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TOYOTA TSUSHO, Net Income Forecast for the Fiscal Year Revised Upward by 6%, Dividend Revised Upward by 6 Yen

Fri Oct 31, 2025 3:00 pm JST Earnings

8015 TOYOTA TSUSHO CORPORATION 【IFRS】

Earnings Report

TOYOTA TSUSHO CORPORATION <8015> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on October 31st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 186 billion yen, a 3.0% increase compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 5.9%, from the previous forecast of 340 billion yen to 360 billion yen (compared to 362 billion yen in the previous period), and the declining rate is expected to decrease from 6.2% to 0.7%.

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 decrease 4.4% from the same period last year to 173 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 110 yen to 116 yen (compared to 105 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 3.3% from the same period last year, reaching 88.5 billion yen. However, the operating profit margin worsened from 5.1% in the same period last year to 4.8%.

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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 5,135,235 233,147 254,110 177,757 168.4 54.1 Oct 31, 2023 IFRS
Apr - Sep, 2024 5,065,920 247,918 268,109 181,547 172.0 49.9 Oct 31, 2024 IFRS
Apr - Sep, 2025 5,414,384 261,130 281,453 186,920 177.1 ー Oct 31, 2025 IFRS
YoY +6.9% +5.3% +5.0% +3.0% +3.0%

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 － 55 Apr 28, 2025 IFRS
Apr - Sep, 2025 Results 5,414,384 261,130 281,453 186,920 177.1 58 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 ー ー ー 340,000 322.0 110 Apr 28, 2025 IFRS
Mar, 2026 New ー ー ー 360,000 341.0 116 Oct 31, 2025 IFRS
Revision Rate － － － +5.9% +5.9%

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 5,243,630 249,256 268,756 180,959 171.4 55 Apr 28, 2025 IFRS
Oct - Mar, 2025 Guidance ー ー ー 173,080 163.9 58 Oct 31, 2025 IFRS
YoY － － － -4.4% -4.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 10,188,980 441,589 469,639 331,444 314.0 93.33 Apr 26, 2024 IFRS
Mar, 2025 10,309,550 497,174 536,865 362,506 343.4 105 Apr 28, 2025 IFRS
Mar, 2026 Guidance ー ー ー 360,000 341.0 116 Oct 31, 2025 IFRS
YoY － － － -0.7% -0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,524,447 128,852 131,909 85,718 81.2 5.1 Oct 31, 2024 IFRS
Oct - Dec, 2024 2,581,851 123,292 138,953 96,304 91.2 4.8 Jan 31, 2025 IFRS
Jan - Mar, 2025 2,661,779 125,964 129,803 84,655 80.2 4.7 Apr 28, 2025 IFRS
Apr - Jun, 2025 2,593,820 126,595 145,071 98,344 93.2 4.9 Jul 31, 2025 IFRS
Jul - Sep, 2025 2,820,564 134,535 136,382 88,576 83.9 4.8 Oct 31, 2025 IFRS
YoY +11.7% +4.4% +3.4% +3.3% +3.3%

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