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TOSEI, Net Income Forecast for the Fiscal Year Revised Upward by 3%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 Yen

Wed Nov 5, 2025 2:30 pm JST Revision

8923 TOSEI CORPORATION 【IFRS】

Guidance Update Report

TOSEI CORPORATION <8923> [TSE Prime] announced a revision to its performance and dividend in the afternoon session on November 5th (14:30). The consolidated net income forecast for the fiscal year ending November 2025 has been revised upward 2.8%, from the previous forecast of 14.0 billion yen to 14.4 billion yen (compared to 11.9 billion yen in the previous period), increasing the growth rate from 17.5% to 20.9%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the June to November period (second half) consolidated net income is expected to increase 21.5%, from the previous forecast of 1.85 billion yen to 2.25 billion yen (compared to 1.92 billion yen in the same period of the previous year), turning to a 17.2% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 98 yen to 100 yen (compared to 79 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Prev 32,067 4,017 2,996 1,859 19.2 49 Jul 7, 2025 IFRS
Jun - Nov, 2025 New 28,968 4,440 3,496 2,258 23.3 50 Nov 5, 2025 IFRS
Revision Rate -9.7% +10.5% +16.7% +21.5% +21.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 98,125 21,617 19,800 14,085 145.3 49 Jul 7, 2025 IFRS
Nov, 2025 New 95,026 22,040 20,300 14,484 149.4 50 Nov 5, 2025 IFRS
Revision Rate -3.2% +2.0% +2.5% +2.8% +2.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 24,573 3,587 2,992 1,927 19.9 39.50 Jan 10, 2025 IFRS
Jun - Nov, 2025 Guidance 28,968 4,440 3,496 2,258 23.3 50 Nov 5, 2025 IFRS
YoY +17.9% +23.8% +16.8% +17.2% +17.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 79,446 16,254 15,310 10,507 109.9 33 Jan 12, 2024 IFRS
Nov, 2024 82,191 18,488 17,364 11,985 123.7 39.50 Jan 10, 2025 IFRS
Nov, 2025 Guidance 95,026 22,040 20,300 14,484 149.4 50 Nov 5, 2025 IFRS
YoY +15.6% +19.2% +16.9% +20.9% +20.7%

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