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TOA CORPORATION shares plunge on dividend cut forecast for fiscal 2027

Fri May 8, 2026 10:33 am JST Catalyst

TOA CORPORATION <6809> shares tumbled on Friday after the company reported full-year results and issued conservative guidance for the current fiscal year. For the fiscal year ended March 2026, consolidated sales rose 9.4% to 55,386 million yen, while operating profit jumped 29.7% to 4,656 million yen. Growth was driven by demand from government agencies and commercial facilities, alongside solid overseas performance.

For the fiscal year ending March 2027, TOA forecasts sales of 56,500 million yen (up 2.0%) and operating profit of 4,700 million yen (up 0.9%). The company projected a dividend of 85 yen, down from 90 yen the previous year. Analysts pointed to a significant slowdown after three consecutive years of double-digit profit growth, with the dividend cut further dampening sentiment and sparking profit-taking.

Additionally, TOA unveiled a medium-term management plan through fiscal 2029. The company aims to achieve sales of 60 billion yen and operating profit of 5,100 million yen in the final year.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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