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TOA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%, Raises Record High Profit Forecast, Dividend Revised Upward by 15 Yen

Fri Feb 6, 2026 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 February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 23.9% from the same period last year, reaching 20.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.4%, from the previous forecast of 21.0 billion yen to 23.4 billion yen (compared to 20.0 billion yen in the previous period), increasing the growth rate from 4.6% to 16.6%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 24.1%, from the previous forecast of 9.97 billion yen to 12.3 billion yen (compared to 10.9 billion yen in the same period of the previous year), turning to a 13.5% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 77 yen to 92 yen (compared to 76 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 28.5% from the same period last year, reaching 9.22 billion yen. The operating profit margin improved from 7.8% in the same period last year to 9.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 206,552 13,569 12,840 8,338 100.0 77.2 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 239,951 16,421 16,348 11,718 147.7 81.4 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 256,720 19,790 20,250 14,302 183.0 86.5 Feb 6, 2026 J-GAAP
YoY +7.0% +20.5% +23.9% +22.1% +23.9%

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 177,171 10,361 9,975 7,335 94.9 39 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 180,171 11,961 12,375 10,135 131.1 54 Feb 6, 2026 J-GAAP
Revision Rate +1.7% +15.4% +24.1% +38.2% +38.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 342,000 21,500 21,000 15,000 194.0 77 Nov 11, 2025 J-GAAP
Mar, 2026 New 345,000 23,100 23,400 17,800 230.3 92 Feb 6, 2026 J-GAAP
Revision Rate +0.9% +7.4% +11.4% +18.7% +18.7%

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 180,171 11,961 12,375 10,135 131.1 54 Feb 6, 2026 J-GAAP
YoY -0.3% +6.9% +13.5% +23.0% +26.2%

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 345,000 23,100 23,400 17,800 230.3 92 Feb 6, 2026 J-GAAP
YoY +4.4% +12.0% +16.6% +19.4% +22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 91,891 8,651 9,225 6,637 84.9 9.4 Feb 6, 2026 J-GAAP
YoY +2.0% +23.8% +28.5% +31.4% +33.4%

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