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TODA, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 14% Increase

Thu Nov 13, 2025 11:30 am JST Earnings

1860 TODA CORPORATION 【J-GAAP】

Earnings Report

TODA CORPORATION <1860> [TSE Prime] announced its financial results at noon (11:30) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 15.3 billion yen, an increase 95.5% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 27.1%, from the previous forecast of 26.2 billion yen to 33.3 billion yen (compared to 29.0 billion yen in the previous period), turning to a 14.5% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.4% from the same period last year to 17.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 69.6% from the same period last year, reaching 9.13 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.6%.

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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 230,329 3,180 8,243 5,209 16.8 32.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 241,261 5,969 7,841 7,175 23.7 27.0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 288,901 12,935 15,332 12,770 42.6 46.0 Nov 13, 2025 J-GAAP
YoY +19.7% +116.7% +95.5% +78.0% +79.5%

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 ー ー ー ー － 20 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 288,901 12,935 15,332 12,770 42.6 20 Nov 13, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 640,000 24,000 26,200 21,000 70.0 40 May 15, 2025 J-GAAP
Mar, 2026 New 630,000 30,000 33,300 28,400 94.6 40 Nov 13, 2025 J-GAAP
Revision Rate -1.6% +25.0% +27.1% +35.2% +35.2%

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 345,400 20,669 21,247 18,010 59.8 15.50 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 341,099 17,065 17,968 15,630 52.1 20 Nov 13, 2025 J-GAAP
YoY -1.2% -17.4% -15.4% -13.2% -12.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 522,434 17,908 25,483 16,101 52.2 28 May 15, 2024 J-GAAP
Mar, 2025 586,661 26,638 29,088 25,185 83.6 30 May 15, 2025 J-GAAP
Mar, 2026 Guidance 630,000 30,000 33,300 28,400 94.6 40 Nov 13, 2025 J-GAAP
YoY +7.4% +12.6% +14.5% +12.8% +13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 129,473 6,076 5,386 3,458 11.4 4.7 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 139,491 6,079 6,716 6,882 22.8 4.4 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 205,909 14,590 14,531 11,128 36.9 7.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 131,339 4,059 6,196 3,541 11.8 3.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 157,562 8,876 9,136 9,229 30.8 5.6 Nov 13, 2025 J-GAAP
YoY +21.7% +46.1% +69.6% +166.9% +169.0%

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