Raito Kogyo Co (1926) Q4 2025 earnings summary

Executive summary

• Consolidated orders received reached ¥131,910 million, up 4.2% year-over-year, driven by steady demand in civil engineering and building construction, and growth in specialized business fields.

• Consolidated net sales increased 3.5% year-over-year to ¥121,457 million, supported by major construction projects domestically and in the U.S.

• Profits improved due to higher sales, better subsidiary profitability, and one-time gains from partial sales of investment and rental property and non-core shares.

• Operating profit grew 13.9% to ¥12,811 million; ordinary profit rose 13.4% to ¥13,169 million.

• Profit attributable to owners of parent surged 21.2% to ¥9,919 million.

Financial highlights

• Consolidated orders received: ¥131,910 million (+4.2% YoY); non-consolidated: ¥112,090 million (+7.6% YoY).

• Consolidated net sales: ¥121,457 million (+3.5% YoY); non-consolidated: ¥101,304 million (+3.3% YoY).

• Consolidated gross profit: ¥25,097 million (+8.1% YoY); margin improved to 20.7%.

• Earnings per share rose to ¥214.30 from ¥168.16 year-over-year.

• Cash and cash equivalents at period-end were ¥30,947 million, down from ¥34,933 million a year earlier.

Outlook and guidance

• FY2026 consolidated forecasts: net sales ¥127.5 billion (+5.0%), operating profit ¥13.7 billion (+7.0%), ordinary profit ¥13.85 billion (+5.2%), profit attributable to owners of parent ¥9.5 billion (−4.2%).

• Annual dividend per share forecast for FY2026 is ¥107, up from ¥100 in FY2025.

• Dividend payout ratio target set at 50% or more, with DOE of 6% or more through FY2027.