Totech (9960) Q3 2026 earnings summary

Executive summary

• Achieved record-high nine-month sales and profits, with net sales up 11.6% YoY to ¥123,195 million, operating profit up 19.8% to ¥12,208 million, and profit attributable to owners of parent up 19.0% to ¥9,132 million, driven by strong demand in both private and public sectors, especially in metropolitan redevelopment, datacenters, and energy-related projects.

• All three core businesses—HVAC, Instrumentation Work, and Energy Solution—posted significant revenue growth year-over-year, with both product sales and construction segments achieving higher sales and profits.

• Comprehensive income increased 58.2% year-over-year to ¥13,552 million.

• Quarterly net sales and operating profit reached new highs, with continued improvements in profitability at order intake.

Financial highlights

• Net sales rose 11.6% YoY to ¥123.1bn for Q3 FY3/26; operating profit increased 19.8% YoY to ¥12.2bn; ordinary profit reached ¥12.98bn (+17.6% YoY); profit attributable to owners of parent was ¥9.1bn (+19.0% YoY).

• Gross profit margin improved by 0.9 ppt YoY to 27.4%, with gross profit for the nine months at ¥33,769 million, up from ¥29,315 million YoY.

• Orders received grew 23.1% YoY, with Construction segment orders up 37.1% YoY.

• Order backlog increased 13.1% YoY, led by a 19.1% rise in the Construction segment.

• Basic earnings per share rose to ¥221.81 from ¥186.52 YoY.

Outlook and guidance

• Full-year FY3/26 forecasts: net sales ¥166bn (+6.4%), operating profit ¥16bn (+8.9%), ordinary profit ¥16.8bn (+7.9%), profit attributable to owners of parent ¥12bn (+7.2%), and basic earnings per share forecasted at ¥291.43.

• No changes to previously announced forecasts.

• Business environment remains uncertain due to rising costs and logistics expenses, but large-scale redevelopment projects are expected to continue.