NPR-Riken (6209) Q4 2026 earnings summary

Executive summary

• FY2025 net sales fell 4.2% to ¥163,114 million; operating profit rose 8.8% to ¥12,847 million, ordinary profit rose 18.2% to ¥17,345 million, and profit attributable to owners of parent increased 60.2% to ¥14,027 million.

• Integration synergies, rationalization and pricing offset lower sales and higher costs; synergies contributed ¥23bn and pricing ¥18bn to operating profit growth.

• FY2025 ordinary profit margin reached 10.6% and ROE 9.2%, exceeding the medium-term plan’s final-year targets ahead of schedule.

Financial highlights

• Gross profit increased to ¥42,197 million from ¥40,792 million, and operating margin improved to 7.9% from 6.9%.

• Basic EPS rose to ¥521.58 from ¥323.32; comprehensive income increased 58.6% to ¥19,776 million.

• Total assets rose to ¥2,290bn; equity ratio improved to 70.0% from 66.3%, and interest-bearing debt fell ¥53bn to ¥141bn.

• Operating cash flow was ¥16,343 million, investing cash flow was negative ¥4,855 million, and financing cash flow was negative ¥10,375 million.

• Profit growth included a gain from the return of retirement benefit trust assets; operating cash flow reconciliation deducted ¥30bn for the gain.

Outlook and guidance

• FY2026 forecast: net sales ¥162,000 million, operating profit ¥10,000 million, ordinary profit ¥13,500 million, profit attributable to owners of parent ¥9,000 million, and EPS ¥334.64.

• Operating profit guidance is down 22.2%; the bridge includes a ¥31bn impact from lower sales, partly offset by pricing, rationalization and synergies amid inflation and tariff effects.

• Annual dividend is forecast at ¥210 per share, with a 63% payout ratio; the FY2024–FY2026 target is total shareholder return of at least 70%.

• Hastings’ consolidated earnings contribution is expected from mid-FY2026.