Rion (6823) Q4 2025 earnings summary

Executive summary

• FY ended Mar. 2025 revenue, operating profit, ordinary profit and net income reached record highs; particle measurement was the main growth driver.

• Revenue rose 8.4% to ¥27,877 million and operating profit rose 16.1% to ¥4,033 million.

• Ordinary profit increased 15.3% to ¥4,106 million; profit attributable to owners of parent rose 7.8% to ¥2,859 million.

• Comprehensive income declined 6.3% to ¥2,938 million.

Financial highlights

• Gross profit was ¥14,062 million, up from ¥13,046 million; gross margin was 50.4%, versus 50.7% a year earlier.

• Operating margin rose to 14.5% from 13.5%; basic EPS was ¥232.19, up from ¥215.51.

• Total assets were ¥39,132 million, net assets ¥31,435 million, and the capital adequacy ratio 80.3%.

• Cash and cash equivalents at year-end were ¥5,848 million, up from ¥4,860 million.

Outlook and guidance

• FY Mar. 2026 guidance: revenue ¥28,900 million, operating and ordinary profit ¥4,400 million, net income ¥3,150 million, and EPS ¥255.70.

• FY Mar. 2027 and FY Mar. 2028 revenue targets are ¥29,800 million and ¥30,700 million; operating profit targets are ¥4,600 million and ¥4,850 million.

• FY Mar. 2031 targets: revenue of at least ¥35 billion, operating margin of at least 15%, and ROE of at least 10%.

• All segments are expected to grow revenue and profit through new products and market opportunities; particle-measurement growth is expected to moderate after backlog normalization.