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Toyo Gosei, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 13%

Fri Nov 7, 2025 3:30 pm JST Earnings

4970 Toyo Gosei Co.,Ltd. 【J-GAAP】

Earnings Report

Toyo Gosei Co.,Ltd. <4970> [TSE Std] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 59.7% from the same period last year to 0.83 billion yen, fell short of the previous forecast of 1.20 billion yen.

In addition, the full-year forecast for ordinary profit has decreased 13.3%, from the previous forecast of 3.00 billion yen to 2.60 billion yen (compared to 3.99 billion yen in the previous period), leading to an increase in the profit decline rate from 24.9% to 35.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease 8.7% from the same period last year to 1.76 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 0.53 billion yen, a 15.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.2% in the same period last year to 5.3%.

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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 15,055 1,297 1,354 917 115.5 39.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 18,743 2,178 2,060 1,391 175.3 51.5 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 19,349 937 831 570 71.8 32.0 Nov 7, 2025 J-GAAP
YoY +3.2% -57.0% -59.7% -59.0% -59.0%

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 19,500 1,300 1,200 800 100.8 20 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 19,349 937 831 570 71.8 20 Nov 7, 2025 J-GAAP
Revision Rate -0.8% -27.9% -30.8% -28.7% -28.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 41,500 3,200 3,000 2,300 289.8 40 May 9, 2025 J-GAAP
Mar, 2026 New 41,500 2,800 2,600 2,000 252.0 40 Nov 7, 2025 J-GAAP
Revision Rate 0.0% -12.5% -13.3% -13.0% -13.0%

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 19,922 1,925 1,937 1,888 237.9 25 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 22,151 1,863 1,769 1,430 180.2 20 Nov 7, 2025 J-GAAP
YoY +11.2% -3.2% -8.7% -24.3% -24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 31,956 3,512 3,393 2,396 302.0 40 May 10, 2024 J-GAAP
Mar, 2025 38,665 4,103 3,997 3,279 413.2 45 May 9, 2025 J-GAAP
Mar, 2026 Guidance 41,500 2,800 2,600 2,000 252.0 40 Nov 7, 2025 J-GAAP
YoY +7.3% -31.8% -35.0% -39.0% -39.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,527 876 636 423 53.3 9.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,330 889 1,043 696 87.7 8.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 9,592 1,036 894 1,192 150.2 10.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 9,128 397 293 201 25.4 4.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 10,221 540 538 369 46.5 5.3 Nov 7, 2025 J-GAAP
YoY +7.3% -38.4% -15.4% -12.8% -12.8%

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