Inabata (8098) Q4 2025 earnings summary

Executive summary

• Net sales reached ¥837.8 billion, up 9.4% year-over-year, setting a record high, aided by yen depreciation and strong contributions from Japan and Southeast Asia.

• Operating profit rose 21.9% to ¥25.8 billion and ordinary profit increased 22.2% to ¥26.1 billion, both record highs, driven by higher sales and improved gross profit margin.

• Profit attributable to owners of parent was ¥19.8 billion, down 0.8% year-over-year due to the absence of a prior-year gain from negative goodwill.

• All major business segments reported higher sales, with Plastics and Information & Electronics showing the strongest profit growth.

Financial highlights

• Net sales: ¥837.8 billion, up 9.4% year-over-year; operating profit: ¥25.8 billion, up 21.9%; ordinary profit: ¥26.1 billion, up 22.2%.

• Gross profit increased from ¥69.3 billion to ¥78.9 billion year-over-year.

• Cash and cash equivalents at year-end rose to ¥55.4 billion from ¥46.3 billion.

• Equity ratio improved to 47.1% from 46.8% year-over-year.

• Dividend per share for FY2025 was ¥125, with a payout ratio of 34.4%.

Outlook and guidance

• FY2026 forecast: net sales ¥870.0 billion (+3.8%), operating profit ¥25.5 billion (−1.3%), ordinary profit ¥25.5 billion (−2.4%), profit attributable to owners of parent ¥19.5 billion (−1.7%).

• Annual dividend for FY03/26 expected to rise to ¥128.0 per share, marking the eighth consecutive increase.

• Assumed exchange rate for FY2026 is 1 USD = ¥143.00.