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TORAY INDUSTRIES, Apr-Dec (Cumulative 3Q) Net Income Decreases by 47%, Oct-Dec Net Income Decreases by 84%

Tue Feb 10, 2026 1:00 pm JST Earnings

3402 TORAY INDUSTRIES,INC. 【IFRS】

Earnings Report

TORAY INDUSTRIES,INC. <3402> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 10th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 46.6% from the same period last year to 40.1 billion yen. Progress toward the full-year plan of 82.0 billion yen was 49.0%, also falling below the five-year average of 114.9%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to surge 15 times that of the same period last year, reaching 41.8 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 3.22 billion yen, an 83.6% decrease compared to the same period last year. The operating profit margin worsened from 3.9% in the same period last year to 1.0%.

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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 1,829,408 71,369 76,302 45,659 28.5 128.1 Feb 8, 2024 IFRS
Apr - Dec, 2024 1,923,897 103,816 107,647 75,177 47.0 94.2 Feb 12, 2025 IFRS
Apr - Dec, 2025 1,919,493 71,039 74,663 40,164 26.5 ー Feb 10, 2026 IFRS
YoY -0.2% -31.6% -30.6% -46.6% -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 1,395,690 ー ー 45,065 30.6 10 Nov 14, 2025 IFRS
Oct - Mar, 2025 New 1,365,690 ー ー 45,065 30.6 10 Feb 10, 2026 IFRS
Revision Rate -2.1% － － 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,630,000 ー ー 82,000 55.7 20 Nov 14, 2025 IFRS
Mar, 2026 New 2,600,000 ー ー 82,000 55.7 20 Feb 10, 2026 IFRS
Revision Rate -1.1% － － 0.0% 0.0%

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 1,269,172 47,941 36,529 22,387 14.1 9 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 1,365,690 ー ー 45,065 30.6 10 Feb 10, 2026 IFRS
YoY +7.6% － － +101.3% +117.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,464,596 57,651 59,567 21,897 13.7 18 May 13, 2024 IFRS
Mar, 2025 2,563,280 127,453 114,288 77,911 48.9 18 May 14, 2025 IFRS
Mar, 2026 Guidance 2,600,000 ー ー 82,000 55.7 20 Feb 10, 2026 IFRS
YoY +1.4% － － +5.2% +13.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 629,789 24,304 29,888 19,653 12.3 3.9 Feb 12, 2025 IFRS
Jan - Mar, 2025 639,383 23,637 6,641 2,734 1.7 3.7 May 14, 2025 IFRS
Apr - Jun, 2025 595,829 27,506 28,238 17,151 11.2 4.6 Aug 8, 2025 IFRS
Jul - Sep, 2025 638,481 36,793 29,923 19,784 13.0 5.8 Nov 14, 2025 IFRS
Oct - Dec, 2025 685,183 6,740 16,502 3,229 2.1 1.0 Feb 10, 2026 IFRS
YoY +8.8% -72.3% -44.8% -83.6% -82.7%

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