Totetsu Kogyo (1835) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 6.0% year-over-year to ¥65,688 million, driven by increased private sector railway construction despite a decline in public sector works.

• Operating profit surged 52.2% year-over-year to ¥6,270 million, and profit attributable to owners of parent increased 38.6% to ¥4,474 million.

• Comprehensive income more than doubled year-over-year, reaching ¥6,741 million, up 123.5%.

Financial highlights

• Gross profit increased by ¥2,386 million year-over-year to ¥10,788 million.

• Basic earnings per share for the period was ¥129.93, up from ¥93.74 a year earlier.

• Total assets as of September 30, 2025, were ¥162,849 million, down ¥18,265 million from March 31, 2025, mainly due to lower receivables.

• Net assets rose to ¥124,602 million, an increase of ¥3,825 million from the previous fiscal year-end.

• Cash and cash equivalents at period-end were ¥21,568 million.

Outlook and guidance

• Full-year forecast for FY2026 remains unchanged: net sales of ¥165,000 million (+3.1% YoY), operating profit of ¥16,000 million (+3.1%), and profit attributable to owners of parent of ¥12,000 million (+3.8%).

• Annual dividend forecast raised to ¥140 per share, up from ¥135 in the previous year.