Taiyo Holdings (4626) investor relations material

Executive summary

• Net sales for 1Q FY2026 rose 8% year-over-year to ¥33,179 million, with operating income up 11% to ¥7,055 million and net income at ¥4,636 million, driven by Electronics and Medical segments.

• The yen's appreciation negatively impacted results, but strong demand in memory products and supply shortages at competitors supported growth.

• The company revised its FY2026 forecasts upward, reflecting outperformance in Electronics and the impact of corporate action expenses.

• Leadership changes include a new President and CEO and a majority of independent outside directors on the board.

• The 2030 Committee was established to address management challenges and formulate a long-term plan.

Financial highlights

• 1Q FY2026 net sales: ¥33,179 million, up 8% year-over-year; operating income: ¥7,055 million, up 11%; net income: ¥4,636 million, up 1%.

• EBITDA: ¥9,176 million, up 7% year-over-year.

• Gross profit increased to ¥15,707 million from ¥14,660 million year-over-year.

• Basic earnings per share for the quarter was ¥83.51, up from ¥82.35 year-over-year.

• Total assets as of June 30, 2025, were ¥187,612 million, with net assets at ¥99,967 million and an equity ratio of 53.3%.

Outlook and guidance

• Full-year FY2026 net sales forecast revised to ¥125,700 million (+2% from previous), operating income to ¥24,700 million (+6%), and EBITDA to ¥33,300 million (+4%).

• Full-year net income forecast at ¥16,000 million (up 48.4% YoY); basic earnings per share forecast at ¥288.18.

• Dividend forecast for the fiscal year is ¥290.00 per share.

• Corporate action expenses, including advisory fees, are expected as extraordinary losses.

• Electronics segment full-year sales forecast raised to ¥83,800 million (+3%).