SPK (7466) Q4 2025 earnings summary

Executive summary

• Achieved record-high consolidated sales and operating profit for FY2024, driven by robust domestic and overseas demand for automotive aftermarket parts and the largest-ever M&A with BLITZ Corporation, enhancing the customization segment.

• All business segments posted higher sales, with the CUSPA Division leading at 34.8% growth.

Financial highlights

• Consolidated sales rose 8.6% year-over-year to ¥68,720 million; operating profit increased 5.3% to ¥3,311 million; net income attributable to parent company shareholders grew 4.4% to ¥2,497 million.

• EPS reached ¥247.94; annual dividend increased by ¥10 to ¥60 per share, marking 27 consecutive years of dividend growth.

• Operating margin slightly decreased to 4.8% from 5.0% year-over-year.

• Gross profit margin improved, with gross profit at ¥12,871 million.

• Cash and cash equivalents at year-end totaled ¥7,757 million, up ¥904 million from the prior year.

Outlook and guidance

• FY2025 guidance targets sales of ¥74,000 million (+7.7% YoY), operating profit of ¥3,400 million (+2.7% YoY), and net income of ¥2,520 million (+0.9% YoY).

• Mid-term plan maintains FY2026 targets with sales at ¥76,000 million and operating profit at ¥3,800 million.

• Dividend policy aims for 28 consecutive years of increases, with a planned annual dividend of ¥68 per share for FY2025.

• Management expects continued growth in both domestic and overseas aftermarket parts, with focus on productivity and new market development.