Source disclosure: February 13, 2026
Headwaters Co.,Ltd [4011.T]
TOKYO, Feb 13 (Pulse News Wire) – Headwaters Co.,ltd (4011.T) reported its fiscal year 2025 fourth quarter results, which fell short of previous forecasts. Revenue came in at ¥3.900 billion compared to the earlier estimate of ¥4.007 billion, while operating profit was ¥229 million versus ¥328 million expected.
Ordinary profit declined to ¥128 million from ¥332 million, and net income attributable to parent shareholders dropped to ¥58 million from ¥237 million. The shortfall was attributed to delays and cancellations among key clients due to economic conditions, despite achieving record sales. Additionally, increased personnel costs and acquisition fees contributed to lower profitability.
A significant factor was a derivative valuation loss of ¥58 million, impacting ordinary profit negatively by ¥204 million and net income by ¥179 million. In a separate announcement, the company disclosed that the derivative valuation loss stemmed from the decline in stock prices associated with BTM Corporation's shares, leading to a non-operating expense of ¥58 million. Furthermore, impairment losses related to goodwill adjustments also affected the bottom line.
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