Toyo Tanso (5310) Q3 2026 earnings summary

Executive summary

• 9M net sales rose 3.0% YoY to ¥35,133m, while operating profit fell 27.5% to ¥3,932m and profit attributable to owners of parent fell 29.8% to ¥3,181m.

• Operating profit recovered substantially in Q3, though unfavorable product mix and H1 unrealized inventory profit weighed on the year-to-date result.

Financial highlights

• 9M ordinary profit was ¥4,290m, down 28.7% YoY; basic EPS was ¥151.69, versus ¥216.06 in the prior-year period.

• Operating profit was ¥3,932m versus ¥5,420m a year earlier; profit attributable to owners of parent was ¥3,181m versus ¥4,531m.

• Operating profit margin was 11.2%, versus 15.9%; ordinary profit margin was 12.2%, versus 17.6%. ROE was 5.1%.

Outlook and guidance

• FY2026 forecast remains unchanged: net sales ¥49,000m, operating profit ¥6,200m, ordinary profit ¥6,000m and profit attributable to owners of parent ¥5,000m.

• Forecast basic EPS is ¥238.41; operating and ordinary profit margins are forecast at 12.7% and 12.2%, respectively.