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TOYO WHARF & WAREHOUSE, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Dividend Revised Upward by 10 Yen

Wed Feb 4, 2026 4:00 pm JST Earnings

9351 TOYO WHARF & WAREHOUSE CO.,LTD. 【J-GAAP】

Earnings Report

TOYO WHARF & WAREHOUSE CO.,LTD. <9351> [TSE Std] announced its financial results after the market closed on February 4th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 1.67 billion yen, an increase 67.6% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 1.50 billion yen to 1.70 billion yen (compared to 1.38 billion yen in the previous period), increasing the growth rate from 8.4% to 22.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 41.1%, from the previous forecast of 0.48 billion yen to 0.68 billion yen (compared to 0.75 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.7% to 9.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 70 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 77.8% from the same period last year, reaching 0.66 billion yen. The operating profit margin improved from 2.9% in the same period last year to 4.9%.

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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 26,295 893 1,020 651 87.3 88.5 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 26,399 747 1,001 777 104.9 72.3 Feb 4, 2025 J-GAAP
Apr - Dec, 2025 29,103 1,293 1,678 1,100 150.6 98.7 Feb 4, 2026 J-GAAP
YoY +10.2% +73.1% +67.6% +41.6% +43.6%

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 19,428 519 487 328 45.4 30 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 19,428 619 687 628 86.9 40 Feb 4, 2026 J-GAAP
Revision Rate 0.0% +19.3% +41.1% +91.5% +91.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 38,000 1,300 1,500 1,000 138.3 60 May 15, 2025 J-GAAP
Mar, 2026 New 38,000 1,400 1,700 1,300 179.8 70 Feb 4, 2026 J-GAAP
Revision Rate 0.0% +7.7% +13.3% +30.0% +30.0%

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 17,563 661 757 656 88.6 35 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 19,428 619 687 628 86.9 40 Feb 4, 2026 J-GAAP
YoY +10.6% -6.4% -9.2% -4.3% -1.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 34,697 978 1,152 980 131.6 55 May 14, 2024 J-GAAP
Mar, 2025 35,100 1,155 1,384 1,124 151.8 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 38,000 1,400 1,700 1,300 179.8 70 Feb 4, 2026 J-GAAP
YoY +8.3% +21.2% +22.8% +15.7% +18.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 8,862 253 374 309 41.7 2.9 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 8,701 408 383 347 46.9 4.7 May 15, 2025 J-GAAP
Apr - Jun, 2025 9,417 452 649 411 56.1 4.8 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 9,155 329 364 261 35.6 3.6 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 10,531 512 665 428 58.6 4.9 Feb 4, 2026 J-GAAP
YoY +18.8% +102.4% +77.8% +38.5% +40.5%

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