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Titan Kogyo, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 41%, Dividend Revised Upward by 2 Yen
4098 Titan Kogyo, Ltd. 【J-GAAP】
Guidance Update ReportTitan Kogyo, Ltd. <4098> [TSE Std] announced a revision to its performance and dividend in the afternoon session on April 30th (15:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 41.2%, from the previous forecast of 170 million yen to 240 million yen (compared to 110 million yen in the previous period), increasing the growth rate from 54.5% to 2.2 times.
Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit is expected to increase 2.0 times, from the previous forecast of 67 million yen to 137 million yen (compared to 86 million yen in the same period of the previous year), turning to a 59.3% increase in the consolidated ordinary profit outlook.
In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the last fiscal year from the original plan of 10 yen to 12 yen (compared to 10 yen in the previous period).
Kabutan News
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 | 4,586 | 108 | 67 | 14 | 4.7 | 10 | Nov 14, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 3,986 | 158 | 137 | 114 | 38.3 | 12 | Apr 30, 2026 | J-GAAP |
| Revision Rate | -13.1% | +46.3% | +104.5% | +714.3% | +715.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 8,700 | 240 | 170 | 100 | 33.6 | 10 | May 14, 2025 | J-GAAP |
| Mar, 2026 New | 8,100 | 290 | 240 | 200 | 67.3 | 12 | Apr 30, 2026 | J-GAAP |
| Revision Rate | -6.9% | +20.8% | +41.2% | +100.0% | +100.1% |
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 | 4,002 | 115 | 86 | 6 | 2.0 | 10 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 3,986 | 158 | 137 | 114 | 38.3 | 12 | Apr 30, 2026 | J-GAAP |
| YoY | -0.4% | +37.4% | +59.3% | +1,800.0% | +1,797.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 7,953 | -726 | -667 | -1,680 | -566.6 | 10 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 7,794 | 165 | 110 | 200 | 67.5 | 10 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 8,100 | 290 | 240 | 200 | 67.3 | 12 | Apr 30, 2026 | J-GAAP |
| YoY | +3.9% | +75.8% | +118.2% | 0.0% | -0.3% |
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