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Toyota Tsusho (8015) investor relations material
Toyota Tsusho Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY27 profit attributable to owners of the parent reached a record ¥262.0bn, up 40.2% YoY; operating profit rose 42.2% to ¥371.3bn.
Earnings growth reflected yen depreciation, higher resource and memory-related prices, stronger automotive volumes in several regions, and increased equity-method earnings.
Focus remained on generating cash flow and reducing funds employed to improve NET DER; full-year profit guidance remained ¥430bn amid 2H uncertainty.
Financial highlights
H1 revenue was ¥7,180.6bn, up 32.6% YoY; gross profit was ¥761.2bn and SG&A expenses were ¥384.0bn.
Operating profit was ¥371.3bn, profit before tax ¥401.0bn, and profit for the period ¥287.3bn; parent-attributable profit was ¥262.0bn.
Total comprehensive income declined 8.9% YoY to ¥264.6bn, including ¥31.9bn of negative translation differences on foreign operations.
Average H1 FX rates were ¥159/$ and ¥184/€, versus ¥146/$ and ¥168/€ a year earlier.
Outlook and guidance
FY27 operating profit forecast was raised ¥10bn to ¥640bn and gross profit forecast increased ¥59bn to ¥1,497bn; parent-attributable profit guidance remained ¥430bn.
Forecast FX assumptions remained ¥155/$ and ¥180/€; guidance reflected reassessment of the business environment and 2H uncertainty.
Segment profit forecasts: Circular Economy +¥17bn to ¥80bn, Supply Chain +¥4bn to ¥60bn, Mobility +¥3bn to ¥73bn, and Green Infrastructure cut ¥30bn to zero.
Parent-attributable profit forecast progress was 61%; Circular Economy was at 72%, Digital Solutions 66%, and Africa 63%.
FY27 dividend forecast remained ¥125/share, comprising ¥62 interim and ¥63 year-end; consolidated forecast remained as announced July 31, 2026.
- Record profit and revenue growth, but equity fell sharply after a major share cancellation.8015
Q1 2027 - Record profits, strong growth in key segments, and major share buyback amid global risks.8015
Q4 2026 - Record-high profit, 9.6% revenue growth, and major share repurchase announced.8015
Q3 2026 - Record-high profit and raised forecasts reflect strong auto and emerging market performance.8015
Q2 2026 - Record profit and revenue growth led by automotive and emerging market sales, with higher dividend forecast.8015
Q1 2026 - Net and operating profit rose despite revenue decline and FX-driven drop in comprehensive income.8015
Q2 2025 - Q1 FY2024 profit rose 3.4% with robust segment gains and upgraded full-year guidance.8015
Q1 2025 - Record profit and robust segment growth drive a higher dividend payout and continued investment.8015
Q4 2025 - Record profit and operating gains offset revenue dip; outlook and dividend guidance steady.8015
Q3 2025
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