MATSUDA SANGYO (7456) Q4 2025 earnings summary

Executive summary

• Achieved record-high consolidated net sales of 468.8 billion yen, a 30.0% year-over-year increase, with operating profit up 35.5% to 12.6 billion yen and net income attributable to owners rising 29.8% to 9.4 billion yen.

• The Precious Metals Business drove growth, while the Food Business saw a slight sales decline but improved operating profit.

• Acquired all shares in Sanyo-Rec Co., Ltd. and Flap Resource Co., Ltd., expanding recycling and industrial waste treatment capabilities.

• The economic environment showed gradual recovery in Japan, but global inflation, China’s slowdown, and geopolitical risks created uncertainty.

Financial highlights

• Net sales: 468.8 billion yen (+30.0% YoY); Operating profit: 12.6 billion yen (+35.5% YoY); Ordinary profit: 13.5 billion yen (+28.2% YoY); EPS: 364.87 yen (+30.2% YoY).

• ROE: 9.9% (+1.6pt YoY); ROA: 8.5% (+0.9pt YoY); Operating margin: 2.7% (+0.1pt YoY).

• Shareholders’ equity ratio: 59.1%.

• Cash and cash equivalents at period end: 11.4 billion yen, down 3.0 billion yen from previous year.

• Comprehensive income reached 10.4 billion yen, up 22.6% year-over-year.

Outlook and guidance

• FY3/26 forecast: Net sales 490.0 billion yen (+4.5% YoY), operating profit 13.5 billion yen (+6.5% YoY), net income 10.0 billion yen (+5.7% YoY), EPS 385.8 yen.

• Dividend per share forecast for FY3/26: 90 yen (+15 yen YoY), marking the eighth consecutive annual increase.

• The company expects moderate domestic economic recovery but notes ongoing risks from global trade and geopolitical factors.