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TOYO, First Half Ordinary Profit Decreases by 56%, Jan-Mar Ordinary Profit Decreases by 41%

Wed May 14, 2025 4:00 pm JST Earnings

8151 TOYO Corporation 【J-GAAP】

Earnings Report

TOYO Corporation <8151> [TSE Prime] announced its financial results after the market closed on May 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) significantly dropped 55.6% from the same period last year to 1.49 billion yen. The progress rate toward the full-year plan of 2.4 billion yen was 62.1%, below the five-year average of 89.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to surge 43 times that of the same period last year, reaching 0.91 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit dropped to 1.57 billion yen, a 41.2% decrease compared to the same period last year. The operating profit margin decreased from 19.3% in the same period last year to 14.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 15,486 1,504 1,594 1,140 49.6 88.6 May 10, 2023 J-GAAP
Oct - Mar, 2023 20,368 3,323 3,354 2,468 110.3 99.4 May 15, 2024 J-GAAP
Oct - Mar, 2024 17,376 1,396 1,490 858 39.9 62.1 May 14, 2025 J-GAAP
YoY -14.7% -58.0% -55.6% -65.2% -63.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 30 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 Results 17,376 1,396 1,490 858 39.9 30 May 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 14,674 43 21 54 2.4 43 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 15,624 1,004 910 892 41.4 39 May 14, 2025 J-GAAP
YoY +6.5% +2,234.9% +4,233.3% +1,551.9% +1,610.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 28,172 1,472 1,800 1,534 67.5 54 Nov 8, 2023 J-GAAP
Sep, 2024 35,042 3,366 3,375 2,522 113.0 68 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 33,000 2,400 2,400 1,750 81.2 69 Nov 13, 2024 J-GAAP
YoY -5.8% -28.7% -28.9% -30.6% -28.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 13,424 2,591 2,684 1,811 81.0 19.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,552 -371 -274 -167 -7.5 -6.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 9,122 414 295 221 9.9 4.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 6,223 -182 -87 -134 -6.3 -2.9 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 11,153 1,578 1,577 992 46.2 14.1 May 14, 2025 J-GAAP
YoY -16.9% -39.1% -41.2% -45.2% -43.0%

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