Takasago Thermal Engineering (1969) Q4 2026 earnings summary

Executive summary

• Achieved record highs in revenue, profit at all stages, profit margins, order intake, and carry-over works in progress for FY2025, driven by strong construction demand and productivity improvements.

• Net sales rose 11.1% year-over-year to ¥423,923 million, with operating profit up 47.3% to ¥47,745 million and profit attributable to owners of parent up 35.6% to ¥37,470 million.

• Consolidated ordinary profit exceeded ¥50 billion for the first time, with significant contributions from both domestic and overseas subsidiaries.

• Comprehensive income surged 78.0% year-over-year to ¥49,053 million.

• Advanced initiatives in construction process transformation, green energy, and human capital investment, including share acquisitions in Thailand and new HR systems.

Financial highlights

• FY2025 consolidated revenue: ¥423.9bn (+11.1% YoY); ordinary profit: ¥50.6bn (+44.8% YoY); net profit: ¥37.5bn (+35.6% YoY).

• Gross profit margin reached 22.1% (non-consolidated: 25.2%).

• Order received: ¥460.1bn (+10.6% YoY); carry forward: ¥411.6bn (+9.6% YoY).

• International revenue exceeded ¥90bn for the first time (+27.3% YoY), with gross profit margin up to 11.8%.

• Cash and cash equivalents at year-end were ¥42,537 million.

Outlook and guidance

• FY2026 forecast: revenue ¥440bn (+3.8%), ordinary profit ¥52bn (+2.7%), net profit ¥40bn (+6.7%), order received target ¥520bn (+13%).

• Continued focus on productivity, technical growth, and human capital to drive further record highs.