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TORAY INDUSTRIES, First Half Net Income Decreases by 33%, Jul-Sep Net Income Decreases by 31%

Fri Nov 14, 2025 1:00 pm JST Earnings

3402 TORAY INDUSTRIES,INC. 【IFRS】

Earnings Report

TORAY INDUSTRIES,INC. <3402> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 14th (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 33.5% from the same period last year to 36.9 billion yen. Progress toward the full-year plan of 82.0 billion yen was 45.0%, also falling below the five-year average of 73.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge 2.0 times that of the same period last year, reaching 45.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 19.7 billion yen, a 31.0% decrease compared to the same period last year. The operating profit margin worsened from 6.3% in the same period last year to 5.8%.

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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 1,199,376 44,445 48,979 28,867 18.0 82.2 Nov 8, 2023 IFRS
Apr - Sep, 2024 1,294,108 79,512 77,759 55,524 34.7 68.0 Nov 7, 2024 IFRS
Apr - Sep, 2025 1,234,310 64,299 58,161 36,935 24.2 ー Nov 14, 2025 IFRS
YoY -4.6% -19.1% -25.2% -33.5% -30.1%

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 1,280,000 ー ー 35,000 23.2 10 May 14, 2025 IFRS
Apr - Sep, 2025 Results 1,234,310 64,299 58,161 36,935 24.2 10 Nov 14, 2025 IFRS
Revision Rate -3.6% － － +5.5% +4.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,670,000 ー ー 82,000 54.9 20 May 14, 2025 IFRS
Mar, 2026 New 2,630,000 ー ー 82,000 54.9 20 Nov 14, 2025 IFRS
Revision Rate -1.5% － － 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 1,269,172 47,941 36,529 22,387 14.1 9 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 1,395,690 ー ー 45,065 30.2 10 Nov 14, 2025 IFRS
YoY +10.0% － － +101.3% +114.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,464,596 57,651 59,567 21,897 13.7 18 May 13, 2024 IFRS
Mar, 2025 2,563,280 127,453 114,288 77,911 48.9 18 May 14, 2025 IFRS
Mar, 2026 Guidance 2,630,000 ー ー 82,000 54.9 20 Nov 14, 2025 IFRS
YoY +2.6% － － +5.2% +12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 656,382 41,437 35,956 28,665 17.9 6.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 629,789 24,304 29,888 19,653 12.3 3.9 Feb 12, 2025 IFRS
Jan - Mar, 2025 639,383 23,637 6,641 2,734 1.7 3.7 May 14, 2025 IFRS
Apr - Jun, 2025 595,829 27,506 28,238 17,151 11.2 4.6 Aug 8, 2025 IFRS
Jul - Sep, 2025 638,481 36,793 29,923 19,784 13.0 5.8 Nov 14, 2025 IFRS
YoY -2.7% -11.2% -16.8% -31.0% -27.4%

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