Kawada Technologies' FY2025 results soar, FY2026 outlook cautious

Kawada Technologies Inc. (TSE:3443) announced record financial results for fiscal year 2025, ended March 31, 2025, driven by strong project progress and solid growth in its solutions segment, while issuing a cautious forecast for fiscal year 2026 due to increasing cost pressures and market competition. FY2025 sales reached JPY132.905 billion, a 2.9% increase year-over-year, and net income attributable to owners of Kawada surged 47.3% to JPY11.107 billion. The company's strong order book led to the highest-ever levels of both newly-received and on-hand orders, particularly in steel construction and civil engineering. As a result of these successes, the company has revised upwards its targets in its third medium-term management plan.