Happinet (7552) Q4 2025 earnings summary

Executive summary

• Net sales rose 4.0% year-over-year to ¥364.4 billion, with operating profit up 34.6% to ¥11.68 billion and profit attributable to owners increasing 2.8% to ¥6.76 billion.

• Comprehensive income increased 10.6% year-over-year to ¥8.35 billion.

• Growth was driven by strong performance in the Toy and Amusement businesses, offsetting declines in Video-Game and Visual & Music segments.

Financial highlights

• Operating margin improved to 3.2% from 2.5% year-over-year, with gross profit margin rising to 12.3% from 11.1%.

• Earnings per share increased to ¥306.82, up from ¥295.46 year-over-year.

• Cash and cash equivalents at year-end rose to ¥40.98 billion, up from ¥29.65 billion.

• Net assets increased to ¥55.67 billion, with an equity ratio of 45.5%.

Outlook and guidance

• The 10th Mid-term Management Plan targets ambitious growth through global expansion and value chain transformation.

• For FY2026, net sales are projected to grow 7.0% to ¥390 billion, with operating profit expected to rise 1.0% to ¥11.8 billion and profit attributable to owners to increase 6.4% to ¥7.2 billion.

• Overseas sales target for FY2027 is set at ¥15 billion, with strategic investment of ¥19 billion planned.

• Dividend payout ratio is targeted at 40–42.4%, with stable annual dividends of ¥50 per share planned.