Toda (1860) Q4 2026 earnings summary

Executive summary

• Consolidated net sales rose 10.1% year-over-year to ¥645.7 billion, driven by large-scale architectural projects and increased overseas real estate sales.

• Operating income surged 43.5% year-over-year to ¥38.2 billion, reflecting improved profitability, cost controls, and gains from overseas real estate.

• Ordinary income rose 51.2% year-over-year to ¥44.0 billion, supported by higher dividend income.

• Profit attributable to owners of parent climbed 46.8% year-over-year to ¥37.0 billion, aided by gains on sale of investment securities despite impairment losses.

• Comprehensive income reached ¥65.8 billion, up from ¥7.2 billion the previous year.

Financial highlights

• Gross profit increased 21.6% year-over-year to ¥92.2 billion, with a margin of 14.3% and improved profitability in architectural construction and overseas real estate.

• Equity ratio improved to 39.1% from 37.1% a year earlier.

• Total assets increased 8.1% to ¥998.4 billion, while net assets rose 14.1% to ¥403.2 billion.

• Cash flows from operating activities were ¥62.5 billion, up from ¥26.4 billion; cash and cash equivalents at year-end were ¥84.6 billion.

• Basic earnings per share rose to ¥123.34 from ¥83.59 year-over-year.

Outlook and guidance

• Consolidated net sales forecasted at ¥753.0 billion, up 16.6% year-over-year.

• Operating income expected to rise 2.1% to ¥39.0 billion.

• Ordinary income projected to decrease 9.1% to ¥40.0 billion.

• Profit attributable to owners of parent forecasted at ¥35.0 billion, down 5.4%.

• Annual dividend for FY2027 projected at ¥60 per share, up from ¥58 per share in FY2026.