Toyo Suisan Kaisha (2875) Q2 2026 earnings summary

Executive summary

• Achieved record-high net sales in all segments for the first half of FY2026, with net sales for the six months ended September 30, 2025, at ¥256,074 million, up 1.1% year-over-year; operating profit was ¥39,772 million, nearly flat year-over-year; ordinary profit was ¥43,784 million, down 1%; profit attributable to owners of parent was ¥33,325 million, down 0.6%.

• Comprehensive income rose to ¥34,892 million from ¥24,980 million year-over-year.

• Full-year forecast revised upward for both net sales and operating profit, anticipating continued growth in core products and successful price adjustments.

• The company implemented cost reductions and aggressive sales activities amid a competitive environment and economic uncertainties.

Financial highlights

• First half FY2026 consolidated net sales: ¥256.1 billion, up 1.1% year-over-year.

• Operating profit: ¥39.8 billion, nearly unchanged from previous year.

• Ordinary profit: ¥43.8 billion, down 1% year-over-year.

• Profit attributable to owners of parent: ¥33.3 billion, down 0.6% year-over-year.

• Basic earnings per share for the period was ¥335.40, up from ¥331.61 year-over-year.

Outlook and guidance

• FY2026 full-year net sales forecast: ¥535 billion, up 4.4% year-over-year; operating profit forecast: ¥80 billion, up 4.6%; ordinary profit forecast: ¥87.5 billion, up 2.7%; profit attributable to owners of parent forecast: ¥66 billion, up 3.4%; basic EPS ¥664.25.

• Dividend per share maintained at ¥200.

• Capital expenditure planned at ¥50.8 billion, with focus on plant expansions and efficiency improvements.