TOA (1885) Q3 2025 earnings summary

Executive summary

• 9M FY2025 net sales ¥239,951 million, up 16.2% YoY; operating profit ¥16,421 million, up 21.0%; profit attributable to owners of parent ¥11,718 million, up 40.5%.

• Growth was led by higher construction sales from large projects on hand; the full-year forecast was revised upward on February 7, 2025.

Financial highlights

• 9M gross profit ¥26,434 million vs. ¥22,887 million; ordinary profit ¥16,348 million, up 27.3% YoY.

• Profit attributable to owners of parent was ¥11,718 million vs. ¥8,338 million; basic EPS ¥147.73 vs. ¥100.04, on a stock-split-adjusted basis.

• Non-consolidated net sales rose 16.5% YoY to ¥230,566 million; operating profit increased ¥3,305 million to ¥14,935 million.

Outlook and guidance

• FY2025 consolidated forecast: net sales ¥320,000 million (+12.7% YoY), operating profit ¥19,200 million (+11.4%), ordinary profit ¥18,900 million (+13.6%), and parent profit ¥14,000 million (+33.1%).

• The revised FY2025 forecast exceeds Medium-term Management Plan targets of ¥265,000 million net sales, ¥11,200 million operating profit, and ¥7,500 million parent profit.

• Year-end dividend forecast raised by ¥17 to ¥71 per share from the prior ¥54 forecast.

• Forecasts rely on currently available information and reasonable assumptions; actual results may differ materially due to various factors.