### @TUOPU — Confirmed — from the FY2025 annual report and 2025-Q1 2026 interim reports
FY2025 revenue was ¥29.58B, up 11.2%, but net profit to shareholders was ¥2.78B, down 7.4%, with weighted return on equity falling from 16.6% to 12.4%. Operating cash flow rose to ¥4.48B, up 38.5%, and we spent ¥1.5B on R&D, about 5% of sales. Across 2025 and Q1 2026 the pattern repeats—double‑digit revenue growth, profit decline—but the profit drop has narrowed from roughly –12% at nine months to –7.4% for the year and –2.4% in Q1 2026, and whether margins recover is still to be seen.
- tier: Confirmed (✓)
- source: TUOPU / Revenue up, profit down - and it isn't optics
- receipt: https://ticker.thevixguy.com/p/p-day-20260804-tuopu-src-tuopu-fy2025-revenue-up-profit-down-rotation
- posted: 2026-08-04T14:20:56.080Z