SRA Holdings (3817) Q4 2025 earnings summary

Executive summary

• Consolidated net sales for FY2025 Q4 rose 9.5% year-over-year to ¥51,617 million, with operating profit up 15.0% to ¥7,940 million and net profit attributable to owners down 26.3% to ¥3,377 million.

• Ordinary profit declined 5.2% to ¥8,126 million, and comprehensive income decreased 13.5% to ¥3,871 million.

• Non-consolidated net sales increased 3.4% year-over-year to ¥22,638 million, with operating profit up 13.1% to ¥4,048 million and net profit up 24.4% to ¥2,537 million.

• Non-consolidated net sales for FY2025 were ¥2,591 million, down 14.1% year-over-year, and operating profit was ¥2,233 million, down 16.4%.

Financial highlights

• Gross profit margin improved to 25.5% from 25.4% year-over-year, with gross profit at ¥13,179 million.

• SG&A expenses as a percentage of sales decreased to 10.1% from 10.7% year-over-year.

• Operating margin increased to 15.4% from 14.7% year-over-year.

• Cash and cash equivalents at period-end reached ¥19,738 million, up from ¥16,047 million year-over-year.

• Total assets increased to ¥51,448 million from ¥47,329 million year-over-year.

Outlook and guidance

• New orders received grew 11.5% year-over-year to ¥54,457 million, with order backlog at period-end up 18.7% to ¥18,015 million.

• FY2026 forecast: net sales ¥53,500 million (+3.6% YoY), operating profit ¥8,300 million (+4.5% YoY), ordinary profit ¥8,150 million (+0.3% YoY), profit attributable to owners of parent ¥4,900 million (+45.1% YoY).

• Dividend forecast for FY2026 is ¥180 per share, unchanged from FY2025.