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Toyo Seikan Group, First Half Ordinary Profit Increases by 81%

Fri Nov 7, 2025 4:00 pm JST Earnings

5901 Toyo Seikan Group Holdings, Ltd. 【J-GAAP】

Earnings Report

Toyo Seikan Group Holdings, Ltd. <5901> [TSE Prime] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 33.4 billion yen, an increase 81.4% compared to the same period last year, exceeded the previous forecast of 26.0 billion yen.

Progress toward the full-year plan of 48.0 billion yen was 69.6%, also surpassing the five-year average of 65.3%.

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 decrease 23.9% from the same period last year to 14.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 8.5 times that of the same period last year, reaching 16.5 billion yen. The operating profit margin significantly improved from 2.1% in the same period last year to 6.2%.

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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 471,961 14,916 20,642 14,821 82.0 53.3 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 464,325 18,312 18,418 12,319 71.7 49.0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 484,303 30,155 33,419 34,127 222.0 69.6 Nov 7, 2025 J-GAAP
YoY +4.3% +64.7% +81.4% +177.0% +209.5%

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 485,000 25,000 26,000 27,000 179.6 57 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 484,303 30,155 33,419 34,127 222.0 57 Nov 7, 2025 J-GAAP
Revision Rate -0.1% +20.6% +28.5% +26.4% +23.6%

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 458,191 15,892 19,148 10,075 60.3 46 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 475,697 14,845 14,581 11,873 79.0 57 Nov 7, 2025 J-GAAP
YoY +3.8% -6.6% -23.9% +17.8% +30.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 950,663 33,850 38,740 23,083 130.2 90 May 14, 2024 J-GAAP
Mar, 2025 922,516 34,204 37,566 22,394 134.1 91 May 14, 2025 J-GAAP
Mar, 2026 Guidance 960,000 45,000 48,000 46,000 305.9 114 May 14, 2025 J-GAAP
YoY +4.1% +31.6% +27.8% +105.4% +128.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 234,458 4,846 1,938 998 5.8 2.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 234,358 12,309 17,237 12,877 76.1 5.3 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 223,833 3,583 1,911 -2,802 -16.8 1.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 240,137 15,081 16,865 16,517 106.0 6.3 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 244,166 15,074 16,554 17,610 114.6 6.2 Nov 7, 2025 J-GAAP
YoY +4.1% +211.1% +754.2% +1,664.5% +1,871.8%

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