Starts Corporation (8850) Q4 2025 earnings summary

Executive summary

• Net sales for the fiscal year ended March 31, 2025, were ¥232,978 million, nearly flat year-over-year (down 0.2%).

• Operating profit rose 7.0% year-over-year to ¥32,622 million, and ordinary profit was stable at ¥33,404 million.

• Profit attributable to owners of parent increased 9.9% year-over-year to ¥24,274 million.

• Comprehensive income declined 6.0% year-over-year to ¥23,534 million.

Financial highlights

• Gross profit increased to ¥77,579 million from ¥73,518 million year-over-year.

• Basic earnings per share rose to ¥492.15 from ¥444.84 year-over-year.

• Total assets grew to ¥333,647 million from ¥324,109 million year-over-year.

• Net assets increased to ¥178,239 million, with an equity-to-asset ratio of 52.4%.

• Cash and cash equivalents at period end were ¥88,782 million, up from ¥86,878 million.

Outlook and guidance

• Fiscal year ending March 31, 2026, forecasts net sales of ¥250,000 million (up 7.3% year-over-year).

• Operating profit is projected at ¥35,000 million (up 7.3%), and profit attributable to owners of parent at ¥23,500 million (down 3.2%).

• Full-year basic earnings per share forecast is ¥476.45.

• Annual dividend forecast is ¥130.00 per share, including a ¥65.00 interim and year-end dividend.