Takasago Thermal Engineering (1969) Q4 2025 earnings summary

Executive summary

• Achieved record highs in revenue, profit, gross margin, and sales orders for FY2024, surpassing mid-term management plan targets ahead of schedule.

• Net sales increased by 5.0% year-over-year to ¥381,661 million for the fiscal year ended March 31, 2025.

• Operating profit rose 34.0% year-over-year to ¥32,415 million, and profit attributable to owners of parent grew 40.9% to ¥27,631 million.

• Strong project execution and flexible resource allocation drove growth, especially in large-scale industrial projects.

• Enhanced stakeholder engagement, including increased dividends and ongoing share buybacks.

Financial highlights

• FY2024 revenue rose 5.0% year-over-year to ¥381.7B; gross profit up 19.5% to ¥71.6B (margin 18.8%).

• Earnings per share increased to ¥416.15 from ¥295.68 year-over-year.

• Total assets at fiscal year-end were ¥334,949 million, with net assets at ¥184,283 million.

• Equity ratio improved to 53.9% from 48.3% year-over-year.

• Cash and cash equivalents at year-end were ¥41,364 million, down from ¥49,064 million.

Outlook and guidance

• FY2025 targets new record revenue of ¥410B (+7.4%) and net profit of ¥28.7B (+3.9%).

• Sales orders expected to grow 3.3% to ¥430B, with focus on pharmaceutical and ICT sectors.

• Dividend forecast raised to ¥173/share, with a 40% payout ratio and continued share buybacks.

• Earnings per share forecasted at ¥432.25 for FY2026.