Ochi Holdings (3166) Q4 2025 earnings summary

Executive summary

• Net sales rose 3.3% year-over-year to ¥117,084 million, driven by acquisitions, but operating profit fell 31.8% to ¥1,471 million and profit attributable to owners of parent dropped 50.3% to ¥1,040 million due to lower housing starts and acquisition-related expenses.

• Comprehensive income declined sharply to ¥839 million, down 65.5% year-over-year.

• Segment performance was mixed, with growth in Construction Materials and Engineering, but declines in Pre-cut Lumber and Air-conditioning, Heating and Cooling, and Household Products.

• Major acquisitions included Hit-il Co., Ltd. (May 2024), Yumita Construction Co., Ltd. and two subsidiaries (October 2024), and Ai-build Corporation, expanding the Engineering Business.

Financial highlights

• Net sales: ¥117,084 million (+3.3% YoY); excluding acquisitions, net sales fell 1.9% YoY.

• Operating profit: ¥1,471 million (−31.8% YoY); excluding acquisition effects, down 26.5% YoY.

• Profit attributable to owners of parent: ¥1,040 million, down 50.3% YoY.

• Operating profit margin decreased to 1.3% from 1.9% YoY.

• Basic earnings per share fell to ¥80.17 from ¥161.84 YoY.

Outlook and guidance

• FY2026 forecast: Net sales to increase 6.8% YoY to ¥125,000 million; operating profit to rise 15.6% YoY to ¥1,700 million; profit attributable to owners of parent expected at ¥1,200 million (+15.3% YoY).

• Ordinary profit projected at ¥2,200 million (+14.0% YoY).

• ROE forecast to improve to 5.1%.

• The company aims to strengthen its business portfolio, focus on non-housing markets, and drive productivity through digital transformation.