Toshiba Tec (6588) Q2 2026 earnings summary

Executive summary

• Operating profit declined in 1H FY2025 due to US tariffs, resulting in a ¥1.1B loss, but turned positive in Q2 with a ¥1.0B profit, a ¥3.1B improvement from Q1.

• Net sales for the six months ended September 30, 2025, were ¥257,655 million, down 11% year-over-year, mainly due to decreased sales of POS systems and MFPs in overseas markets, U.S. tariff measures, and negative FX impacts.

• No interim dividend will be paid; year-end dividend forecast set at ¥20, with recovery anticipated in 2H performance.

• ELERA retail platform is expanding, with overseas sales expected to double year-over-year in FY2025.

• Each business segment is forecasted to improve in 2H, with operating profit expected to reach ¥13.1B.

Financial highlights

• 1H FY2025 net sales: ¥257.7B, down ¥31.5B year-over-year.

• 1H operating loss: ¥1.1B (vs. ¥9.5B profit in 1H FY2024).

• Ordinary loss: ¥3.4B (vs. ¥8.5B profit in 1H FY2024).

• Profit attributable to owners: ¥19.9B (vs. ¥26.6B in 1H FY2024).

• Free cash flow improved to ¥3.5B from a negative ¥10.7B in 1H FY2024.

Outlook and guidance

• Full-year FY2025 operating profit forecast unchanged at ¥12.0B.

• Net sales forecast: ¥550.0B, down ¥27.0B year-over-year.

• Profit attributable to owners forecast at ¥0.0B, down ¥29.9B year-over-year.

• 2H operating profit forecast: ¥13.1B, with tariff impact expected to decrease.

• No revision to the previously announced full-year forecast.