Toyo Seikan Group Holdings (5901) Q4 2026 earnings summary

Executive summary

• Sales and profits increased in FY2025, driven by product price hikes in packaging and a recovery in North American engineering operations, with net sales up 4.4% to ¥963,213 million and operating income up 51.8% to ¥52,005 million.

• Profit attributable to owners rose 144.5% to ¥54,983 million, and comprehensive income increased 37.1% to ¥75,226 million.

• ROE improved to 8.1%, aided by a ¥17.9 billion capital gain from strategic shareholding disposals.

• All Medium-Term Management Plan 2025 targets for sales, operating income, and ROE were achieved or exceeded.

Financial highlights

• FY2025 net sales: ¥963.2 billion, up 4.4% year-over-year; profit per share: ¥361.63, up from ¥134.60.

• Operating income: ¥52.0 billion, up 51.8% year-over-year; margin improved to 5.4% from 3.7%.

• Profit attributable to owners: ¥54.9 billion, up 144.5% year-over-year.

• EBITDA: ¥106.3 billion, up 17.8% year-over-year.

• Cash and cash equivalents at period end increased to ¥114,912 million.

Outlook and guidance

• FY2026 net sales forecast: ¥1,030.0 billion (+6.9%), but operating income expected to fall to ¥30.0–35.0 billion (-32.7% to -42.3%).

• Profit attributable to owners forecast to fall 39.9% to ¥30,000 million; profit per share projected at ¥199.51, down 45.4%.

• Profitability to decline as not all raw material and energy cost increases can be passed on; ROE forecast to decrease to 4.3%.