Takasago Thermal Engineering (1969) Q3 2026 earnings summary

Executive summary

• Achieved historical highs in net sales, gross profit, and sales orders for Q3 FY2025, driven by large-scale industrial projects, robust capital investment, and enhanced productivity.

• International subsidiaries, especially in Singapore, Thailand, and India, contributed significantly to group performance.

• Operating profit surged 86.8% to JPY 39,095M, and net profit attributable to owners of parent increased 88.0% to JPY 31,255M year-over-year.

• Orders received totaled JPY 336,757M, up 6.3% year-over-year, reflecting strong demand in general-purpose construction systems.

Financial highlights

• Consolidated net sales reached JPY 306,025M, up 15.4% year-over-year; gross profit margin rose to 22.8%, up 4.8 points.

• Gross profit increased from JPY 47,738M to JPY 69,775M year-over-year.

• Ordinary profit rose 81.0% to JPY 41,453M, and comprehensive income reached JPY 38,090M, up 123.8% year-over-year.

• Earnings per share for the period was JPY 238.18, reflecting a share split effective October 1, 2025.

• Total assets grew to JPY 378,631M, and net assets increased to JPY 203,978M as of December 31, 2025.

Outlook and guidance

• FY2025 annual forecast revised upward: net sales expected at JPY 421,000M, operating profit at JPY 47,100M (+8.8%), and net profit at JPY 36,500M (+6.4%).

• Gross profit margin target raised to 22.0% (from 20.9%); strong performance expected from both domestic and international operations.

• Earnings per share for the full year is forecast at JPY 278.15, assuming the share split.

• Orders received for the full year are forecast at JPY 458,000M.