Taikisha (1979) Q4 2025 earnings summary

Executive summary

• Achieved record-high ordinary income in FY2024, driven by improved construction profitability despite a 5.9% decline in sales year-over-year.

• Orders-received rose 5.3% year-over-year to ¥277.4 billion, exceeding forecasts.

• Profit attributable to owners of parent fell 29.3% year-over-year to ¥11.0 billion.

• Comprehensive income dropped 51.6% to ¥12,387 million.

Financial highlights

• FY2024 sales: ¥276.2 billion (down 5.9% year-over-year); ordinary income: ¥19.9 billion (up 0.4%).

• ROE dropped to 7.6% from 11.6% in FY2023.

• EPS: ¥169.44, reflecting a 2-for-1 share split.

• Gross profit margin improved to 16.3% in FY2024.

• Equity capital ratio improved to 55.2% from 54.0% year-over-year.

Outlook and guidance

• FY2025 orders-received forecasted at ¥362.0 billion (+30.5% year-over-year), a record high.

• Net sales expected to rise slightly to ¥279.0 billion; ordinary income projected to decrease to ¥18.2 billion due to higher SG&A expenses.

• Profit attributable to owners of parent forecasted at ¥12.0 billion; ROE expected at 8.1%.

• FY2026 basic EPS forecast is ¥185.03 (post-share split basis); dividend forecast for FY2026 is ¥94 per share.