Universal Entertainment (6425) Q4 2025 earnings summary

Executive summary

• Fiscal year 2025 saw a significant contraction in total and net assets, with a record net loss of ¥231.4 billion, mainly due to extraordinary impairment losses at OKADA MANILA and weaker integrated resort performance.

• Operating loss was ¥3.2 billion, reversing from a prior-year profit, and comprehensive income was negative ¥240.0 billion.

Financial highlights

• Net sales decreased to ¥122.8 billion, down 2.8% year-over-year, and gross profit declined to ¥71.98 billion.

• Net loss widened to ¥231.4 billion from ¥15.6 billion, mainly due to extraordinary impairment losses.

• Total assets fell 40.9% to ¥373.6 billion, and net assets dropped 64.9% to ¥129.7 billion.

• Shareholders' equity ratio fell to 34.7% from 58.4% year-over-year.

• Cash and cash equivalents at year-end increased to ¥36.3 billion.

Outlook and guidance

• Fiscal year 2026 forecast: net sales of ¥140.0 billion (+13.9%), operating profit of ¥16.0 billion, ordinary profit of ¥2.2 billion, and net income of ¥2.0 billion.

• No dividend is planned for fiscal years 2025 and 2026, prioritizing financial stability and recovery.