Technoflex (3449) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 21.8% year-over-year to ¥12,565 million, with operating profit up 85.6% to ¥1,919 million and net profit attributable to shareholders up 115.6% to ¥1,326 million.

• All business segments reported increased sales and profits compared to the same quarter last year, driven by strong overseas demand, high-margin domestic projects, and robust semiconductor-related construction in Hokkaido.

Financial highlights

• Consolidated revenue for 2Q was ¥12,565 million, up 21.8% year-over-year.

• Operating profit reached ¥1,919 million, up 85.6% year-over-year.

• Net profit attributable to shareholders was ¥1,326 million, up 115.6% year-over-year.

• Operating margin improved to 15.3% in 2Q, recovering from previous lows due to price adjustments and high-value product sales.

• Gross profit increased to ¥4,278 million from ¥3,239 million year-over-year.

Outlook and guidance

• Full-year revenue forecast is ¥23,700 million (+7.5% YoY), operating profit ¥2,900 million (+32.0% YoY), and net profit ¥2,500 million (+90.4% YoY), including a special gain from real estate sales.

• Guidance remains cautious due to uncertainties in US tariffs and FX rates; further revisions will be disclosed as needed.

• Annual dividend forecast is ¥54 per share, unchanged from previous guidance.