Totech (9960) Q4 2026 earnings summary

Executive summary

• Achieved record-high sales and profits for FY3/26, with all three core businesses posting sales growth and strong demand from redevelopment, new construction, and private-sector projects.

• Net sales for the fiscal year ended March 31, 2026, rose 9.0% year-over-year to ¥170,013 million, with operating profit up 16.6% to ¥17,125 million and profit attributable to owners of parent up 17.3% to ¥13,133 million.

• Comprehensive income increased 71.8% year-over-year to ¥18,417 million.

• Construction Segment led growth with a 16.8% YoY sales increase, while Product Sales and maintenance/repair services also expanded.

• Instrumentation Business and Energy Solution Business saw double-digit growth, with Energy Solution up 32.7% YoY.

Financial highlights

• Net sales rose 9.0% YoY to ¥170.0bn; operating profit increased 16.6% YoY to ¥17.1bn; operating margin improved by 0.7ppt to 10.1%.

• Ordinary profit reached ¥17.9bn (+15.5% YoY); profit attributable to owners of parent hit ¥13.1bn (+17.3% YoY).

• Company-wide gross profit margin improved 1.5ppt YoY to 28.4%.

• Basic earnings per share increased to ¥319.18 from ¥272.06 year-over-year.

• Net assets rose to ¥73,670 million, with an equity ratio of 64.0% as of March 31, 2026.

Outlook and guidance

• FY3/27 forecasts: net sales ¥180.0bn (+5.9%), operating profit ¥18.0bn (+5.1%), ordinary profit ¥18.5bn (+2.9%), profit attributable to owners of parent ¥13.7bn (+4.3%).

• Basic earnings per share is projected at ¥334.10 for the next fiscal year.

• Anticipates continued large-scale redevelopment but expects rising costs and higher SG&A from salary increases.