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TOYOTA INDUSTRIES, Net Income Forecast for the Fiscal Year Revised Upward by 6%

Tue Feb 3, 2026 11:40 am JST Earnings

6201 TOYOTA INDUSTRIES CORPORATION 【IFRS】

Earnings Report

TOYOTA INDUSTRIES CORPORATION <6201> [TSE Prime] announced its financial results (based on IFRS) at noon (11:40) on February 3rd. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 24.7% from the same period last year to 186 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 5.6%, from the previous forecast of 180 billion yen to 190 billion yen (compared to 262 billion yen in the previous period), and the declining rate is expected to decrease from 31.4% to 27.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 11.3%, from the previous forecast of 88.8 billion yen to 98.8 billion yen (compared to 114 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 22.6% to 13.9%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 95.8 billion yen, a 5.0% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 4.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 2,827,567 200,911 302,259 230,801 743.4 97.8 Feb 2, 2024 IFRS
Apr - Dec, 2024 3,022,727 180,953 312,668 248,382 808.1 89.0 Jan 31, 2025 IFRS
Apr - Dec, 2025 3,166,888 85,982 224,053 186,990 622.3 97.4 Feb 3, 2026 IFRS
YoY +4.8% -52.5% -28.3% -24.7% -23.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 1,941,320 62,474 122,863 88,883 295.8 0 Oct 31, 2025 IFRS
Oct - Mar, 2025 New 1,941,320 62,474 122,863 98,883 329.1 0 Feb 3, 2026 IFRS
Revision Rate 0.0% 0.0% 0.0% +11.3% +11.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,000,000 100,000 230,000 180,000 599.1 0 Oct 31, 2025 IFRS
Mar, 2026 New 4,000,000 100,000 230,000 190,000 632.3 0 Feb 3, 2026 IFRS
Revision Rate 0.0% 0.0% 0.0% +5.6% +5.6%

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 2,069,493 95,381 158,623 114,891 375.3 140 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 1,941,320 62,474 122,863 98,883 329.1 0 Feb 3, 2026 IFRS
YoY -6.2% -34.5% -22.5% -13.9% -12.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,833,205 200,404 309,190 228,778 736.9 240 Apr 26, 2024 IFRS
Mar, 2025 4,084,984 221,695 351,463 262,312 857.0 280 Apr 25, 2025 IFRS
Mar, 2026 Guidance 4,000,000 100,000 230,000 190,000 632.3 0 Feb 3, 2026 IFRS
YoY -2.1% -54.9% -34.6% -27.6% -26.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,007,236 54,639 119,828 100,961 328.5 5.4 Jan 31, 2025 IFRS
Jan - Mar, 2025 1,062,257 40,742 38,795 13,930 45.5 3.8 Apr 25, 2025 IFRS
Apr - Jun, 2025 990,539 52,400 121,094 102,452 340.9 5.3 Jul 31, 2025 IFRS
Jul - Sep, 2025 1,068,141 -14,874 -13,957 -11,335 -37.7 -1.4 Oct 31, 2025 IFRS
Oct - Dec, 2025 1,108,208 48,456 116,916 95,873 319.1 4.4 Feb 3, 2026 IFRS
YoY +10.0% -11.3% -2.4% -5.0% -2.9%

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