TOPPAN (7911) Q1 2026 earnings summary

Executive summary

• Net sales for the quarter ended June 30, 2025, decreased 1.3% year-over-year to ¥397.5 billion, while operating profit rose 20.1% to ¥13.5 billion and profit attributable to owners of parent fell 4.8% to ¥9.3 billion.

• The business environment was marked by geopolitical risks, inflation, and FX volatility, but also by growth in sustainability awareness and digital/semiconductor markets.

Financial highlights

• EBITDA increased 2.6% year-over-year to ¥32.3 billion; non-GAAP operating profit rose 15.3% to ¥16.2 billion.

• Gross profit improved to ¥95.3 billion from ¥92.5 billion year-over-year.

• Comprehensive income dropped sharply to ¥2.0 billion from ¥66.8 billion year-over-year, mainly due to negative FX translation adjustments.

• Basic EPS for the quarter was ¥32.41, up from ¥31.48 year-over-year.

Outlook and guidance

• Full-year net sales forecast at ¥1,880.0 billion (+9.3%), operating profit at ¥92.0 billion (+8.2%), and profit attributable to owners of parent at ¥65.0 billion (−27.9%).

• No change to previously announced forecasts; actual results may differ due to market factors.