Tama Home (1419) Q4 2025 earnings summary

Executive summary

• FY May 2025 revenue fell 18.9% to ¥200.8bn as fewer home deliveries weighed on custom-home and detached-home sales; operating and net income exceeded revised plans.

• Detached-home orders showed signs of recovery, while remodeling orders remained steady.

Financial highlights

• Gross profit declined 13.2% to ¥51.1bn; gross margin improved to 25.4% from 23.8%.

• Operating profit fell 67.3% to ¥4.1bn; operating margin was 2.0% versus 5.1%.

• Ordinary profit was ¥3.8bn versus ¥12.9bn; profit before income taxes was ¥2.8bn versus ¥12.7bn.

• Profit attributable to owners was ¥1.5bn versus ¥8.8bn; comprehensive income was ¥1.5bn versus ¥8.7bn.

• SG&A rose to ¥47.0bn from ¥46.3bn.

Outlook and guidance

• FY May 2026 forecast: revenue ¥235.0bn (+17.0%), operating profit ¥9.3bn (+126.1%) and ordinary profit ¥9.0bn (+137.5%).

• Profit attributable to owners is forecast at ¥6.0bn (+305.9%); forecast EPS is ¥206.98.

• FY May 2025 operating income and net income exceeded the revised plan by 0.3% and 5.6%, respectively; revenue matched plan.