Quest Co (2332) Q4 2025 earnings summary

Executive summary

• Net sales rose 5.0% year-over-year to ¥14,936 million, driven by increased orders in semiconductor, mobility & logistics, and public & social sectors.

• Operating profit increased 5.8% to ¥1,055 million, ordinary profit up 4.8% to ¥1,112 million, and net profit attributable to owners of parent grew 10.3% to ¥767 million.

• Growth investments in human capital and technology were offset by improved profitability from higher sales.

• Net profit benefited from the application of the tax credit system for promoting wage increases.

Financial highlights

• EBITDA reached ¥1,273 million (up from ¥1,228 million), with an EBITDA margin of 8.5%.

• Gross profit increased to ¥2,749 million from ¥2,616 million year-over-year.

• Basic earnings per share rose to ¥143.26 from ¥130.06.

• Net assets per share increased to ¥1,354.61 from ¥1,267.74.

• Cash and cash equivalents at year-end were ¥3,531 million, up ¥416 million from the prior year.

Outlook and guidance

• For the fiscal year ending March 31, 2026, net sales are forecast at ¥16,860 million (+12.9% YoY), operating profit at ¥1,180 million (+11.8%), ordinary profit at ¥1,240 million (+11.5%), and net profit attributable to owners of parent at ¥845 million (+10.1%).

• The group will integrate Sept Inc. as a wholly owned subsidiary from Q1 FY2026 to strengthen engineering resources.

• IT investment demand remains strong, but labor shortages and rising personnel costs are expected to pressure margins.