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Totenko, First Half Ordinary Profit Decreases by 12%, Jun-Aug Ordinary Profit Turns to Loss

Thu Oct 9, 2025 3:30 pm JST Earnings

8181 Totenko Co., Ltd. 【J-GAAP】

Earnings Report

Totenko Co., Ltd. <8181> [TSE Std] announced its financial results after the market closed on October 9th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 11.8% from the same period last year to 127 million yen. Progress toward the full-year plan of 470 million yen was 27.0%, also falling below the same period of the previous year of 31.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to grow 8.2% from the same period last year, reaching 343 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a loss of 25 million yen (compared to a profit of 12 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.7% in the same period last year to -1.8%.

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Actual Performance and Financial Trends

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Mar - Aug, 2023
2,223M 120M 104M -191M -74.7 26.7% Oct 12, 2023 J-GAAP
Mar - Aug, 2024
2,097M 155M 144M 127M 49.7 31.2% Oct 10, 2024 J-GAAP
Mar - Aug, 2025
2,169M 148M 127M 120M 46.9 27.0% Oct 9, 2025 J-GAAP
YoY +3.4% -4.5% -11.8% -5.5% -5.5%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar - Aug, 2025 Guidance 2,000M 140M 120M 105M 40.9 0 Apr 14, 2025 J-GAAP
Mar - Aug, 2025 Results 2,169M 148M 127M 120M 46.9 0 Oct 9, 2025 J-GAAP
Revision Rate +8.5% +5.7% +5.8% +14.3% +14.8%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep - Feb, 2024
2,613M 335M 317M 303M 118.0 15 Apr 14, 2025 J-GAAP
Guidance
Sep - Feb, 2025
2,631M 362M 343M 320M 124.6 15 Oct 9, 2025 J-GAAP
YoY +0.7% +8.1% +8.2% +5.6% +5.6%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
4,679M 424M 389M -134M -52.5 0 Apr 15, 2024 J-GAAP
Feb, 2025
4,710M 490M 461M 430M 167.5 15 Apr 14, 2025 J-GAAP
Guidance
Feb, 2026
4,800M 510M 470M 440M 171.3 15 Apr 14, 2025 J-GAAP
YoY +1.9% +4.1% +2.0% +2.3% +2.3%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jun - Aug, 2024
954M 16M 12M 7M 2.7 1.7% Oct 10, 2024 J-GAAP
Sep - Nov, 2024
1,240M 162M 153M 150M 58.6 13.1% Jan 10, 2025 J-GAAP
Dec - Feb, 2024
1,373M 173M 164M 153M 59.6 12.6% Apr 14, 2025 J-GAAP
Mar - May, 2025
1,213M 165M 152M 149M 58.3 13.6% Jul 11, 2025 J-GAAP
Jun - Aug, 2025
956M -17M -25M -29M -11.3 -1.8% Oct 9, 2025 J-GAAP
YoY +0.2%