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TOSEI, 3% Increase in Net Income, Update Record High for Fifth Consecutive Term, Dividend Effectively Increased

Wed Jan 14, 2026 2:30 pm JST Earnings

8923 TOSEI CORPORATION 【IFRS】

Earnings Report

TOSEI CORPORATION <8923> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 14th (14:30). The consolidated net income for the fiscal year ended November 2025 increased by 23.1% from the previous period to 14.7 billion yen. For the fiscal year ending November 2026, the consolidated net income is expected to grow by 2.7% to 15.1 billion yen, marking the fifth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the sixth consecutive term of profit growth.

At the same time, the annual dividend for this fiscal year is 55 yen, taking into account the forward stock split scheduled to be allocated on November 30, this dividend represents an actual increase of 10.0%.

In the most recent three-month period, from September to November (4Q), the consolidated net income decreased to 0.70 billion yen, a 5.6% decrease compared to the same period last year. However, the operating profit margin rose from 11.2% in the same period last year to 14.3%.

Kabutan News

Actual Performance and Financial Trends

Historical Performance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2023
79,446M 16,254M 15,310M 10,507M 109.9 33 Jan 12, 2024 IFRS
Nov, 2024
82,191M 18,488M 17,364M 11,985M 123.7 39.50 Jan 10, 2025 IFRS
Nov, 2025
94,688M 22,336M 20,631M 14,754M 152.2 50 Jan 14, 2026 IFRS
YoY +15.2% +20.8% +18.8% +23.1% +23.0%
Full Year Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2025 Guidance 95,026M 22,040M 20,300M 14,484M 149.4 50 Nov 5, 2025 IFRS
Nov, 2025 Results 94,688M 22,336M 20,631M 14,754M 152.2 50 Jan 14, 2026 IFRS
Revision Rate -0.4% +1.3% +1.6% +1.9% +1.9%

Current Period Guidance

First Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Dec - May, 2024
66,058M 17,600M 16,804M 12,226M 126.1 0 Jul 7, 2025 IFRS
Guidance
Dec - May, 2025
0 Jan 14, 2026 IFRS
YoY
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Nov, 2024
82,191M 18,488M 17,364M 11,985M 123.7 39.50 Jan 10, 2025 IFRS
Nov, 2025
94,688M 22,336M 20,631M 14,754M 152.2 50 Jan 14, 2026 IFRS
Guidance
Nov, 2026
122,986M 24,611M 22,000M 15,157M 156.0 55 Jan 14, 2026 IFRS
YoY +29.9% +10.2% +6.6% +2.7% +2.5%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Sep - Nov, 2024
12,772M 1,433M 1,274M 751M 7.8 11.2% Jan 10, 2025 IFRS
Dec - Feb, 2024
46,066M 12,322M 11,830M 8,176M 84.4 26.7% Apr 7, 2025 IFRS
Mar - May, 2025
19,992M 5,278M 4,974M 4,050M 41.8 26.4% Jul 7, 2025 IFRS
Jun - Aug, 2025
17,903M 3,198M 2,633M 1,819M 18.8 17.9% Oct 6, 2025 IFRS
Sep - Nov, 2025
10,727M 1,538M 1,194M 709M 7.3 14.3% Jan 14, 2026 IFRS
YoY -16.0% +7.3% -6.3% -5.6% -5.5%