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TOYOBO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%
3101 TOYOBO CO.,LTD. 【J-GAAP】
Earnings ReportTOYOBO CO.,LTD. <3101> [TSE Prime] announced its financial results in the afternoon session on February 9th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.9 times that of the same period last year, reaching 15.8 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.4%, from the previous forecast of 17.5 billion yen to 19.5 billion yen (compared to 10.5 billion yen in the previous period), increasing the growth rate from 65.2% to 84.1%.
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) is expected to increase 26.9%, from the previous forecast of 7.44 billion yen to 9.44 billion yen (compared to 7.41 billion yen in the same period of the previous year), increasing the growth rate from 0.4% to 27.4%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.5 times that of the same period last year, reaching 5.77 billion yen. The operating profit margin significantly improved from 3.1% in the same period last year to 6.3%.
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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 | 307,323 | 4,992 | 2,395 | 1,573 | 17.9 | 34.4 | Feb 8, 2024 | J-GAAP |
| Apr - Dec, 2024 | 314,229 | 10,175 | 5,534 | 721 | 8.2 | 52.3 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 307,515 | 18,273 | 15,836 | 7,827 | 88.7 | 81.2 | Feb 9, 2026 | J-GAAP |
| YoY | -2.1% | +79.6% | +186.2% | +985.6% | +984.6% |
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 | 220,984 | 11,210 | 7,442 | 768 | 8.7 | 40 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 225,984 | 12,210 | 9,442 | 2,768 | 31.4 | 40 | Feb 9, 2026 | J-GAAP |
| Revision Rate | +2.3% | +8.9% | +26.9% | +260.4% | +260.6% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 425,000 | 23,000 | 17,500 | 6,500 | 73.7 | 40 | Nov 10, 2025 | J-GAAP |
| Mar, 2026 New | 430,000 | 24,000 | 19,500 | 8,500 | 96.3 | 40 | Feb 9, 2026 | J-GAAP |
| Revision Rate | +1.2% | +4.3% | +11.4% | +30.8% | +30.8% |
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 | 212,871 | 9,722 | 7,411 | 1,889 | 21.4 | 40 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 225,984 | 12,210 | 9,442 | 2,768 | 31.4 | 40 | Feb 9, 2026 | J-GAAP |
| YoY | +6.2% | +25.6% | +27.4% | +46.5% | +46.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 414,265 | 8,995 | 6,962 | 2,455 | 27.9 | 40 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 422,032 | 16,653 | 10,591 | 2,003 | 22.7 | 40 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 430,000 | 24,000 | 19,500 | 8,500 | 96.3 | 40 | Feb 9, 2026 | J-GAAP |
| YoY | +1.9% | +44.1% | +84.1% | +324.4% | +323.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 105,068 | 3,244 | 2,354 | 607 | 6.9 | 3.1 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 107,803 | 6,478 | 5,057 | 1,282 | 14.6 | 6.0 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 102,910 | 5,566 | 4,267 | 1,573 | 17.8 | 5.4 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 101,106 | 6,224 | 5,791 | 4,159 | 47.2 | 6.2 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 103,499 | 6,483 | 5,778 | 2,095 | 23.8 | 6.3 | Feb 9, 2026 | J-GAAP |
| YoY | -1.5% | +99.8% | +145.5% | +245.1% | +244.7% |
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