Ryoden (8084) Q4 2025 earnings summary

Executive summary

• Fiscal year ended March 2025 saw sales decline 16.7% year-over-year to ¥215.8 billion, with operating profit down 34.1% to ¥5.48 billion and net income down 18.1% to ¥4.7 billion.

• Comprehensive income decreased 39.3% to ¥5.49 billion compared to the previous year.

• Key management targets from the previous plan were not achieved, with profitability improvements in core businesses offset by underperformance in new and X-Tech businesses.

• New medium- to long-term plan, "ONE RYODEN Growth 2029 | 2034," targets significant growth in operating profit and ROE by FY2029 and FY2034.

Financial highlights

• Sales decreased by ¥43.2 billion year-over-year; operating profit fell by ¥2.84 billion.

• Gross profit decreased from ¥29,228 million to ¥27,543 million year-over-year.

• Ordinary profit declined 27.0% to ¥6,010 million.

• EPS was ¥214.80, down from ¥262.43 the previous year.

• Equity ratio improved to 62.7% from 55.7%; cash and equivalents rose 80.8% to ¥33.3 billion.

Outlook and guidance

• FY2026 forecast: sales to rise 2.8% to ¥221.9 billion, operating profit to remain flat at ¥5.5 billion, and net income to increase 2.1% to ¥4.8 billion.

• Full-year EPS forecasted at ¥231.47.

• Segment guidance: FA Systems and Cooling & Heating/Building Systems expected to grow, Electronics to decline slightly, X-Tech to recover to profitability.