TANAKEN (1450) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, increased by 22.5% year-over-year to ¥10,755 million, driven by robust order intake and growth in large-scale projects.

• Operating income declined by 10.9% year-over-year to ¥1,536 million, and net income decreased by 9.8% to ¥974 million, reflecting higher costs despite strong sales.

• The company is executing a mid-term plan focused on strengthening its brand, workforce, and alliances, with 2026 as the final year of its current phase.

Financial highlights

• Gross profit for the period was ¥2,266 million, down from ¥2,392 million in the prior year.

• Operating margin declined due to increased cost of sales and higher SG&A expenses.

• Total assets at quarter-end were ¥11,221 million, with net assets of ¥8,817 million and an equity ratio of 78.6%.

• Depreciation expense for the period was ¥37 million, nearly unchanged year-over-year.

Outlook and guidance

• Full-year revenue is forecast at ¥14,000 million, up 14.0% year-over-year.

• Full-year operating income is projected at ¥1,700 million (up 27.0%), and net income at ¥1,200 million (up 23.9%).

• No changes have been made to previously announced guidance.

• Dividend forecast remains at ¥55 per share for the full year.