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Toyo Logistics, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 0.3％ Increase

Mon Feb 9, 2026 3:00 pm JST Earnings

9306 Toyo Logistics Co.,Ltd. 【J-GAAP】

Earnings Report

Toyo Logistics Co.,Ltd. <9306> [TSE Std] announced its financial results in the afternoon session on February 9th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 7.6% from the same period last year, reaching 1.33 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 15.4%, from the previous forecast of 1.30 billion yen to 1.50 billion yen (compared to 1.49 billion yen in the previous period), turning to a 0.3% increase in the consolidated net income outlook.

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 49.9%, from the previous forecast of 0.40 billion yen to 0.60 billion yen (compared to 0.80 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 49.9% to 25.0%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 0.43 billion yen, a 20.4% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 4.8%.

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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 21,113 982 1,470 1,160 153.7 80.8 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 22,077 1,013 1,535 1,237 163.6 82.7 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 22,677 1,040 1,458 1,331 176.8 83.3 Feb 9, 2026 J-GAAP
YoY +2.7% +2.7% -5.0% +7.6% +8.1%

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 14,565 585 822 401 53.4 40 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 14,565 585 822 601 80.1 40 Feb 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +49.9% +49.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 29,500 1,250 1,750 1,300 173.2 70 May 12, 2025 J-GAAP
Mar, 2026 New 29,500 1,250 1,750 1,500 199.8 70 Feb 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +15.4% +15.4%

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 14,737 648 935 801 105.9 30 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,565 585 822 601 80.1 40 Feb 9, 2026 J-GAAP
YoY -1.2% -9.7% -12.1% -25.0% -24.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 27,875 1,129 1,820 1,369 181.4 55 May 10, 2024 J-GAAP
Mar, 2025 29,186 1,241 1,857 1,495 197.7 60 May 12, 2025 J-GAAP
Mar, 2026 Guidance 29,500 1,250 1,750 1,500 199.8 70 Feb 9, 2026 J-GAAP
YoY +1.1% +0.7% -5.8% +0.3% +1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 7,628 420 613 543 71.8 5.5 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 7,109 228 322 258 34.1 3.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 7,364 355 535 560 74.0 4.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 7,571 310 393 339 45.0 4.1 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 7,742 375 530 432 57.4 4.8 Feb 9, 2026 J-GAAP
YoY +1.5% -10.7% -13.5% -20.4% -20.1%

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