Takuma forecasts record profits fueled by strong EPC and renewable demand

Takuma forecasts record profits for FY2025, building on a strong FY2024 performance marked by record order intake and backlog, driven by robust demand for municipal solid waste treatment plants. The company projects FY2025 orders of JPY250 billion, net sales of JPY165 billion, and an operating profit of JPY14.5 billion. This optimism stems from continued momentum in waste treatment and renewable energy, specifically targeting an increase in long-term O&M contracts and a strategic focus on EPC projects, alongside increased revenue in the Package Boiler Business. The company aims to increase efficiencies in operations, and a number of strategic M&A actions are scheduled for completion in FY2025. To improve shareholder return, Takuma plans a JPY18 billion share repurchase over three years. To support future growth, Takuma plans to strengthen its workforce by adding 1,200 employees, and increase focus on R&D, specifically focused on CCUS and carbon recycling, with the goal of having these technologies fully established by 2030.