Takuma Co (6013) Q2 2026 earnings summary

Executive summary

• Net sales increased 3.0% year-over-year to ¥70,110 million, mainly due to the Package Boiler Business consolidation.

• Operating profit declined 9.5% year-over-year to ¥4,117 million, impacted by higher fixed costs, especially personnel expenses.

• Profit attributable to owners of parent decreased 7.1% year-over-year to ¥3,822 million, mirroring the decline in operating profit.

• Orders received remained steady at ¥161,747 million, supported by the consolidation of IHI Packaged Boiler Co., Ltd. and strong demand for waste treatment and biomass power plants.

• Comprehensive income surged 97.2% year-over-year to ¥5,799 million, mainly due to valuation gains on available-for-sale securities.

Financial highlights

• Q2 FY2025 orders received: ¥161.7 billion (down 0.2% YoY); net sales: ¥70.1 billion (up 3.0% YoY).

• Operating profit: ¥4.1 billion (down 9.5% YoY); operating margin: 5.9% (down 0.8pt YoY).

• Profit attributable to owners of parent: ¥3.8 billion (down 7.1% YoY); EPS: ¥50.94 (down 1.6% YoY).

• Gross profit rose to ¥15,315 million from ¥13,868 million year-over-year.

• Cash and cash equivalents at period end were ¥47,248 million, up from ¥38,073 million at the start of the period.

Outlook and guidance

• Full-year FY2025 forecast unchanged: orders received ¥250.0 billion (+1.5% YoY), net sales ¥165.0 billion (+9.2% YoY), operating profit ¥14.5 billion (+7.1% YoY), profit attributable to owners of parent ¥11.7 billion (+12.6% YoY).

• Net sales growth expected from Domestic Environment and Energy and Package Boiler segments.

• Operating profit growth driven by improved profitability in Domestic Environment and Energy.

• Annual dividend forecast is ¥79.00 per share, up from ¥67.00 in the previous year.

• Results are managed on an annual basis due to seasonal fluctuations.