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TOYO DRILUBE, First Half Ordinary Profit Decreases by 17%
4976 TOYO DRILUBE CO.,LTD 【J-GAAP】
Earnings ReportTOYO DRILUBE CO.,LTD <4976> [TSE Std] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2026 (July to December) decreased 17.4% from the same period last year to 428 million yen. However, Progress toward the full-year plan of 821 million yen was 52.1%, also surpassing the five-year average of 48.6%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (second half) is expected to decrease 14.2% from the same period last year to 393 million yen.
In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 205 million yen, a 22.6% decrease compared to the same period last year. The operating profit margin significantly dropped from 16.5% in the same period last year to 11.5%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2023 | 2,354 | 375 | 416 | 315 | 79.6 | 51.5 | Feb 14, 2024 | J-GAAP |
| Jul - Dec, 2024 | 2,566 | 421 | 518 | 358 | 90.4 | 53.1 | Feb 14, 2025 | J-GAAP |
| Jul - Dec, 2025 | 2,668 | 339 | 428 | 287 | 72.4 | 52.1 | Feb 13, 2026 | J-GAAP |
| YoY | +4.0% | -19.5% | -17.4% | -19.8% | -19.9% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Guidance | 2,623 | 342 | 430 | 305 | 76.8 | 16.67 | Aug 8, 2025 | J-GAAP |
| Jul - Dec, 2025 Results | 2,668 | 339 | 428 | 287 | 72.4 | 16.67 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +1.7% | -0.9% | -0.5% | -5.9% | -5.7% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 2,628 | 359 | 458 | 344 | 86.7 | 20 | Aug 8, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 2,532 | 283 | 393 | 313 | 78.8 | 16.70 | Feb 13, 2026 | J-GAAP |
| YoY | -3.7% | -21.2% | -14.2% | -9.0% | -9.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun, 2024 | 4,699 | 654 | 807 | 617 | 155.4 | 19 | Aug 9, 2024 | J-GAAP |
| Jun, 2025 | 5,194 | 780 | 976 | 702 | 177.0 | 32 | Aug 8, 2025 | J-GAAP |
| Jun, 2026 Guidance | 5,200 | 622 | 821 | 600 | 151.1 | 33.37 | Nov 14, 2025 | J-GAAP |
| YoY | +0.1% | -20.3% | -15.9% | -14.5% | -14.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 1,311 | 216 | 265 | 204 | 51.5 | 16.5 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,306 | 190 | 232 | 164 | 41.3 | 14.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,322 | 169 | 226 | 180 | 45.4 | 12.8 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 1,323 | 184 | 223 | 113 | 28.6 | 13.9 | Nov 14, 2025 | J-GAAP |
| Oct - Dec, 2025 | 1,345 | 155 | 205 | 174 | 43.9 | 11.5 | Feb 13, 2026 | J-GAAP |
| YoY | +2.6% | -28.2% | -22.6% | -14.7% | -14.8% |
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