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Titan Kogyo, First Half Ordinary Profit Increases by 4.3 times

Fri Nov 14, 2025 3:00 pm JST Earnings

4098 Titan Kogyo, Ltd. 【J-GAAP】

Earnings Report

Titan Kogyo, Ltd. <4098> [TSE Std] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 4.3 times that of the same period last year, reaching 103 million yen. Progress toward the full-year plan of 170 million yen was 60.6%, also surpassing the five-year average of 43.4%.

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 22.1% from the same period last year to 67 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 13 million yen, an 81.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.2% in the same period last year to 1.7%.

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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 3,546 -277 -277 -192 -64.8 ー Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,792 50 24 194 65.7 21.8 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,114 132 103 86 29.0 60.6 Nov 14, 2025 J-GAAP
YoY +8.5% +164.0% +329.2% -55.7% -55.9%

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 4,100 130 100 80 26.9 0 Oct 28, 2025 J-GAAP
Apr - Sep, 2025 Results 4,114 132 103 86 29.0 0 Nov 14, 2025 J-GAAP
Revision Rate +0.3% +1.5% +3.0% +7.5% +7.8%

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 4,002 115 86 6 2.0 10 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,586 108 67 14 4.7 10 Nov 14, 2025 J-GAAP
YoY +14.6% -6.1% -22.1% +133.3% +132.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,953 -726 -667 -1,680 -566.6 10 May 15, 2024 J-GAAP
Mar, 2025 7,794 165 110 200 67.5 10 May 14, 2025 J-GAAP
Mar, 2026 Guidance 8,700 240 170 100 33.6 10 May 14, 2025 J-GAAP
YoY +11.6% +45.5% +54.5% -50.0% -50.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,689 105 72 65 22.0 6.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,929 70 59 11 3.7 3.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,073 45 27 -5 -1.7 2.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 2,121 98 90 63 21.3 4.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,993 34 13 23 7.8 1.7 Nov 14, 2025 J-GAAP
YoY +18.0% -67.6% -81.9% -64.6% -64.8%

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