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TOYO SHUTTER, First Half Ordinary Profit Decreases by 15%, Jul-Sep Ordinary Profit Decreases by 18%
5936 TOYO SHUTTER CO.,LTD. 【J-GAAP】
Earnings ReportTOYO SHUTTER CO.,LTD. <5936> [TSE Std] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 14.7% from the same period last year to 0.32 billion yen. Progress toward the full-year plan of 1.24 billion yen was 26.2%, also falling below the five-year average of 30.3%.
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 October to March period (second half) is expected to grow 10.4% from the same period last year, reaching 0.91 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.25 billion yen, a 17.9% decrease compared to the same period last year. The operating profit margin worsened from 6.4% in the same period last year to 5.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 10,338 | 610 | 571 | 369 | 58.3 | 41.8 | Oct 27, 2023 | J-GAAP |
| Apr - Sep, 2024 | 9,646 | 425 | 381 | 243 | 38.5 | 31.5 | Oct 30, 2024 | J-GAAP |
| Apr - Sep, 2025 | 10,143 | 378 | 325 | 199 | 31.6 | 26.2 | Oct 31, 2025 | J-GAAP |
| YoY | +5.2% | -11.1% | -14.7% | -18.1% | -18.0% |
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 | 8,800 | 300 | 260 | 180 | 28.4 | 0 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 10,143 | 378 | 325 | 199 | 31.6 | 0 | Oct 31, 2025 | J-GAAP |
| Revision Rate | +15.3% | +26.0% | +25.0% | +10.6% | +11.1% |
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 | 11,225 | 876 | 829 | 549 | 86.8 | 38 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 10,857 | 942 | 915 | 601 | 94.9 | 40 | Oct 31, 2025 | J-GAAP |
| YoY | -3.3% | +7.5% | +10.4% | +9.5% | +9.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 21,487 | 1,480 | 1,367 | 959 | 151.5 | 31 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 20,871 | 1,301 | 1,210 | 792 | 125.2 | 38 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 21,000 | 1,320 | 1,240 | 800 | 126.3 | 40 | May 14, 2025 | J-GAAP |
| YoY | +0.6% | +1.5% | +2.5% | +1.0% | +0.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 5,155 | 331 | 312 | 204 | 32.3 | 6.4 | Oct 30, 2024 | J-GAAP |
| Oct - Dec, 2024 | 5,339 | 435 | 427 | 287 | 45.4 | 8.1 | Jan 30, 2025 | J-GAAP |
| Jan - Mar, 2025 | 5,886 | 441 | 402 | 262 | 41.4 | 7.5 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 4,597 | 96 | 69 | 38 | 6.1 | 2.1 | Jul 30, 2025 | J-GAAP |
| Jul - Sep, 2025 | 5,546 | 282 | 256 | 161 | 25.6 | 5.1 | Oct 31, 2025 | J-GAAP |
| YoY | +7.6% | -14.8% | -17.9% | -21.1% | -21.0% |
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