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TOYO CONSTRUCTION, Jul-Sep (2Q) Ordinary Profit Decreases by 20%

Mon Nov 10, 2025 3:30 pm JST Earnings

1890 TOYO CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

TOYO CONSTRUCTION CO.,LTD. <1890> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 22.0% from the same period last year, reaching 2.96 billion yen. However, Progress toward the full-year plan of 11.1 billion yen was 26.7%, almost the same as the five-year average of 29.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 5.9% from the same period last year to 8.13 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.43 billion yen, a 20.1% decrease compared to the same period last year. The operating profit margin worsened from 7.8% in the same period last year to 5.4%.

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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 88,764 4,190 3,668 2,179 23.1 36.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 73,603 2,772 2,431 1,846 19.7 22.0 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 94,590 3,568 2,967 2,489 26.5 26.7 Nov 10, 2025 J-GAAP
YoY +28.5% +28.7% +22.0% +34.8% +34.9%

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 － 0 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 94,590 3,568 2,967 2,489 26.5 0 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

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 99,002 8,879 8,640 6,465 68.8 58 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 105,410 8,432 8,133 6,011 64.0 0 Nov 10, 2025 J-GAAP
YoY +6.5% -5.0% -5.9% -7.0% -7.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 186,781 10,887 10,057 7,016 74.5 74 May 10, 2024 J-GAAP
Mar, 2025 172,605 11,651 11,071 8,311 88.5 88 May 12, 2025 J-GAAP
Mar, 2026 Guidance 200,000 12,000 11,100 8,500 90.5 0 Aug 8, 2025 J-GAAP
YoY +15.9% +3.0% +0.3% +2.3% +2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 39,830 3,123 3,045 1,922 20.5 7.8 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 42,852 2,976 2,849 2,120 22.6 6.9 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 56,150 5,903 5,791 4,345 46.3 10.5 May 12, 2025 J-GAAP
Apr - Jun, 2025 40,030 634 534 539 5.7 1.6 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 54,560 2,934 2,433 1,950 20.8 5.4 Nov 10, 2025 J-GAAP
YoY +37.0% -6.1% -20.1% +1.5% +1.5%

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