Taihei Dengyo Kaisha (1968) Q4 2025 earnings summary

Executive summary

• Orders received rose 13.1% year-over-year to ¥153,773 million, but net sales declined 2.9% to ¥125,670 million, with overseas works down 31.2% year-over-year.

• Operating profit increased 29.7% year-over-year to ¥13,037 million, ordinary profit rose 19.9% to ¥13,808 million, and profit attributable to owners of parent grew 16.2% to ¥9,753 million.

• The company advanced its Mid-Term Business Plan, expanded nuclear and biomass projects, and launched a Sustainability Promotion Committee.

Financial highlights

• Gross profit increased to ¥23,344 million from ¥19,845 million year-over-year.

• Basic earnings per share rose to ¥482.81 from ¥441.04 year-over-year.

• Net assets increased to ¥114,955 million, with an equity-to-asset ratio of 73.3%.

• Cash and cash equivalents at year-end were ¥42,104 million, up ¥185 million from the previous year.

• Dividend per share increased to ¥175, with a payout ratio of 36.2%.

Outlook and guidance

• For FY2026, net sales are forecast at ¥143,000 million (+13.8% YoY), operating profit at ¥15,000 million (+15.1%), and profit attributable to owners of parent at ¥10,600 million (+8.7%).

• Dividend forecast for FY2026 is ¥200 per share, with a payout ratio of 39.3%.

• The company will focus on nuclear safety measures, large-scale thermal plant construction, overseas expansion, and green projects.