Toyo Tanso (5310) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended March 31, 2026, were ¥10,576 million, down 7.8% year-over-year, with operating profit at ¥634 million, down 70.3%, and profit attributable to owners at ¥609 million, down 52.3%.

• The business faced headwinds from sluggish semiconductor demand and rising energy prices, though demand for generative AI-related electronics remained strong.

• Segment performance varied, with Japan and Europe seeing notable declines in semiconductor-related sales, while the U.S. and Asia showed mixed results.

Financial highlights

• Gross profit fell to ¥2,766 million from ¥4,389 million year-over-year.

• Comprehensive income surged to ¥1,352 million from ¥33 million, mainly due to foreign currency translation gains.

• Basic earnings per share dropped to ¥29.05 from ¥60.88 year-over-year.

• Total assets increased to ¥119,147 million, while net assets decreased to ¥95,863 million as of March 31, 2026.

Outlook and guidance

• Full-year 2026 net sales are forecast at ¥49,000 million (up 6.1% year-over-year), with operating profit expected at ¥6,200 million (up 8.3%).

• No changes to previously announced forecasts; potential cost increases from rising fuel prices are not yet reflected.