Techno Ryowa Ltd (1965) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, rose 12.2% year-over-year to ¥57,070 million, driven by strong order intake and progress in ongoing projects.

• Operating income increased 78.6% year-over-year to ¥5,243 million, and net income attributable to shareholders rose 70.5% to ¥3,895 million, aided by improved gross margins and gains from the sale of investment securities.

• Orders received surged 21.3% year-over-year to ¥81,741 million, led by large-scale projects in the industrial equipment and general building sectors.

Financial highlights

• Gross profit increased from ¥7,979 million to ¥10,916 million year-over-year.

• Comprehensive income for the period was ¥3,202 million, slightly down from ¥3,258 million the previous year due to a decline in other comprehensive income.

• EPS for the period was ¥185.14, up from ¥105.45 year-over-year.

• Total assets at period-end were ¥72,882 million, with net assets of ¥50,661 million and an equity ratio of 69.5%.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥84,800 million, a 15.1% increase year-over-year.

• Operating income forecast raised to ¥9,320 million (+60.9%), net income to ¥6,970 million (+54.7%), and EPS to ¥331.28.

• Dividend forecast maintained at ¥100 per share for the full year.