TOENEC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%, Raises Record High Profit Forecast, Dividend Revised Upward by 13 Yen

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Tue Oct 28, 2025 3:40 pm JST Earnings

1946 TOENEC CORPORATION 【J-GAAP】

Earnings Report

TOENEC CORPORATION <1946> [TSE Prime] announced its financial results after the market closed on October 28th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 8.68 billion yen, an increase 47.3% compared to the same period last year, exceeded the previous forecast of 7.50 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 17.6%, from the previous forecast of 17.0 billion yen to 20.0 billion yen (compared to 15.3 billion yen in the previous period), increasing the growth rate from 10.7% to 30.2%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 grow 19.5% from the same period last year, reaching 11.3 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 52 yen to 65 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 63.1% from the same period last year, reaching 5.30 billion yen. The operating profit margin improved from 5.7% in the same period last year to 8.1%.

Kabutan News

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	120,581	6,908	6,501	4,072	43.6	51.3	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	126,846	6,467	5,894	2,865	30.7	38.4	Oct 29, 2024	J-GAAP
Apr - Sep, 2025	124,714	8,566	8,684	7,216	77.8	43.4	Oct 28, 2025	J-GAAP
YoY	-1.7%	+32.5%	+47.3%	+151.9%	+153.3%

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	131,000	7,800	7,500	5,000	53.9	22	Apr 28, 2025	J-GAAP
Apr - Sep, 2025 Results	124,714	8,566	8,684	7,216	77.8	28	Oct 28, 2025	J-GAAP
Revision Rate	-4.8%	+9.8%	+15.8%	+44.3%	+44.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	277,000	18,000	17,000	12,000	129.3	52	Apr 28, 2025	J-GAAP
Mar, 2026 New	277,000	20,000	20,000	15,000	161.6	65	Oct 28, 2025	J-GAAP
Revision Rate	0.0%	+11.1%	+17.6%	+25.0%	+25.0%

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	144,120	9,574	9,466	7,900	84.9	30	Apr 28, 2025	J-GAAP
Oct - Mar, 2025 Guidance	152,286	11,434	11,316	7,784	83.9	37	Oct 28, 2025	J-GAAP
YoY	+5.7%	+19.4%	+19.5%	-1.5%	-1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	252,863	15,910	12,679	9,345	100.0	40	Apr 26, 2024	J-GAAP
Mar, 2025	270,966	16,041	15,360	10,765	115.7	50	Apr 28, 2025	J-GAAP
Mar, 2026 Guidance	277,000	20,000	20,000	15,000	161.6	65	Oct 28, 2025	J-GAAP
YoY	+2.2%	+24.7%	+30.2%	+39.3%	+39.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	66,866	3,788	3,253	948	10.2	5.7	Oct 29, 2024	J-GAAP
Oct - Dec, 2024	71,467	3,596	3,820	3,189	34.2	5.0	Feb 3, 2025	J-GAAP
Jan - Mar, 2025	72,653	5,978	5,646	4,711	50.6	8.2	Apr 28, 2025	J-GAAP
Apr - Jun, 2025	61,158	3,429	3,377	2,056	22.2	5.6	Jul 29, 2025	J-GAAP
Jul - Sep, 2025	63,556	5,137	5,307	5,160	55.6	8.1	Oct 28, 2025	J-GAAP
YoY	-5.0%	+35.6%	+63.1%	+444.3%	+447.2%