Matsumoto Yushi-Seiyaku (4365) Q4 2025 earnings summary

Executive summary

• Revenue increased by 3.9% year-over-year to ¥43,131 million, with operating income up 6.0% to ¥9,281 million, but ordinary income declined 9.8% to ¥9,677 million and net income attributable to shareholders fell 9.0% to ¥6,830 million.

• The business environment remained uncertain due to ongoing inflation, U.S. policy trends, and financial market volatility, but the group focused on high-quality, competitively priced products and new customer development.

Financial highlights

• Gross profit rose to ¥13,690 million from ¥12,957 million year-over-year.

• Operating margin improved to 21.5% from 21.1% year-over-year.

• Net assets increased 8.0% to ¥81,367 million, and total assets rose 6.3% to ¥95,189 million.

• Cash and equivalents at year-end were ¥32,832 million, down ¥2,717 million from the previous year.

• Annual dividend maintained at ¥400 per share, with a payout ratio of 17.0%.

Outlook and guidance

• Next fiscal year’s earnings and dividend forecasts are undecided due to uncertainties in raw material prices and exchange rates.

• The company will disclose forecasts as soon as reasonable estimates are possible.