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TOYOTA BOSHOKU, Net Income Forecast for the Fiscal Year Revised Downward by 10%

Fri Oct 31, 2025 2:00 pm JST Earnings

3116 TOYOTA BOSHOKU CORPORATION 【IFRS】

Earnings Report

TOYOTA BOSHOKU CORPORATION <3116> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on October 31st (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 29.0% from the same period last year, reaching 17.4 billion yen.

However, the full-year forecast for consolidated net income has decreased 10.0%, from the previous forecast of 50.0 billion yen to 45.0 billion yen (compared to 16.7 billion yen in the previous period), leading to a reduction in the profit growth rate from 3.0 times to 2.7 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge 8.6 times that of the same period last year, reaching 27.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 37.7% from the same period last year, reaching 6.62 billion yen. However, the operating profit margin remained almost flat, changing from 3.7% in the same period last year to 3.7%.

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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 964,058 49,598 55,048 28,948 154.9 62.5 Oct 31, 2023 IFRS
Apr - Sep, 2024 948,165 33,837 32,926 13,506 75.7 69.9 Oct 31, 2024 IFRS
Apr - Sep, 2025 972,279 37,041 39,428 17,423 97.6 49.3 Oct 31, 2025 IFRS
YoY +2.5% +9.5% +19.7% +29.0% +28.9%

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 － 43 Apr 25, 2025 IFRS
Apr - Sep, 2025 Results 972,279 37,041 39,428 17,423 97.6 43 Oct 31, 2025 IFRS
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 2,000,000 80,000 83,000 50,000 279.9 86 Apr 25, 2025 IFRS
Mar, 2026 New 1,980,000 75,000 80,000 45,000 251.9 86 Oct 31, 2025 IFRS
Revision Rate -1.0% -6.3% -3.6% -10.0% -10.0%

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 1,006,053 8,562 14,170 3,213 18.0 43 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 1,007,721 37,959 40,572 27,577 154.4 43 Oct 31, 2025 IFRS
YoY +0.2% +343.3% +186.3% +758.3% +757.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,953,625 79,273 88,008 58,521 315.2 86 Apr 26, 2024 IFRS
Mar, 2025 1,954,218 42,399 47,096 16,719 93.7 86 Apr 25, 2025 IFRS
Mar, 2026 Guidance 1,980,000 75,000 80,000 45,000 251.9 86 Oct 31, 2025 IFRS
YoY +1.3% +76.9% +69.9% +169.2% +169.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 460,165 17,139 13,521 4,810 27.0 3.7 Oct 31, 2024 IFRS
Oct - Dec, 2024 498,534 18,184 22,317 14,777 82.8 3.6 Jan 31, 2025 IFRS
Jan - Mar, 2025 507,519 -9,622 -8,147 -11,564 -64.8 -1.9 Apr 25, 2025 IFRS
Apr - Jun, 2025 479,693 18,703 18,901 10,801 60.5 3.9 Jul 31, 2025 IFRS
Jul - Sep, 2025 492,586 18,338 20,527 6,622 37.1 3.7 Oct 31, 2025 IFRS
YoY +7.0% +7.0% +51.8% +37.7% +37.6%

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