Next Generation Technology Group (319A) Q4 2025 earnings summary

Executive summary

• Net sales rose 35.4% year-over-year to ¥14,961 million for FY2025, with adjusted EBITDA up 34.4% and adjusted profit increasing 45.3%, both surpassing forecasts.

• Profit attributable to owners of parent increased 243.0% to ¥3,091 million, driven by extraordinary income from bargain purchases.

• Comprehensive income surged 276.3% to ¥3,539 million year-over-year.

• Seven companies were acquired in FY2025, with Horikoshi-Seiki added in January 2026, expanding the group’s manufacturing capabilities.

• Stock price reached a new high since IPO, outperforming TOPIX.

Financial highlights

• Net Sales: ¥14,961M (+35.4% YoY); Adjusted EBITDA: ¥2,898M (+34.4% YoY); Adjusted Profit: ¥1,514M (+45.3% YoY).

• Operating profit declined 5.6% YoY to ¥1,432M; ordinary profit fell 8.5% to ¥1,416M.

• Gross profit increased to ¥4,238M from ¥3,141M, with improved gross margin.

• Goodwill increased by ¥2.3B due to acquisitions; total cash rose by ¥5.3B, supported by cash flows and IPO proceeds.

• Basic earnings per share rose to ¥353.82 from ¥114.30, reflecting the reverse stock split.

Outlook and guidance

• FY2026 forecasts (excluding new acquisitions): Net Sales ¥23,000M (+53.7% YoY), Adjusted EBITDA ¥4,000M (+38.0% YoY), Adjusted Profit ¥2,000M (+32.1% YoY).

• Further upside possible from additional acquisitions in FY2026.