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TOYOTA INDUSTRIES, Net Income Forecast for the Fiscal Year Revised Downward by 25%

Fri Oct 31, 2025 11:40 am JST Earnings

6201 TOYOTA INDUSTRIES CORPORATION 【IFRS】

Earnings Report

TOYOTA INDUSTRIES CORPORATION <6201> [TSE Prime] announced its financial results (based on IFRS) at noon (11:40) on October 31st. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 38.2% from the same period last year to 91.1 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 25.0%, from the previous forecast of 240 billion yen to 180 billion yen (compared to 262 billion yen in the previous period), leading to an increase in the profit decline rate from 8.5% to 31.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 22.6% from the same period last year to 88.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 11.3 billion yen (compared to a profit of 36.2 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 5.9% in the same period last year to -1.4%.

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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
Apr - Sep, 2023 1,837,423 122,052 180,532 138,808 447.1 58.4 Oct 31, 2023 IFRS
Apr - Sep, 2024 2,015,491 126,314 192,840 147,421 477.5 54.9 Oct 31, 2024 IFRS
Apr - Sep, 2025 2,058,680 37,526 107,137 91,117 303.2 46.6 Oct 31, 2025 IFRS
YoY +2.1% -70.3% -44.4% -38.2% -36.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 Jun 3, 2025 IFRS
Apr - Sep, 2025 Results 2,058,680 37,526 107,137 91,117 303.2 0 Oct 31, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,000,000 180,000 310,000 240,000 798.7 0 Jun 3, 2025 IFRS
Mar, 2026 New 4,000,000 100,000 230,000 180,000 599.1 0 Oct 31, 2025 IFRS
Revision Rate 0.0% -44.4% -25.8% -25.0% -25.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,069,493 95,381 158,623 114,891 375.3 140 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 1,941,320 62,474 122,863 88,883 295.8 0 Oct 31, 2025 IFRS
YoY -6.2% -34.5% -22.5% -22.6% -21.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,833,205 200,404 309,190 228,778 736.9 240 Apr 26, 2024 IFRS
Mar, 2025 4,084,984 221,695 351,463 262,312 857.0 280 Apr 25, 2025 IFRS
Mar, 2026 Guidance 4,000,000 100,000 230,000 180,000 599.1 0 Oct 31, 2025 IFRS
YoY -2.1% -54.9% -34.6% -31.4% -30.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 989,733 58,418 52,952 36,215 117.3 5.9 Oct 31, 2024 IFRS
Oct - Dec, 2024 1,007,236 54,639 119,828 100,961 328.5 5.4 Jan 31, 2025 IFRS
Jan - Mar, 2025 1,062,257 40,742 38,795 13,930 45.5 3.8 Apr 25, 2025 IFRS
Apr - Jun, 2025 990,539 52,400 121,094 102,452 340.9 5.3 Jul 31, 2025 IFRS
Jul - Sep, 2025 1,068,141 -14,874 -13,957 -11,335 -37.7 -1.4 Oct 31, 2025 IFRS
YoY +7.9% － － － －

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