Tsukishima Holdings (6332) Q4 2026 earnings summary

Executive summary

• Net sales and all profit items reached record highs for FY2025, driven by strong project progress and improved profitability in the Industrial Business.

• Operating profit increased 10.4% year-over-year to ¥9,842 million, and ordinary profit grew 7.2% to ¥10,987 million.

• Profit attributable to owners of parent surged 153.6% year-over-year to ¥16,910 million, boosted by significant extraordinary income, including gains from asset sales.

• Orders received decreased due to a transitional period in the Water Environmental Business, but order backlog hit a record high.

• Comprehensive income reached ¥22,873 million, up 136.0% year-over-year.

Financial highlights

• Net sales rose to ¥148,954 million, up 7.0% year-over-year.

• Operating profit increased to ¥9,842 million, up 0.9 billion yen year-over-year.

• EBITDA reached ¥13,500 million, up 0.8 billion yen year-over-year.

• Gross profit improved to ¥31,122 million from ¥28,851 million year-over-year.

• Extraordinary income totaled ¥15,619 million, mainly from insurance claim income and gains on sale of investment securities.

Outlook and guidance

• FY2026 forecasts record highs for orders received (¥190,000 million), net sales (¥152,000 million), and operating profit (¥11,000 million).

• Profit attributable to owners of parent is expected to decrease to ¥8,500 million due to the absence of one-time gains.

• ROE is projected to normalize to the mid-8% range, and ROIC to around 7%.

• Basic earnings per share forecast is ¥214.86.

• Demand for facility upgrades and large-scale projects in Water Environmental is expected to drive growth.