Ryoden (8084) Q4 2026 earnings summary

Executive summary

• Net sales for FY ended March 31, 2026 were ¥212,772 million, down 1.4% year-over-year; operating profit decreased 4.3% to ¥5,244 million, and ordinary profit fell 4.0% to ¥5,767 million.

• Profit attributable to owners of parent rose 12.2% to ¥5,275 million, reversing a prior year decline, due to extraordinary profit from cross-shareholding sales.

• Profitability improved in cooling & heating and building systems, while FA and electronics recovery was delayed; X-Tech achieved full-year profitability.

• Domestic in-vehicle electronics and Taiwan solution business sales remained strong.

• Comprehensive income surged 42.8% year-over-year to ¥7,833 million.

Financial highlights

• Gross profit increased to ¥29,756 million from ¥27,543 million year-over-year.

• Net assets rose to ¥94,533 million, with an equity ratio of 61.2%.

• Cash and cash equivalents at year-end were ¥33,457 million, up slightly from ¥33,305 million.

• Annual dividend per share increased to ¥138.00, with a payout ratio of 56.4%.

• Net cash from operating activities dropped to ¥6,067 million from ¥18,453 million year-over-year.

Outlook and guidance

• FY ending March 31, 2027 forecast: net sales ¥237,000 million (+11.4%), operating profit ¥6,000 million (+14.4%), profit attributable to owners of parent ¥4,700 million (−10.9%).

• Dividend forecast for FY27 is ¥150.00 per share.

• Recovery expected in FA and electronics segments, with monetization of large-scale X-Tech projects and continued strong performance in cooling & heating and building systems.

• Continued early investments in human capital and technology expected to impact operating profit.