kabutan

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 Results

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

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 66,058 17,600 16,804 12,226 126.1 0 Jul 7, 2025 IFRS
Dec - May, 2025 Guidance ー ー ー ー － 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 82,191 18,488 17,364 11,985 123.7 39.50 Jan 10, 2025 IFRS
Nov, 2025 94,688 22,336 20,631 14,754 152.2 50 Jan 14, 2026 IFRS
Nov, 2026 Guidance 122,986 24,611 22,000 15,157 156.3 55 Jan 14, 2026 IFRS
YoY +29.9% +10.2% +6.6% +2.7% +2.7%

Quarterly Results

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

Related Articles