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TOYO KANETSU, First Half Ordinary Profit Unexpectedly Revised Upward by 21%, Revises Dividend Forecast in Conjunction with Stock Split

Thu Nov 13, 2025 4:30 pm JST Earnings

6369 TOYO KANETSU K.K. 【J-GAAP】

Earnings Report

TOYO KANETSU K.K. <6369> [TSE Prime] announced its financial results after the market closed on November 13th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 20.8% from the same period last year, reaching 2.46 billion yen, resulting in an increase in profits compared to the previous forecast of an 18.1% decrease.

Progress toward the full-year plan of 3.80 billion yen was 64.8%, also surpassing the five-year average of 41.6%.

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 drop 43.4% from the same period last year to 1.33 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for December 31, the annual dividend for the current fiscal year has been revised from the original plan of 200 yen to 150 yen (equivalent to 200 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 1.27 billion yen. The operating profit margin significantly improved from 4.2% in the same period last year to 8.4%.

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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 23,140 551 877 402 51.2 24.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 28,475 1,917 2,038 1,616 209.6 46.3 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 27,480 2,307 2,461 1,653 213.2 64.8 Nov 13, 2025 J-GAAP
YoY -3.5% +20.3% +20.8% +2.3% +1.7%

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 28,400 1,650 1,670 1,100 142.2 100 Sep 24, 2025 J-GAAP
Apr - Sep, 2025 Results 27,480 2,307 2,461 1,653 213.2 100 Nov 13, 2025 J-GAAP
Revision Rate -3.2% +39.8% +47.4% +50.3% +50.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 62,000 3,700 3,800 2,500 320.8 200 May 14, 2025 J-GAAP
Mar, 2026 New 62,000 3,700 3,800 2,500 320.8 200 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 31,999 2,214 2,365 2,022 262.1 186 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,520 1,393 1,339 847 108.7 100 Nov 13, 2025 J-GAAP
YoY +7.9% -37.1% -43.4% -58.1% -58.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 53,787 3,090 3,579 3,554 456.1 229 May 14, 2024 J-GAAP
Mar, 2025 60,474 4,131 4,403 3,638 471.6 236 May 14, 2025 J-GAAP
Mar, 2026 Guidance 62,000 3,700 3,800 2,500 320.8 200 Nov 13, 2025 J-GAAP
YoY +2.5% -10.4% -13.7% -31.3% -32.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,479 615 592 667 86.5 4.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 14,333 571 656 447 58.0 4.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 17,666 1,643 1,709 1,575 204.2 9.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 12,675 1,060 1,186 831 107.5 8.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 14,805 1,247 1,275 822 106.0 8.4 Nov 13, 2025 J-GAAP
YoY +2.3% +102.8% +115.4% +23.2% +22.6%

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