Ryoden (8084) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥153,844 million, down 3.1% year-over-year.

• Operating profit decreased 9.7% to ¥3,151 million, and ordinary profit fell 8.1% to ¥3,519 million compared to the same period last year.

• Profit attributable to owners of parent rose 19.8% year-over-year to ¥3,409 million, aided by extraordinary profit from the sale of shares in affiliated companies.

• Comprehensive income increased 25.3% to ¥3,273 million.

• Profitability improved in cooling & heating and building systems; X-Tech maintained steady profitability.

Financial highlights

• Gross profit rose to ¥21,272 million from ¥19,661 million year-over-year.

• EPS for the nine months was ¥158.27, up from ¥129.92 in the prior year.

• Dividend forecast: ¥136 per share (¥68 interim, ¥68 year-end).

• Net assets rose to ¥89,974 million, with an equity ratio of 60.7%.

• Cash and cash equivalents at period end were ¥38,173 million, up from ¥31,385 million at the previous year-end.

Outlook and guidance

• Full-year forecasts for FYE2026 remain unchanged, with net sales forecast at ¥215,000 million and profit attributable to owners of parent at ¥5,000 million.

• Gradual recovery expected in FA and Electronics segments toward the fourth quarter and next fiscal year.

• Cooling & Heating and Building Systems expected to remain strong into the next fiscal year.

• Full-year EPS forecast is ¥232.10.

• Annual dividend forecast raised to ¥136.00 per share.