Token (1766) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended October 31, 2024, increased 7.5% year-over-year to ¥178,986 million, with operating profit up 85.4% to ¥10,295 million and net profit attributable to shareholders up 79.5% to ¥6,873 million.

• The construction segment saw strong growth in both sales and profit, while the real estate leasing segment maintained high occupancy and steady profit growth.

Financial highlights

• Operating profit rose sharply to ¥10,295 million from ¥5,553 million year-over-year.

• Net profit attributable to shareholders increased to ¥6,873 million from ¥3,828 million year-over-year.

• EPS for the period was ¥511.29, up from ¥284.81 in the prior year.

• Total assets grew to ¥214,324 million, and net assets to ¥125,055 million, with an equity ratio of 58.3%.

• Cash and equivalents at period-end were ¥121,723 million, up from ¥107,464 million a year earlier.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥364,052 million, with operating profit expected at ¥19,239 million and net profit at ¥13,161 million, representing increases of 1.0%, 35.8%, and 35.6% respectively over previous guidance.

• Full-year EPS forecast raised to ¥979.00.

• Dividend forecast increased to ¥330 per share for the year.