Fukuda (1899) Q4 2025 earnings summary

Executive summary

• Achieved modest year-over-year growth in revenue and operating profit for the fiscal year ended December 2025, with consolidated revenue and profit growth driven by strong subsidiary performance despite a decline in the parent company's revenue.

• Net sales increased 0.8% year-over-year to ¥167.96 billion, operating profit rose 1.4% to ¥7.77 billion, and profit attributable to owners of parent was ¥5.55 billion, up 4.5%.

• Comprehensive income reached ¥6.99 billion, a 16.5% increase year-over-year.

Financial highlights

• Consolidated revenue: ¥167.96 billion, up 0.8% year-over-year; operating profit: ¥7.77 billion, up 1.4%; net income attributable to shareholders: ¥5.55 billion, up 4.5%.

• Gross profit increased to ¥18.53 billion from ¥17.82 billion year-over-year; gross profit margin: 11.0% (up from 10.7%).

• Basic earnings per share rose to ¥670.10 from ¥641.55 year-over-year.

• Equity-to-asset ratio improved to 60.9% from 59.3% year-over-year.

• Cash and cash equivalents at year-end were ¥30.82 billion, down from ¥31.95 billion.

Outlook and guidance

• For FY2026, revenue is projected to increase by 4.5% to ¥175.6 billion, but operating profit is expected to decrease by 2.2% to ¥7.6 billion.

• Net income is forecast to decline by 9.9% to ¥5.0 billion, with basic earnings per share forecast at ¥603.80.

• Continued focus on stable public works orders and efficient allocation of limited human resources.