Takuma Co (6013) Q4 2025 earnings summary

Executive summary

• Orders received reached ¥246.3 billion, up ¥85.7 billion year-over-year, surpassing the initial target, with order backlog at a record ¥577.8 billion due to robust demand, especially for waste treatment plants.

• Consolidated net sales, operating profit, orders received, and profit attributable to owners of parent all increased in FY2024, with several metrics reaching record highs year-over-year.

• FY2025 forecasts anticipate further growth in net sales, operating profit, and profit attributable to owners of parent, with another year of record results expected.

• The 14th Medium-Term Management Plan financial targets have been revised upward, reflecting strong business performance and favorable market conditions.

• Comprehensive income declined 35.5% year-over-year to ¥8.8 billion due to negative valuation differences on securities.

Financial highlights

• FY2024 orders received: ¥246.3 billion (+53.4% YoY); net sales: ¥151.1 billion (+1.3% YoY); operating profit: ¥13.5 billion (+32.3% YoY); profit attributable to owners of parent: ¥10.4 billion (+18.7% YoY).

• Operating margin improved to 9.0% from 6.9% in the prior year.

• Basic earnings per share rose to ¥132.24 (+20.8% YoY).

• FY2025 forecasts: 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), EPS ¥158.

• Annual dividend per share increased to ¥67, with a payout ratio of 50.7%.

Outlook and guidance

• Orders received and profit attributable to owners of parent are expected to reach record highs for two consecutive years.

• Dividend per share is projected to increase from ¥67 in FY2024 to ¥79 in FY2025.

• The company plans to repurchase up to ¥18 billion in treasury shares over three years, with a total return ratio for FY2025 expected at approximately 115%.

• Management expects continued robust demand for waste treatment and maintenance services.