TOKYO KEIKI (7721) Q4 2025 earnings summary

Executive summary

• FY2024 achieved record highs in net sales, operating profit, and ordinary profit, driven by strong performances in Defense & Communications Equipment and Marine Systems, and supported by a favorable weak yen environment.

• Orders received and order backlog reached record levels, especially in Defense & Communications Equipment, reflecting robust demand.

• Strategic focus on improving earning power, expanding business domains, and strengthening management foundation under the Vision 2030 plan.

Financial highlights

• Net sales for FY2024 were ¥57,650 million, up 22.2% year-over-year; operating profit was ¥4,856 million, up 75.4%; ordinary profit was ¥5,001 million, up 67.2%; profit attributable to owners of parent rose 66.8% to ¥3,797 million.

• Operating profit margin improved to 8.4% from 5.9% in the prior year.

• EPS increased to ¥231.15 from ¥138.62 year-over-year.

• Total assets grew to ¥76,497 million (+¥9,519 million YoY); equity-to-asset ratio at 52.8%.

Outlook and guidance

• FY2025 net sales are forecast at ¥59,600 million (+3.4% YoY), but operating profit is expected to decrease to ¥3,890 million (-19.9% YoY) due to higher personnel and relocation costs.

• FY2026 targets have been revised upward, aiming for record-high net sales of ¥68,300 million and operating profit of ¥5,580 million.

• Dividend forecast raised to ¥40 per share for FY2026.