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Financial results presentation167ARyoyo Ryosan Holdings,Inc.Trading & Wholesale

FY2025 Financial Results Briefing Materials

Revenue was broadly flat in FY2025, while operating income and ordinary income increased. However, net income declined, and the FY2026 earnings forecast was left undetermined due to ongoing discussions regarding the authorized dealership agreement with Renesas.

Worth reading
59In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
15.9
¥100 million (year-on-year change in operating profit)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationFY20259 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,599 Hundreds of millions of yen0.0%
Operating profit101.3 Hundreds of millions of yen+18.6%
Ordinary income89.3 Hundreds of millions of yen+25.2%
Net income74.4 Hundreds of millions of yen-20.7%
Gross Profit Margin10.4%
Operating profit margin2.8%
Selling, general and administrative expenses274.7 Hundreds of millions of yen
Results for the three months of the current quarter
Device business
Net Sales
677 Hundreds of millions of yen
Operating profit
16.7 Hundreds of millions of yen
Solutions Business
Net Sales
331 Hundreds of millions of yen
Operating profit
18.1 Hundreds of millions of yen
Full-year earnings forecastFY2026: Undetermined. The FY2028 earnings targets will be reviewed and disclosed again at a later date.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Device Business revenue
    Change in amount-49
  • Solutions Business revenue
    Change in amount50
  • Device Business operating income
    Change in amount12.5
  • Solutions Business operating income
    Change in amount7.3
  • Operating income adjustments
    Change in amount-3.9
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Device Business: Gradual recovery in demand after the inventory adjustment phase eases
  • Device Business: Concern over the impact of supply shortages for certain semiconductors and geopolitical risks
  • Solutions Business: Growth centered on the AI field and expansion into adjacent areas through integration synergies
New initiatives
  • Continued investment in growth areas such as AI and robotics
  • IT investment, including the integration and visualization of customer data and enhancements to sales support tools
  • Improving productivity through standardization of business processes and system renewal
  • Promoting alliances, including new business integrations and business partnerships
  • Merger of the business subsidiaries of リョーサン and 菱洋エレクトロ, effective 1 April 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Revenue from Renesas products781 Hundreds of millions of yen
    Year on year against the same period last year-¥6.0 billion
  • Renesas product revenue as a percentage of total revenue21.7%
    Year on year against the same period last yearDown from 23.4%
  • Equity ratio54.6%
  • Book value per share¥3,413.06
Segment results
  • Device business
    Net Sales2,547 Hundreds of millions of yen
    Year-on-year change in revenue-1.9%
    Operating profit57.3 Hundreds of millions of yen
    Year-on-year operating profit growth+27.9%
  • Solutions Business
    Net Sales1,053 Hundreds of millions of yen
    Year-on-year change in revenue+5.0%
    Operating profit43.7 Hundreds of millions of yen
    Year-on-year operating profit growth+19.9%
Medium-term management plan targets
FY2028Revenue of ¥500 billion and operating income of ¥30 billion. However, these targets are scheduled to be reviewed following an assessment of the business integration and future developments.
Annual Dividend
FY2025
Annual¥140 per share
Interim¥70 per share
End of period¥70 per share
Fiscal 2026 Plan
Annual¥140 per share
Interim¥70 per share
End of period¥70 per share
Payout ratio
FY2025: 75.4% (FY2026 plan: —)
Acquisition of treasury shares
Cancellation of treasury shares: 4,000,000 shares; scheduled cancellation date: 25 May 2026. Acquisition limit: Not disclosed.
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2025
Net Sales3,599 Hundreds of millions of yen (YoY 0.0%)
Operating profit101.3 Hundreds of millions of yen (YoY +18.6%)
Ordinary income89.3 Hundreds of millions of yen (YoY +25.2%)
Net income74.4 Hundreds of millions of yen (YoY -20.7%)
Gross Profit Margin10.4%
Operating profit margin2.8%
Selling, general and administrative expenses274.7 Hundreds of millions of yen
Results for the three months of the current quarterDevice business Net Sales 677 Hundreds of millions of yen / Operating profit 16.7 Hundreds of millions of yen / Solutions Business Net Sales 331 Hundreds of millions of yen / Operating profit 18.1 Hundreds of millions of yen
Full-year earnings forecastFY2026: Undetermined. The FY2028 earnings targets will be reviewed and disclosed again at a later date.
Segment resultsSegment Device business / Net Sales 2,547 Hundreds of millions of yen / Year-on-year change in revenue -1.9% / Operating profit 57.3 Hundreds of millions of yen / Year-on-year operating profit growth +27.9%, Segment Solutions Business / Net Sales 1,053 Hundreds of millions of yen / Year-on-year change in revenue +5.0% / Operating profit 43.7 Hundreds of millions of yen / Year-on-year operating profit growth +19.9%
Breakdown of Factors Affecting the ChangeItem Device Business revenue / Change in amount -49 Hundreds of millions of yen, Item Solutions Business revenue / Change in amount 50 Hundreds of millions of yen, Item Device Business operating income / Change in amount 12.5 Hundreds of millions of yen, Item Solutions Business operating income / Change in amount 7.3 Hundreds of millions of yen, Item Operating income adjustments / Change in amount -3.9 Hundreds of millions of yen
Key KPIsIndicator name Revenue from Renesas products / Value 781 Hundreds of millions of yen / Year on year against the same period last year -¥6.0 billion, Indicator name Renesas product revenue as a percentage of total revenue / Value 21.7% / Year on year against the same period last year Down from 23.4%, Indicator name Equity ratio / Value 54.6% / Year on year against the same period last year Not disclosed, Indicator name Book value per share / Value ¥3,413.06 / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookDevice Business: Gradual recovery in demand after the inventory adjustment phase eases, Device Business: Concern over the impact of supply shortages for certain semiconductors and geopolitical risks, Solutions Business: Growth centered on the AI field and expansion into adjacent areas through integration synergies
Medium-term management plan targetsFY2028 Revenue of ¥500 billion and operating income of ¥30 billion. However, these targets are scheduled to be reviewed following an assessment of the business integration and future developments.
Annual DividendFY2025 Annual ¥140 per share / Interim ¥70 per share / End of period ¥70 per share / Fiscal 2026 Plan Annual ¥140 per share / Interim ¥70 per share / End of period ¥70 per share
Payout ratioFY2025: 75.4% (FY2026 plan: —)
Acquisition of treasury sharesCancellation of treasury shares: 4,000,000 shares; scheduled cancellation date: 25 May 2026. Acquisition limit: Not disclosed.
New initiativesContinued investment in growth areas such as AI and robotics, IT investment, including the integration and visualization of customer data and enhancements to sales support tools, Improving productivity through standardization of business processes and system renewal, Promoting alliances, including new business integrations and business partnerships, Merger of the business subsidiaries of リョーサン and 菱洋エレクトロ, effective 1 April 2026
Items this document does not state (11)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The increase in operating income was due to a higher mix of high-margin products in the Device Business and contributions from new, highly profitable projects, as well as growth in high-value-added projects, particularly in the AI field, in the Solutions Business. The decline in net income was mainly due to a decrease in extraordinary income and expenses from ¥5.93 billion in the previous fiscal year to ¥2.32 billion. The FY2026 earnings forecast was left undetermined because discussions with Renesas are ongoing, making it difficult to forecast future earnings trends.

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FY2025 Financial Results Briefing Materials | Ryoyo Ryosan Holdings,Inc. (167A) timely disclosure | Komori