MTG (7806) Q4 2025 earnings summary

Executive summary

• FY2025 consolidated sales rose 37.5% year-over-year to ¥98.8 billion, with operating profit up 225.4% to ¥10.7 billion and net income up 248% to ¥7.93 billion, both reaching record highs.

• Comprehensive income increased 310.3% year-over-year to ¥8.31 billion.

• ReFa brand sales grew 42% year-over-year, led by hair care products and new launches, while SIXPAD returned to growth with an 8% increase.

• All domestic sales channels performed well, and profitability improved in global and smart ring businesses.

Financial highlights

• Gross profit margin improved to 63% from 60% the previous year, with gross profit rising to ¥62.0 billion.

• SG&A expenses increased 29% year-over-year, but as a percentage of sales, they declined from 55% to 52%.

• Operating profit margin improved to 10.8% from 4.6% year-over-year.

• Ordinary income rose 192% year-over-year to ¥10.7 billion.

• Cash flows from operating activities surged to ¥7.83 billion from ¥983 million year-over-year.

Outlook and guidance

• FY2026 guidance projects sales of ¥120.0 billion (+21.4% YoY), operating income of ¥13.0 billion (+22% YoY), and net income of ¥9.0 billion (+13% YoY), with continued double-digit profit margins.

• Basic earnings per share forecasted at ¥229.12 for FY2026.

• Dividend per share is set to increase from ¥25 in FY2025 to ¥30 in FY2026, with a payout ratio rising to 13.1%.