Toyo Tire (5105) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2026 were ¥130,951 million, down 3.4% year-over-year, and operating income declined 8.1% to ¥20,610 million, reflecting lower unit sales.

• Ordinary income rose 17.0% to ¥21,352 million, and profit attributable to owners increased 14.6% to ¥15,476 million, driven by the absence of prior-year forex losses and improved profitability.

Financial highlights

• Operating margin for 1Q FY2026 was 15.7%, down from 16.5% a year earlier.

• Gross profit increased to ¥55,727 million from ¥55,179 million year-over-year.

• Comprehensive income for the quarter was ¥20,892 million, up from ¥1,289 million in the prior year.

Outlook and guidance

• FY2026 operating income forecast remains at ¥94.0 billion, unchanged from February.

• Annual dividend per share projected at ¥135, up ¥5 year-over-year.

• 1H FY2026 net sales forecast at ¥296,000 million (+4.4%), but operating income expected to decline 12.8% year-over-year.