Inaba Denki Sangyo (9934) Q4 2025 earnings summary

Executive summary

• Net sales rose 11.2% year-over-year to ¥384,012 million for the fiscal year ended March 31, 2025, with operating profit up 19.9% to ¥25,556 million and profit attributable to owners of parent up 20.2% to ¥18,783 million.

• Comprehensive income increased 4.0% year-over-year to ¥18,499 million.

Financial highlights

• Gross profit increased to ¥65,086 million from ¥57,053 million year-over-year, while operating profit margin improved to 6.7%.

• Ordinary profit rose 18.2% to ¥26,698 million, and basic earnings per share increased to ¥333.84.

• Total assets grew to ¥278,983 million, and equity-to-asset ratio remained strong at 61.8%.

• Cash flows from operating activities increased to ¥23,279 million, while cash and cash equivalents at year-end reached ¥66,062 million.

Outlook and guidance

• For the fiscal year ending March 31, 2026, net sales are forecast to grow 2.1% to ¥392,000 million, with operating profit expected to rise 4.5% to ¥26,700 million and profit attributable to owners of parent to increase 3.3% to ¥19,400 million.

• Annual dividend per share is forecast at ¥140, with a projected payout ratio of 40.5%.