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TRINITY INDUSTRIAL, 24% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend
6382 TRINITY INDUSTRIAL CORPORATION 【J-GAAP】
Earnings ReportTRINITY INDUSTRIAL CORPORATION <6382> [TSE Std] announced its financial results in the afternoon session on April 27th (15:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 5.9% from the previous period to 3.72 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 23.6% from the previous period to 2.85 billion yen.
At the same time, the company increased the annual dividend for the previous term from 58 yen to 67 yen (compared to 60 yen in the prior term), and has decided to reduce the dividend this fiscal year to 61 yen, a decrease of 6 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 4.3% from the same period last year, reaching 0.97 billion yen. However, the operating profit margin worsened from 9.8% in the same period last year to 8.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 36,992 | 2,795 | 3,007 | 2,058 | 128.0 | 40 | Apr 24, 2024 | J-GAAP |
| Mar, 2025 | 40,217 | 3,245 | 3,521 | 2,403 | 149.2 | 60 | Apr 25, 2025 | J-GAAP |
| Mar, 2026 | 38,960 | 3,190 | 3,728 | 2,688 | 166.7 | 67 | Apr 27, 2026 | J-GAAP |
| YoY | -3.1% | -1.7% | +5.9% | +11.9% | +11.7% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 39,000 | 2,700 | 3,300 | 2,300 | 142.5 | 58 | Jan 29, 2026 | J-GAAP |
| Mar, 2026 Results | 38,960 | 3,190 | 3,728 | 2,688 | 166.7 | 67 | Apr 27, 2026 | J-GAAP |
| Revision Rate | -0.1% | +18.1% | +13.0% | +16.9% | +17.0% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 18,928 | 1,467 | 1,816 | 1,128 | 70.0 | 26 | Oct 31, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 19,000 | 500 | 650 | 100 | 6.2 | 30 | Apr 27, 2026 | J-GAAP |
| YoY | +0.4% | -65.9% | -64.2% | -91.1% | -91.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 40,217 | 3,245 | 3,521 | 2,403 | 149.2 | 60 | Apr 25, 2025 | J-GAAP |
| Mar, 2026 | 38,960 | 3,190 | 3,728 | 2,688 | 166.7 | 67 | Apr 27, 2026 | J-GAAP |
| Mar, 2027 Guidance | 40,000 | 2,000 | 2,850 | 1,950 | 120.8 | 61 | Apr 27, 2026 | J-GAAP |
| YoY | +2.7% | -37.3% | -23.6% | -27.5% | -27.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 12,098 | 1,189 | 935 | 677 | 42.0 | 9.8 | Apr 25, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,882 | 633 | 809 | 462 | 28.7 | 7.1 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,046 | 834 | 1,007 | 666 | 41.3 | 8.3 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 9,006 | 758 | 937 | 695 | 43.1 | 8.4 | Jan 29, 2026 | J-GAAP |
| Jan - Mar, 2026 | 11,026 | 965 | 975 | 865 | 53.7 | 8.8 | Apr 27, 2026 | J-GAAP |
| YoY | -8.9% | -18.8% | +4.3% | +27.8% | +27.6% |
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