Techno Ryowa Ltd (1965) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 2024 rose 10.6% year-over-year to ¥35,023 million, driven by strong progress in ongoing projects and increased maintenance sales.

• Operating income increased 55.6% year-over-year to ¥2,215 million, and net income attributable to shareholders rose 35.8% to ¥1,678 million, aided by improved gross margins and gains from the sale of investment securities.

• Orders received surged 21.4% year-over-year to ¥61,474 million, led by large-scale projects in the industrial equipment sector, especially semiconductor-related contracts.

Financial highlights

• Gross profit increased from ¥4,740 million to ¥5,908 million year-over-year, reflecting a higher gross margin.

• Comprehensive income declined 57.0% year-over-year to ¥960 million due to a decrease in other comprehensive income items.

• Cash and cash equivalents at period-end were ¥9,894 million, up ¥1,046 million from the previous year-end.

• Total assets decreased to ¥69,303 million from ¥76,228 million at the previous year-end, mainly due to reductions in receivables and investment securities.

• Equity ratio improved to 71.4% from 64.5% at the previous year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥83,000 million, up 12.6% year-over-year, with operating income projected at ¥7,200 million (+24.3%) and net income at ¥5,250 million (+16.5%).

• No changes have been made to the previously announced earnings guidance.

• Annual dividend forecast is ¥100 per share, double the previous year.