Lifedrink Company (2585) Q4 2025 earnings summary

Executive summary

• FY2025 production volume rose 15% and revenue increased 16.5%; operating profit grew 0.6%, below forecast, amid delayed new transactions, logistics inefficiencies, and M&A-related expenses and losses.

• FY2026 guidance targets higher production, revenue, operating profit, net income, and EBITDA, supported by facility ramp-ups and acquired capacity.

Financial highlights

• FY2025 revenue was ¥44,537 million, up 16.5%; operating profit was ¥4,742 million, up 0.6%; profit attributable to owners of parent was ¥3,392 million, up 7.5%.

• FY2025 EBITDA reached ¥6,560 million, up 12%; production volume was 73 million cases, up 15% (includes Nitto Beverage; excludes Ikoma).

• FY2025 EPS was ¥64.93; initial forecasts were ¥44.0 billion revenue, ¥5.75 billion operating profit, ¥3.85 billion profit, and ¥7.5 billion EBITDA.

• Gross profit rose to ¥19,456 million from ¥16,334 million; year-end cash and cash equivalents were ¥3,014 million.

• Operating cash flow was ¥5,204 million and investing cash flow was an outflow of ¥4,099 million, including ¥3,471 million in capital investment outflow.

Outlook and guidance

• FY2026 forecasts: production 84 million cases (+15%), revenue ¥52,000 million (+16.8%), operating profit ¥6,500 million (+37.1%), net income ¥4,450 million (+31.2%), and EBITDA ¥8,600 million (+31.1%).

• FY2026 margin forecasts are 12.5% for operating profit, 8.6% for net income, and 16.5% for EBITDA; EPS is forecast at ¥85.14.

• Full production at Gotemba and Nitto Beverage and a full-year contribution from acquired O Beverage facilities support the outlook.