Fukuda Denshi (6960) Q4 2025 earnings summary

Executive summary

• Net sales for FY ended March 31, 2025 were ¥139,007 million, down 0.9% year-over-year.

• Operating profit decreased 2.4% to ¥25,874 million, and profit attributable to owners of parent fell 0.5% to ¥18,605 million.

• The business environment was marked by economic recovery but ongoing uncertainty due to rising resource prices and global trade friction.

Financial highlights

• Gross profit was ¥73,816 million, with a gross margin of 53.1%.

• Earnings per share rose to ¥645.41, up 3.7% year-over-year.

• Comprehensive income dropped 20% to ¥18,160 million.

• Cash and cash equivalents at year-end increased to ¥67,348 million.

• Annual dividend per share was ¥195.00, with a payout ratio of 30.2%.

Outlook and guidance

• FY2026 forecast: net sales ¥137,000 million (down 1.4%), operating profit ¥24,000 million (down 7.2%), profit attributable to owners of parent ¥17,000 million (down 8.6%), EPS ¥589.68.

• Dividend forecast for FY2026 is ¥180.00 per share.