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TOYO, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 38%

Wed Aug 6, 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 August 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) significantly dropped 60.2% from the same period last year to 1.22 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 37.5%, from the previous forecast of 2.40 billion yen to 1.50 billion yen (compared to 3.37 billion yen in the previous period), leading to an increase in the profit decline rate from 28.9% to 55.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the April to September period (second half) has decreased 98.9%, from the previous forecast of 0.91 billion yen to 0.01 billion yen (compared to 0.02 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 52.4% decrease in profit.

In the most recent three-month period, from April to June (3Q), the consolidated ordinary loss improved to a deficit of 0.26 billion yen (compared to a loss of 0.27 billion yen in the same period last year). The operating profit/loss margin improved from -6.7% in the same period last year to -5.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Jun, 2022 21,154 1,143 1,362 963 42.2 75.7 Aug 9, 2023 J-GAAP
Oct - Jun, 2023 25,920 2,952 3,080 2,301 102.8 91.3 Aug 7, 2024 J-GAAP
Oct - Jun, 2024 23,445 1,080 1,227 609 28.3 81.8 Aug 6, 2025 J-GAAP
YoY -9.5% -63.4% -60.2% -73.5% -72.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 15,624 1,004 910 892 41.4 39 May 14, 2025 J-GAAP
Apr - Sep, 2025 New 14,624 104 10 -58 -2.7 39 Aug 6, 2025 J-GAAP
Revision Rate -6.4% -89.6% -98.9% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 33,000 2,400 2,400 1,750 81.2 69 Nov 13, 2024 J-GAAP
Sep, 2025 New 32,000 1,500 1,500 800 37.1 69 Aug 6, 2025 J-GAAP
Revision Rate -3.0% -37.5% -37.5% -54.3% -54.3%

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 14,624 104 10 -58 -2.7 39 Aug 6, 2025 J-GAAP
YoY -0.3% +141.9% -52.4% － －

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 32,000 1,500 1,500 800 37.1 69 Aug 6, 2025 J-GAAP
YoY -8.7% -55.4% -55.6% -68.3% -67.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 6,069 -316 -263 -249 -11.6 -5.2 Aug 6, 2025 J-GAAP
YoY +9.3% +14.8% +4.0% -49.1% -55.2%

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