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TOA, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 5% Increase, Raises Record High Profit, Dividend Revised Upward by 1 Yen

Tue Nov 11, 2025 4:00 pm JST Earnings

1885 TOA CORPORATION 【J-GAAP】

Earnings Report

TOA CORPORATION <1885> [TSE Prime] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 20.2% from the same period last year, reaching 11.0 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 20.0%, from the previous forecast of 17.5 billion yen to 21.0 billion yen (compared to 20.0 billion yen in the previous period), record profits reach three consecutive terms, turning to a 4.6% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 8.5% from the same period last year to 9.97 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 76 yen to 77 yen (compared to 76 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.99 billion yen, a 16.9% decrease compared to the same period last year. The operating profit margin worsened from 9.9% in the same period last year to 7.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 130,185 7,482 7,176 4,497 53.2 43.2 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 149,819 9,432 9,169 6,667 84.1 45.7 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 164,829 11,139 11,025 7,665 97.6 52.5 Nov 11, 2025 J-GAAP
YoY +10.0% +18.1% +20.2% +15.0% +16.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 38 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 164,829 11,139 11,025 7,665 97.6 38 Nov 11, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 335,000 18,000 17,500 12,500 161.9 76 May 13, 2025 J-GAAP
Mar, 2026 New 342,000 21,500 21,000 15,000 194.3 77 Nov 11, 2025 J-GAAP
Revision Rate +2.1% +19.4% +20.0% +20.0% +20.0%

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 180,653 11,189 10,904 8,241 103.9 76 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 177,171 10,361 9,975 7,335 95.0 39 Nov 11, 2025 J-GAAP
YoY -1.9% -7.4% -8.5% -11.0% -8.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 283,852 17,231 16,630 10,517 127.7 40 May 13, 2024 J-GAAP
Mar, 2025 330,472 20,621 20,073 14,908 187.9 76 May 13, 2025 J-GAAP
Mar, 2026 Guidance 342,000 21,500 21,000 15,000 194.3 77 Nov 11, 2025 J-GAAP
YoY +3.5% +4.3% +4.6% +0.6% +3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 81,387 8,036 7,211 5,330 67.2 9.9 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 90,132 6,989 7,179 5,051 63.7 7.8 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 90,521 4,200 3,725 3,190 40.2 4.6 May 13, 2025 J-GAAP
Apr - Jun, 2025 83,456 5,168 5,033 3,448 43.6 6.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 81,373 5,971 5,992 4,217 53.7 7.3 Nov 11, 2025 J-GAAP
YoY 0.0% -25.7% -16.9% -20.9% -20.1%

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