Uchida Yoko (8057): FY2025 Results Summary — Record Sales and Profit Across the Board

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: Uchida Yoko does not publish an English-language results presentation; this article is an English translation of the Japanese-language article on our sister site Investalk, which is based on the company’s Japanese-language IR materials, with figures transcribed as reported. Uchida Yoko’s fiscal year ends July 31; the company’s materials label the most recent completed fiscal year as the fiscal year ended July 2025, which this site classifies as FY2025. Consolidated net sales for FY2025 were 337,055 million yen (+21.3% year on year), operating profit was 12,174 million yen (+30.3%), ordinary profit was 13,126 million yen (+29.5%), and profit attributable to owners of parent was 9,825 million yen (+40.4%), representing substantial growth in both revenue and profit. The company states that net sales and all profit lines — operating profit, ordinary profit, and net income — reached record highs. Software licensing and systems integration (SI) business performed well, and office renovation projects also progressed steadily.

Consolidated Results (FY2025 Actual)

As key highlights, the company cites: device replacement and IT service demand tied to the end of Windows 10 support increased more than expected in the private-sector market; work on systems introduced under municipal system standardization began and progressed smoothly in the public-sector market; network reinforcement and integration projects to support one-device-per-student use at schools continued to perform well; and GIGA School device replacement began with devices installed in and before fiscal 2020. As a result, the baseline of performance in both the private and public markets rose steadily, and the company steadily captured ICT-related special demand from both the public and private sectors.

Item	FY2024	FY2025	Change (Amount)	Change (Rate)
Net sales (¥ million)	277,940	337,055	+59,115	+21.3%
Gross profit (¥ million)	47,734	52,387	+4,652	+9.7%
SG&A expenses (¥ million)	38,389	40,213	+1,823	+4.8%
Operating profit (¥ million)	9,345	12,174	+2,828	+30.3%
Ordinary profit (¥ million)	10,135	13,126	+2,991	+29.5%
Profit attributable to owners of parent (¥ million)	6,996	9,825	+2,828	+40.4%

Segment Results

The company operates in three segments — the Public Sector Business, the Office Business, and the Information Systems Business — and all three achieved growth in both revenue and profit. In the Public Sector Business, completing the fiscal 2024 portion of system migration work for customers under municipal system standardization, and steady progress on the fiscal 2025 portion, contributed to higher revenue; network integration projects in the elementary, junior high, and high school ICT field remained firm, and the company steadily won larger-scale school facility projects. From the third quarter, demand tied to NEXT GIGA (replacement demand for devices installed before the previous GIGA School special-demand period) began to emerge, boosting sales. In the Office Business, office renovation projects expanded, mainly in the Tokyo metropolitan area, against a backdrop of strong corporate earnings, and the company also won large-scale projects for municipal government buildings. In the Information Systems Business, IT-related services such as PC replacement and kitting tied to the end of Windows 10 support grew substantially, supported by customer expansion through cooperation between the software licensing business and the SI business, and cloud-based subscription-type software license contracts also continued to perform well (the company won an extra-large project in the fourth quarter). On the other hand, the mid-tier and small/medium-sized customer market saw a reaction to the previous year’s invoice-system-related demand.

Segment	Metric	FY2024	FY2025	Change (Amount)	Change (Rate)
Public Sector Business	Net sales (¥ million)	80,949	92,781	+11,832	+14.6%
Public Sector Business	Operating profit (¥ million)	3,022	5,240	+2,218	+73.3%
Office Business	Net sales (¥ million)	56,306	59,419	+3,113	+5.5%
Office Business	Operating profit (¥ million)	1,620	1,987	+367	+22.6%
Information Systems Business	Net sales (¥ million)	139,657	183,661	+44,004	+31.5%
Information Systems Business	Operating profit (¥ million)	4,405	4,591	+186	+4.2%

FY2026 Forecast

Item	FY2025 (Actual)	FY2026 (Plan)	Change (Amount)	Change (Rate)
Net sales (¥ million)	337,055	418,000	+80,945	+24.0%
Operating profit (¥ million)	12,174	15,400	+3,226	+26.5%
Ordinary profit (¥ million)	13,126	16,300	+3,174	+24.2%
Profit attributable to owners of parent (¥ million)	9,825	10,800	+975	+9.9%

In the public-sector market, the company expects substantial growth in both revenue and profit, reflecting its response to municipal system standardization, which is expected to peak this fiscal year, and to GIGA device replacement demand. In the private-sector market, the company expects continued growth in its ICT and office businesses, based on the view that DX investment and human-capital investment by large corporations will remain firm. As positive factors, the company cites: NEXT GIGA device replacement demand (expected to move into full swing from August 2025, the first quarter of FY2026, although it also notes the impact of a decline in the number of projects compared with five years earlier); demand related to municipal system standardization (activity expected to pick up toward completion by March 2026); and demand tied to the end of Windows 10 support (demand is expected to increase through around October 2025, while a decline is expected from the third quarter onward as a reaction to the previous year’s demand). By segment, the company plans net sales of 151,000 million yen for the Public Sector Business (+62.7% year on year; operating profit of 7,800 million yen, +2,560 million yen), net sales of 64,000 million yen for the Office Business (+7.7%; operating profit of 2,200 million yen, +213 million yen), and net sales of 202,000 million yen for the Information Systems Business (+10.0%; operating profit of 5,100 million yen, +509 million yen), with growth in both revenue and profit expected across all segments.

Shareholder Returns

The company’s basic policy on profit distribution is to maintain a stable dividend as a precondition while aiming for further expansion and enhancement going forward. The FY2025 year-end dividend per share was 300 yen, an increase of 80 yen from the previous fiscal year (FY2024: 220 yen). The materials state that the company currently plans to continue the 300 yen dividend, while making its decision based on a comprehensive assessment of future business performance and the management environment. In some past years, the company also paid a 110th-anniversary commemorative dividend or a special dividend in addition to the ordinary dividend.

Item	FY2024	FY2025	Change
Year-end dividend per share (¥)	220	300	+80 yen

17th Medium-Term Management Plan (FY2025-FY2027): Progress

Under its 17th Medium-Term Management Plan (FY2025-FY2027), the company is extending management transformation across the group while advancing investment in its management infrastructure with a view to the next ten years. As a basic policy, the company is promoting the sharing of resources across the group from the perspective of markets and expertise, and is aligning the vectors of each business unit around “people” and “data.” Under its successive medium-term plans, net sales have grown from 138.2 billion yen in the fiscal year ended July 2016 to 337.0 billion yen in FY2025, and are planned to reach 418.0 billion yen in FY2026, while operating profit has grown over the same period from 3.4 billion yen to 12.1 billion yen, and is planned to reach 15.4 billion yen in FY2026. Regarding its target management indicator, the company aims to maintain return on equity (ROE) stably at 10% or higher while advancing transformation investment to respond to future market changes; ROE for FY2025 was 14.5%.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.