Mansei (7565) Q4 2025 earnings summary

Executive summary

• Revenue decreased 6.6% year-over-year to ¥24,422 million, with operating profit down 23.6% and net income attributable to shareholders down 18.5%.

• Major declines were seen in the Electric Equipment & Industrial Systems and Electronic Devices & Information Communication Equipment segments, while Equipment Machinery and Solar Power saw modest growth.

• The business environment was impacted by prolonged inventory adjustments in China, high raw material costs, and labor shortages in construction, despite steady demand for IT and decarbonization investments.

Financial highlights

• Operating profit: ¥1,134 million (down 23.6% year-over-year).

• Ordinary profit: ¥1,177 million (down 23.1% year-over-year).

• Net income attributable to shareholders: ¥873 million (down 18.5% year-over-year).

• Comprehensive income: ¥937 million (down 31.3% year-over-year).

• Cash and equivalents at year-end: ¥4,694 million.

Outlook and guidance

• The outlook for the next fiscal year remains undecided due to uncertainty in global economic conditions and difficulty in rationally estimating the impact on corporate earnings.

• The company will continue to focus on sales reforms, customer engagement, and operational efficiency to drive business scale and profitability.