San-Ai Obbli (8097) Q4 2025 earnings summary

Executive summary

• FY2024 net sales were ¥654.4 billion, down 0.8% year-over-year, exceeding forecasts by 0.7%.

• Operating profit fell 30% to ¥11.8 billion, and ordinary profit dropped 27.5% to ¥12.9 billion year-over-year.

• Profit attributable to owners declined 22.8% to ¥8.7 billion.

• Extraordinary gains of ¥2.92 billion from investment securities sales and extraordinary losses of ¥1.28 billion from impairment at the LPG subsidiary were recorded.

• Comprehensive income dropped 56.0% year-over-year to ¥6,746 million.

Financial highlights

• Net sales: ¥654.4 billion (-0.8% YoY); Operating profit: ¥11.8 billion (-30% YoY); Ordinary profit: ¥12.9 billion (-27.5% YoY); Net profit: ¥8.7 billion (-22.8% YoY).

• Achievement rates for sales and profits ranged from 91.1% to 100.7% of forecasts.

• Equity ratio at year-end was 53.9%.

• Basic earnings per share fell to ¥136.93 from ¥171.15 in the prior year.

• Cash and cash equivalents at year-end were ¥40,288 million, down from ¥53,381 million.

Outlook and guidance

• FY2025 ordinary profit forecast: ¥14.0 billion (+8.9% YoY); Net profit forecast: ¥9.1 billion (+5.1% YoY).

• ROE expected to rise to 8.0%; dividend per share maintained at ¥100.

• Aviation-related business is expected to benefit from strong air travel demand and higher fuel handling fees.

• Focus on strengthening competitiveness, investing in new businesses, and expanding clean tech and DX initiatives.