T Hasegawa (4958) Q4 2025 earnings summary

Executive summary

• FY2025 net sales rose 2.6% to ¥73,495 million; operating profit fell 9.1% to ¥8,515 million and parent-attributable profit declined 3.9% to ¥6,921 million.

• FY2026 guidance targets net sales of ¥76,500 million, operating profit of ¥9,430 million and parent-attributable profit of ¥7,320 million.

• Sales grew across major regions, while higher SG&A and cost pressures weighed on profitability; China and Malaysia profits increased, while the U.S. recorded an operating loss.

Financial highlights

• Gross profit rose to ¥30,347 million from ¥29,643 million; SG&A increased to ¥21,832 million from ¥20,272 million, including higher salaries and allowances.

• Ordinary profit declined 4.5% to ¥9,288 million; FY2025 included ¥814 million of gains on investment securities and ¥308 million of extraordinary losses.

• Sales were 1.1% below target; operating profit was 14.6% below target, ordinary profit 11.1% below, and net profit 8.7% below.

• Operating cash flow was ¥11,247 million, investing cash outflow ¥6,914 million and financing cash outflow ¥5,489 million; period-end cash was ¥31,267 million.

Outlook and guidance

• FY2026 forecast: sales +4.1%, operating profit +10.7%, ordinary profit +8.2%, parent-attributable profit +5.8% and EBITDA +8.7%.

• Planned operating-profit improvement includes ¥1,519 million from sales and ¥716 million from cost of sales, offset by ¥1,272 million higher personnel expenses and ¥47 million FX impact.

• Strategy prioritizes global expansion in the USA, China and Southeast Asia, differentiated products, productivity gains and operational streamlining.

• FY2028 plan targets sales of ¥82,400 million, operating profit of ¥9,600 million, net profit of ¥7,150 million and overseas sales share of 51.2%.