Toshiba Tec (6588) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥399.8 billion, down 6% year-over-year, mainly due to decreased overseas POS and MFP sales and adverse FX impacts.

• Operating profit for the nine months was ¥2.5 billion, down 78% year-over-year, but improved sequentially each quarter as tariff measures took effect.

• Loss attributable to owners of parent was ¥8.8 billion, compared to a profit of ¥27.2 billion in the prior year, impacted by extraordinary losses including provision for economic compensation.

• Fourth quarter operating profit is forecast to rise significantly to ¥9.5 billion, with full-year operating profit guidance unchanged at ¥12.0 billion.

• Business model transformation is accelerating, focusing on solutions such as ELERA, AI, and cloud integration for stable revenue.

Financial highlights

• FY2025 1Q-3Q net sales were ¥399.8 billion, down ¥25.7 billion year-over-year; operating profit was ¥2.5 billion (0.6% margin), down from ¥11.8 billion (2.8% margin) last year.

• Ordinary profit for 1Q-3Q was ¥0.4 billion (0.1% margin), down from ¥11.2 billion (2.6% margin); net loss attributable to owners was ¥8.8 billion, compared to a profit of ¥27.2 billion last year.

• Quarterly operating profit improved from ¥1.0 billion in 2Q to ¥3.6 billion in 3Q.

• Gross profit for the nine months was ¥152.4 billion, down from ¥167.5 billion year-over-year.

• Basic earnings per share was negative ¥166.35, compared to ¥513.47 in the prior year.

Outlook and guidance

• Full-year FY2025 net sales forecast is ¥570.0 billion, operating profit ¥12.0 billion (2.1% margin), and ordinary profit ¥8.0 billion (1.4% margin); dividend forecast is ¥20 per share.

• Profit attributable to owners of parent is forecast at ¥0, with basic earnings per share of ¥0.00.

• Segment sales forecasts: Retail Solutions ¥352.0 billion, Workplace Solutions ¥225.0 billion.

• Operating profit forecast for Retail Solutions unchanged at ¥6.0 billion; Workplace Solutions revised down to ¥5.0 billion.

• Fourth quarter operating profit is expected to recover company-wide due to price revisions, production optimization, and sales maximization.