Koito Manufacturing (7276) Q4 2025 earnings summary

Executive summary

• Fiscal 2024 net sales declined 3.5% year-over-year to ¥916.7 billion, mainly due to lower global auto production and weak Japanese vehicle sales in China.

• Operating profit dropped 19.9% to ¥44.8 billion, and ordinary profit fell 22.3% to ¥49.1 billion, impacted by production suspensions, quality costs, and increased LiDAR investments.

• Profit attributable to owners of parent rose 13.1% to ¥46.2 billion, driven by extraordinary gains from share sales and compensation received.

Financial highlights

• Gross profit decreased to ¥96.7 billion from ¥106.7 billion year-over-year.

• Net income per share increased to ¥156.49 from ¥130.93 year-over-year.

• Return on equity improved to 7.1% from 6.3% year-over-year.

• Cash and cash equivalents at year-end fell to ¥101.2 billion from ¥134.6 billion.

Outlook and guidance

• Fiscal 2025 sales are forecast to decline 5.3% to ¥868.0 billion, with operating profit expected to drop 17.5% to ¥37.0 billion and ordinary profit down 12.5% to ¥43.0 billion.

• Profit attributable to owners of parent is projected to decrease 52.4% to ¥22.0 billion.

• Dividend forecast for fiscal 2025 is maintained at ¥56 per share, unchanged from fiscal 2024.