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TOYO ELECTRIC, First Half Ordinary Profit Decreases by 20%, Jul-Sep Ordinary Profit Decreases by 44%

Mon Nov 10, 2025 4:40 pm JST Earnings

6655 TOYO ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

TOYO ELECTRIC CORPORATION <6655> [NSE Main] announced its financial results after the market closed on November 10th (16:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 20.2% from the same period last year to 83 million yen. Progress toward the full-year plan of 338 million yen was 24.6%, also falling below the five-year average of 35.3%.

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 4.5% from the same period last year, reaching 255 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 46 million yen, a 43.9% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.4%.

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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 4,210 153 211 239 56.0 48.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 4,487 59 104 105 25.3 29.9 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 3,755 27 83 53 12.8 24.6 Nov 10, 2025 J-GAAP
YoY -16.3% -54.2% -20.2% -49.5% -49.4%

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 4,138 -17 24 15 3.5 10 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 3,755 27 83 53 12.8 10 Nov 10, 2025 J-GAAP
Revision Rate -9.3% － +245.8% +253.3% +260.7%

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 4,861 233 244 176 42.0 12 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,495 294 255 182 42.9 10 Nov 10, 2025 J-GAAP
YoY +13.0% +26.2% +4.5% +3.4% +2.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,829 379 434 452 106.3 25 May 10, 2024 J-GAAP
Mar, 2025 9,348 292 348 281 67.1 22 May 12, 2025 J-GAAP
Mar, 2026 Guidance 9,250 321 338 235 55.4 20 May 12, 2025 J-GAAP
YoY -1.0% +9.9% -2.9% -16.4% -17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,561 81 82 58 14.0 3.2 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,441 56 115 65 15.5 2.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 2,420 177 129 111 26.5 7.3 May 12, 2025 J-GAAP
Apr - Jun, 2025 1,861 -19 37 29 7.0 -1.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 1,894 46 46 24 5.8 2.4 Nov 10, 2025 J-GAAP
YoY -26.0% -43.2% -43.9% -58.6% -58.6%

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