Murakami (7292) Q4 2025 earnings summary

Executive summary

• Revenue increased by 4.4% year-over-year to ¥109,205 million, driven by strong North American sales and stable domestic demand despite industry headwinds.

• Operating income rose 6.3% year-over-year to ¥8,861 million, with net income attributable to shareholders up 1.0% to ¥5,943 million.

• The company navigated cost pressures from raw materials and labor through price adjustments and organizational reforms.

Financial highlights

• Gross profit improved as sales outpaced cost increases, with operating margin at 8.1% and net margin at 5.4%.

• Total assets grew to ¥115,526 million, and equity increased to ¥92,261 million.

• Cash and equivalents at year-end were ¥45,179 million, up ¥3,838 million from the prior year.

• Annual dividend increased to ¥210 per share, with a payout ratio of 41.9%.

Outlook and guidance

• For FY2026, revenue is forecast to decline 2.9% to ¥106,000 million, with operating income expected at ¥8,000 million and net income at ¥5,800 million.

• Guidance does not include potential impacts from US tariff policy changes.

• Dividend forecast for FY2026 is maintained at ¥210 per share.