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TOYO SUISAN KAISHA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Raises Record High Profit Forecast

Fri Oct 31, 2025 12:20 pm JST Earnings

2875 TOYO SUISAN KAISHA, LTD. 【J-GAAP】

Earnings Report

TOYO SUISAN KAISHA, LTD. <2875> [TSE Prime] announced its financial results at noon (12:20) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 43.7 billion yen, a 1.0% decrease compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has been revised upward 4.2%, from the previous forecast of 84.0 billion yen to 87.5 billion yen (compared to 83.9 billion yen in the previous period), increasing the growth rate from 0.1% to 4.3%, further surpassing the previous forecast of record-high profits for four 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 10.1% from the same period last year, reaching 43.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 6.3% from the same period last year, reaching 23.2 billion yen. The operating profit margin rose from 15.6% in the same period last year to 16.5%.

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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 234,890 29,824 33,646 25,132 246.1 44.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 253,283 39,828 44,228 33,524 331.6 52.7 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 256,074 39,772 43,784 33,325 335.4 50.0 Oct 31, 2025 J-GAAP
YoY +1.1% -0.1% -1.0% -0.6% +1.1%

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 265,000 35,000 39,000 29,000 292.6 80 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 256,074 39,772 43,784 33,325 335.4 80 Oct 31, 2025 J-GAAP
Revision Rate -3.4% +13.6% +12.3% +14.9% +14.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 545,000 76,000 84,000 62,000 636.4 200 May 12, 2025 J-GAAP
Mar, 2026 New 535,000 80,000 87,500 66,000 677.5 200 Oct 31, 2025 J-GAAP
Revision Rate -1.8% +5.3% +4.2% +6.5% +6.5%

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 254,317 35,660 39,691 29,343 292.4 120 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 278,926 40,228 43,716 32,675 335.4 120 Oct 31, 2025 J-GAAP
YoY +9.7% +12.8% +10.1% +11.4% +14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 489,013 66,696 74,889 55,653 545.0 170 May 10, 2024 J-GAAP
Mar, 2025 507,600 75,488 83,919 62,867 626.4 200 May 12, 2025 J-GAAP
Mar, 2026 Guidance 535,000 80,000 87,500 66,000 677.5 200 Oct 31, 2025 J-GAAP
YoY +5.4% +6.0% +4.3% +5.0% +8.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 128,514 20,025 21,847 16,312 161.4 15.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 141,931 22,470 25,066 18,742 186.3 15.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 112,386 13,190 14,625 10,601 105.6 11.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 125,803 18,300 20,565 15,251 153.1 14.5 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 130,271 21,472 23,219 18,074 181.9 16.5 Oct 31, 2025 J-GAAP
YoY +1.4% +7.2% +6.3% +10.8% +12.7%

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