Takuma Co (6013) Q3 2025 earnings summary

Executive summary

• Q3 FY2024 saw record orders received of ¥195.6 billion, up 41.5% year-over-year, with consolidated net sales of ¥106.3 billion (+1.5% YoY), operating profit of ¥8.7 billion (+39.0% YoY), and profit attributable to owners of ¥7.2 billion (+46.4% YoY).

• All business segments contributed to growth, especially Domestic Environment and Energy, prompting upward revisions to full-year forecasts for net sales, operating profit, and profit attributable to owners.

• Comprehensive income decreased 22.9% year-over-year to 6,645 million yen due to lower other comprehensive income.

• Shareholder returns were enhanced with a revised year-end dividend forecast of 38 yen per share, annual dividend expected at 66 yen, and a planned share repurchase of up to 10 billion yen.

Financial highlights

• Q3 net sales were ¥106.3 billion, up 1.5% year-over-year; operating profit was ¥8.7 billion, up 39.0%; profit attributable to owners was ¥7.2 billion, up 46.4%.

• Basic earnings per share for Q3 was 91.66 yen, up from 61.85 yen in the prior year.

• Operating margin improved to 8.2% from 6.0% a year earlier.

• Orders received and order backlog both reached record highs, driven by strong demand in the Domestic Environment and Energy Business.

• Total assets decreased to 178,712 million yen from 191,180 million yen at the end of FY2023; net assets stood at 109,799 million yen, with a capital adequacy ratio of 61.0%.

Outlook and guidance

• Full-year forecasts for net sales, operating profit, and ordinary profit were revised upward based on strong Q3 performance.

• Net sales for FY2024 are forecast at ¥150.0 billion (+0.6% YoY), operating profit at ¥13.5 billion (+32.0% YoY), ordinary profit at ¥14.0 billion (+25.4% YoY), and profit attributable to owners at ¥10.3 billion (+17.7% YoY).

• Annual dividend forecast raised to 66 yen per share, including a 10 yen increase in the year-end dividend.

• Orders received for the full year are expected to reach a record-high ¥230.0 billion.

• Orders expected to remain strong in Domestic Environment and Energy and Package Boiler segments, with continued demand for principal products.