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TOA ROAD, Jul-Sep (2Q) Ordinary Profit Decreases by 15%

Fri Nov 7, 2025 2:30 pm JST Earnings

1882 TOA ROAD CORPORATION 【J-GAAP】

Earnings Report

TOA ROAD CORPORATION <1882> [TSE Prime] announced its financial results in the afternoon session on November 7th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 0.55 billion yen, an increase 72.0% compared to the same period last year. However, Progress toward the full-year plan of 6.60 billion yen was 8.4%, almost the same as the five-year average of 10.8%.

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 23.8% from the same period last year, reaching 6.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.85 billion yen, a 15.4% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.8%.

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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 50,824 629 796 487 10.2 13.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 53,881 177 321 602 13.0 6.2 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 51,459 406 552 469 10.2 8.4 Nov 7, 2025 J-GAAP
YoY -4.5% +129.4% +72.0% -22.1% -21.9%

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 52,000 900 960 550 11.9 45 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 51,459 406 552 469 10.2 45 Nov 7, 2025 J-GAAP
Revision Rate -1.0% -54.9% -42.5% -14.7% -14.4%

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 72,694 4,838 4,885 3,525 76.2 90 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 75,541 6,094 6,048 3,631 78.6 45 Nov 7, 2025 J-GAAP
YoY +3.9% +26.0% +23.8% +3.0% +3.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 118,060 5,473 5,707 3,793 79.9 42 May 10, 2024 J-GAAP
Mar, 2025 126,575 5,015 5,206 4,127 89.2 90 May 9, 2025 J-GAAP
Mar, 2026 Guidance 127,000 6,500 6,600 4,100 88.7 90 May 9, 2025 J-GAAP
YoY +0.3% +29.6% +26.8% -0.7% -0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 30,581 980 1,012 1,041 22.6 3.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 36,660 2,832 2,896 2,211 47.8 7.7 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 36,034 2,006 1,989 1,314 28.4 5.6 May 9, 2025 J-GAAP
Apr - Jun, 2025 23,267 -383 -304 -110 -2.4 -1.6 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 28,192 789 856 579 12.6 2.8 Nov 7, 2025 J-GAAP
YoY -7.8% -19.5% -15.4% -44.4% -44.2%

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