Full Year Financial Results for FY2025 (March 2026) Supplementary Material

Performance Overview

The consolidated results for FY2025 (March 2026) show order backlog of 811.8 billion yen (up 14% YoY), sales of 787.7 billion yen (up 17% YoY), operating profit of 52.0 billion yen (up 22% YoY), and profit attributable to owners of parent of 31.0 billion yen (up 16% YoY). The gross profit margin is 14.6%, and the operating profit margin is 6.6%, both exceeding the previous year. Selling, general & administrative expenses increased by 8% YoY to 62.6 billion yen, but profit growth was driven by higher sales, leading to a significant increase in operating income.

Segment-wise Order Backlog & Sales Trends

In the old segmentation, order backlog for telecommunications carriers was 269.6 billion yen (up 7% YoY), urban infrastructure 253.2 billion yen (flat YoY), and system solutions 288.9 billion yen (up 39% YoY). In the new segmentation, telecommunications infrastructure orders reached 283.9 billion yen (up 6% YoY), social infrastructure 256.3 billion yen (up 1% YoY), and system solutions 271.5 billion yen (up 42% YoY), with particularly strong growth in system solutions. Profit-wise, telecommunications carriers earned 23.3 billion yen (up 10% YoY), urban infrastructure 16.4 billion yen (up 28% YoY), and system solutions 12.2 billion yen (up 45% YoY), with profits increasing in all segments.