Kikusui Holdings (6912) Q4 2025 earnings summary

Executive summary

• Achieved record-high consolidated sales for the third consecutive year, reaching ¥13,429 million, a 7.5% increase year-over-year.

• Operating profit rose 7.8% to ¥1,997 million, and net income attributable to parent increased 10.7% to ¥1,439 million, both setting new records.

• Growth driven by strong domestic demand in GX (Green Transformation), automotive, energy, and semiconductor sectors, offsetting overseas investment slowdowns.

Financial highlights

• Sales: ¥13,429 million (+7.5% YoY); Operating profit: ¥1,997 million (+7.8% YoY); Ordinary profit: ¥2,122 million (+10.6% YoY); Net income: ¥1,439 million (+10.7% YoY).

• Gross profit margin: 51.8% (down 1.7 pts YoY); R&D expenses: ¥1,258 million (9.4% of sales).

• Cash and equivalents at year-end: ¥4,707 million, up 47.8% from previous year.

• Dividend per share increased to ¥53, with payout ratio at 30.6%.

Outlook and guidance

• FY2026 forecast: Sales ¥13,500 million (+0.5%), Operating profit ¥2,050 million (+2.6%), Net income ¥1,450 million (+0.7%).

• Dividend per share forecast unchanged at ¥53.00.

• Focus on e-mobility, next-gen energy, power semiconductors, and data centers.

• Continued investment in digital transformation and product development expected to raise costs.