• Equity ratio improved to 54.4% from 53.3% a year earlier.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥80,000 million (+15.0% year-over-year), with operating income projected at ¥4,900 million (+54.2%), ordinary income at ¥5,000 million (+48.5%), and net income at ¥3,450 million (+56.7%).

• Dividend forecast raised to ¥90 per share for the year.