Techno Ryowa Ltd (1965) Q4 2025 earnings summary

Executive summary

• Revenue rose 14.3% year-over-year to ¥84,190 million, driven by strong industrial equipment orders and balanced growth across business segments.

• Operating income surged 66.2% to ¥9,629 million, and net income attributable to shareholders increased 61.0% to ¥7,256 million year-over-year.

• Orders received grew 24.5% to ¥103,043 million, with notable gains in industrial and general building equipment projects.

Financial highlights

• Gross margin improved as operating profit margin rose to 11.4% from 7.9% year-over-year.

• Cash and equivalents at year-end increased to ¥11,533 million, up ¥2,685 million from the previous year.

• Equity ratio improved to 66.0% from 64.5% year-over-year.

• EPS increased to ¥344.90 from ¥209.44 year-over-year.

Outlook and guidance

• Fiscal 2026 guidance projects revenue of ¥90,000 million (+6.9%), operating income of ¥10,100 million (+4.9%), and net income of ¥7,300 million (+0.6%).

• Management remains cautious due to global economic uncertainties but expects construction investment to remain stable.

• Dividend forecast for next year is ¥104 per share, up ¥4 from the current year.