Uchida Yoko (8057) Q4 2026 earnings summary

Executive summary

• FY2025 sales and reported profit measures reached record highs, driven by exceptional GIGA School device-upgrade demand and growth in baseline businesses.

• Strong demand in public and private markets, including large-scale ICT projects, supported growth.

• FY2026 guidance forecasts lower sales and operating income as special demand recedes, partly offset by baseline business improvement.

Financial highlights

• FY2025 sales were ¥425,729 million, up 26.3% YoY; gross profit rose 13.1% to ¥59,240 million and SG&A increased 8.4% to ¥43,609 million.

• Operating income rose 28.4% to ¥15,631 million; ordinary income increased 27.8% to ¥16,770 million.

• Net income attributable to parent owners grew 27.1% to ¥12,486 million; FY2026 guidance excludes the prior-year gain on sale of investment securities.

• Comprehensive income increased 121.6% to ¥18,052 million; year-end cash and cash equivalents were ¥31,364 million.

• Equity-to-asset ratio improved to 45.8% from 40.3%; basic EPS was ¥253.23 post-stock split.

Outlook and guidance

• FY2026 sales are forecast at ¥400,000 million, down 6.0%; operating income at ¥15,000 million, down 4.0%; and net income attributable to parent owners at ¥10,500 million, down 15.9%.

• FY2026 segment guidance: Government and Education sales ¥115,200 million and operating income ¥7,350 million; Office sales ¥63,700 million and operating income ¥2,600 million; Information sales ¥220,000 million and operating income ¥4,800 million.

• FY2025 results exceeded initial 17th Midterm Plan projections; FY2026 forecast is ¥400 billion sales and ¥15 billion operating income versus initial projections of ¥340 billion and ¥11.5 billion.

• FY2026 dividend per share is forecast at ¥76, up ¥16; baseline business is expected to expand as GIGA School and Windows upgrade demand subsides.