Techno Ryowa Ltd (1965) Q4 2026 earnings summary

Executive summary

• Achieved record revenue and profit growth for the year ended March 2026, driven by robust domestic construction and equipment investment demand, especially in manufacturing and AI-related sectors.

• Revenue rose 17.2% year-over-year to ¥98.6 billion, operating income surged 63.7% to ¥15.7 billion, and net income increased 62.6% to ¥11.8 billion.

• Orders received grew 3.5% to ¥106.6 billion, with notable gains in industrial equipment projects and backlog up 10.6% year-over-year.

Financial highlights

• Revenue: ¥98.6 billion (+17.2% YoY), Operating income: ¥15.7 billion (+63.7% YoY), Net income: ¥11.8 billion (+62.6% YoY).

• Gross profit reached ¥17,425 million, with quarterly gross margins peaking at 27.5% in Q3.

• Operating margin improved to 16.0% from 11.4% year-over-year.

• Cash and equivalents at year-end totaled ¥18,508 million, up ¥6,975 million from the prior year.

• Dividend per share for FY2026 set at ¥176, up ¥6 from the previous year.

Outlook and guidance

• FY2027 guidance: Revenue ¥100 billion (+1.3% YoY), operating income ¥16 billion (+1.5% YoY), net income ¥11.8 billion (flat YoY).

• Orders expected to rise slightly to ¥107 billion (+0.3% YoY).

• Dividend forecast maintained at ¥176 per share.

• Management expects continued moderate economic recovery but notes risks from high oil prices and labor shortages in construction.