FY2025 Financial Results & State of Operating Activities - Financial Results Briefing - May 13, 2026

Sep 4, 2026

Financial results briefing materials for TOKYO ENERGY & SYSTEMS INC. summarize FY2025 performance and the consolidated financial position, comparing FY2025 versus FY2024 across total orders received, net sales, operating profit, ordinary profit, and profit attributable to owners of the parent. The document highlights record-high projects carried forward, drivers such as strength in nuclear, renewables, and decarbonization-related capital investment, plus productivity initiatives and foreign-exchange gains. It also outlines the financial soundness metrics, including equity ratio and current ratio.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages39

Reading Time1 h 38 min

AccessFree to download

Overview of FY2025 Financial Results

Consolidated Financial Position

Consolidated Financial Results

Initiatives to Enhance Corporate Value and FY2026 Management Plan

Topics in Past Year

Total Orders Received and Net Sales by Market

Renewable energy market (Orders and Net sales)

Electric power market (Nuclear, substations, thermal)

General industrial and other market (Orders and Net sales)

Briefing materials for May 13 financial results briefing FY 2025 Financial Results & State of Operating Activities May 13, 2026 TOKYO ENERGY & SYSTEMS INC. TOKYO ENERGY & SYSTEMS INC. * The content of these materials is identical to the financial results briefing materials announced on May 12. 1 Contents Ⅰ Overview of FY2025 Financial Results Ⅱ Initiatives to Enhance Corporate Value and FY2026 Management Plan ◼ Topics in Past Year TOKYO ENERGY & SYSTEMS INC. 2 Overview of FY2025 Financial Results (Consolidated Financial Position) |
(Units: millions of yen)
Total orders received |
FY2024
91,466 |
FY2025
106,593 |
% change
16.5% |
Points
⚫ Driven by continued strong performance in the Nuclear power market, robust capital investment in the General industrial and other market aimed at decarbonization and energy conservation, and in the Renewable energy market, orders and projects carried forward to next period were both higher.
⚫ The amount of projects carried forward to the next period was a record high. | | --- | --- | --- | --- | --- | | Amount of projects carried forward to next period | 121,421 | 144,931 | 19.4% | | | Net sales | 67,722 | 83,083 | 22.7% | ⚫ Capital investment needs are rising in each market, particularly in the Electric power market, due to a significant rise in projected power demand. | | Operating profit | 2,665 | 4,737 | 77.8% | ⚫ Thanks to the steady penetration of our profit-centered order acceptance strategy, which we have pursued since the previous fiscal year, and initiatives to boost productivity, average profitability per project has greatly improved. | | Ordinary profit | 3,342 | 5,518 | 65.1% | ⚫ In addition to an increase in operating profit, we recorded foreign exchange gains due to exchange rate fluctuations. | | Profit attributable to
owners of parent company | 2,900 | 4,287 | 47.9% | ⚫ We recorded an all-time high extraordinary income from the sale of rental real estate and cross-shareholdings to improve asset efficiency. | TOKYO ENERGY & SYSTEMS INC. 3 Overview of FY2025 Financial Results (Consolidated Financial Results) Total assets increased, and net assets rose due to the recognition of net income and the valuation difference on available-for-sale securities. As of the end of the fiscal year, equity ratio stood at 60. 7% and current ratio at 215. 5%, indicating that the Company maintains a high level of financial soundness. |
(Units: millions of yen)
Current assets |
FY2024
58,018 |
FY2025
66 ,994 | ⚫ | Factors behind change
Accounts receivable from completed construction projects and contract assets increased due to the completion and progress of construction projects. | | --- | --- | --- | --- | --- | | Non-current assets | 50,063 | 52 ,301 | ⚫ | Investment securities increased due to a rise in the stock prices of shares held. | | Deferred assets | - | 33 | ⚫ | Bond issuance costs increased. | | Current liabilities | 28,347 | 31 , 093 | ⚫
⚫ | Short-term borrowings decreased due to repayment of operating capital. Income taxes payable, accrued consumption taxes, and advances received on uncompleted construction contracts, etc., all increased. | | Non-current liabilities | 11,306 | 15 , 783 | ⚫
⚫ | Non-current liabilities increased due to bond issuance. Long-term borrowings decreased. | | Net assets | 68,427 | 72 ,452 | ⚫
⚫
⚫
⚫ | Retained earnings increased due to recording of profit.
Retained earnings decreased due to dividends paid to shareholders.
Retained earnings decreased due to purchase of treasury shares.
Other increases in valuation difference on available-for-sale securities. | | Total assets | 108,081 | 119 ,329 | | | TOKYO ENERGY & SYSTEMS INC. 4 Total Orders Received and Net Sales by Market [Total orders received] Orders grew significantly in the Renewable energy market on the back of long-term O&M contracts. [Net sales] There was gr

FAQs

What key factors drove FY2025 growth in orders and profits?

Orders benefited from continued strength in the nuclear power market, robust capital investment in general industrial and other and in renewable energy markets aimed at decarbonization and energy conservation. Profit also improved through steady penetration of a profit-centered order acceptance strategy and productivity initiatives, along with foreign-exchange gains.

How did the consolidated financial position change in FY2025?

Total assets and net assets increased, supported by recognition of net income and valuation differences on available-for-sale securities. The equity ratio and current ratio at fiscal year-end indicate the company maintained high financial soundness.

Which market segments were highlighted for orders and net sales in FY2025?

The briefing emphasizes growth across all three markets year over year. It specifically details the electric power market, explaining changes across nuclear power, substations, and thermal power, and notes renewable energy market growth behind long-term O&M contracts.

Sep 4, 2026

Uploaded by Felix Montgomery