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TOSOH, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 9%
4042 TOSOH CORPORATION 【J-GAAP】
Earnings ReportTOSOH CORPORATION <4042> [TSE Prime] announced its financial results in the afternoon session on February 5th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 6.7% from the same period last year to 76.9 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 8.7%, from the previous forecast of 103 billion yen to 94.0 billion yen (compared to 103 billion yen in the previous period), leading to an increase in the profit decline rate from 0.005% to 8.7%.
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 15.7%, from the previous forecast of 57.2 billion yen to 48.2 billion yen (compared to 57.8 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 1.1% to 16.6%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 31.2 billion yen, a 16.6% decrease compared to the same period last year. The operating profit margin decreased from 10.2% in the same period last year to 9.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 747,889 | 59,551 | 68,672 | 41,367 | 130.0 | 71.6 | Feb 5, 2024 | J-GAAP |
| Apr - Dec, 2024 | 795,696 | 74,600 | 82,545 | 48,525 | 152.4 | 80.1 | Feb 6, 2025 | J-GAAP |
| Apr - Dec, 2025 | 756,078 | 69,894 | 76,979 | 24,629 | 77.9 | 81.9 | Feb 5, 2026 | J-GAAP |
| YoY | -5.0% | -6.3% | -6.7% | -49.2% | -48.8% |
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 | 520,861 | 58,258 | 57,259 | 30,623 | 99.0 | 50 | Nov 4, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 510,861 | 45,258 | 48,259 | 22,623 | 73.1 | 50 | Feb 5, 2026 | J-GAAP |
| Revision Rate | -1.9% | -22.3% | -15.7% | -26.1% | -26.1% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 1,020,000 | 103,000 | 103,000 | 38,000 | 122.8 | 100 | Nov 4, 2025 | J-GAAP |
| Mar, 2026 New | 1,010,000 | 90,000 | 94,000 | 30,000 | 96.9 | 100 | Feb 5, 2026 | J-GAAP |
| Revision Rate | -1.0% | -12.6% | -8.7% | -21.1% | -21.1% |
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 | 535,759 | 51,519 | 57,899 | 33,061 | 103.8 | 50 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 510,861 | 45,258 | 48,259 | 22,623 | 73.1 | 50 | Feb 5, 2026 | J-GAAP |
| YoY | -4.6% | -12.2% | -16.6% | -31.6% | -29.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,005,640 | 79,845 | 95,920 | 57,324 | 180.1 | 85 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 1,063,382 | 98,906 | 103,005 | 58,002 | 182.1 | 100 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,010,000 | 90,000 | 94,000 | 30,000 | 96.9 | 100 | Feb 5, 2026 | J-GAAP |
| YoY | -5.0% | -9.0% | -8.7% | -48.3% | -46.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 268,073 | 27,213 | 37,439 | 23,584 | 74.1 | 10.2 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 267,686 | 24,306 | 20,460 | 9,477 | 29.8 | 9.1 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 245,128 | 16,078 | 14,082 | 6,529 | 20.5 | 6.6 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 254,011 | 28,664 | 31,659 | 848 | 2.7 | 11.3 | Nov 4, 2025 | J-GAAP |
| Oct - Dec, 2025 | 256,939 | 25,152 | 31,238 | 17,252 | 54.6 | 9.8 | Feb 5, 2026 | J-GAAP |
| YoY | -4.2% | -7.6% | -16.6% | -26.8% | -26.3% |
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