HIRAYAMA HOLDINGS (7781) Q4 2026 earnings summary

Executive summary

• Achieved record revenue of ¥37.8 billion, up 4.4% year-over-year, with operating profit surging 51.8% and net income attributable to shareholders rising 46.7%.

• Growth was driven by strong domestic demand, especially in insourcing/dispatch, and improved production efficiency.

• Segment profit increased in insourcing/dispatch and other businesses, while technical dispatch and overseas segments saw mixed results.

Financial highlights

• Revenue: ¥37,815 million (+4.4% YoY); Operating profit: ¥1,928 million (+51.8% YoY); Net income: ¥1,258 million (+46.7% YoY).

• Gross margin improved to 20.0% from 18.2% YoY.

• EPS: ¥82.12 (post-split basis), up from ¥56.18 YoY.

• Comprehensive income rose 49.5% to ¥1,291 million.

• Cash and equivalents at period-end: ¥6,665 million, up ¥612 million YoY.

Outlook and guidance

• FY2027 forecast: Revenue ¥39.3 billion (+3.9%), operating profit ¥1,614 million (–16.3%), net income ¥1,604 million (+27.5%).

• Operating profit expected to decline due to one-time cost reductions in FY2026 and increased investment in engineer hiring and training.

• Dividend policy targets payout ratio above 40% and total shareholder return ratio up to 50%.