Toyobo Co (3101) Q1 2026 earnings summary

Executive summary

• Operating profit rose 80.2% year-over-year to ¥5.6 billion, driven by strong industrial film and improved packaging film earnings, while net sales declined 2.2% to ¥102.9 billion.

• Net profit doubled to ¥1.6 billion, and EPS increased to ¥17.8, with ordinary profit rising 111.8% to ¥4.3 billion.

• Comprehensive income dropped 55.7% year-over-year to ¥1,981 million.

• Forecasts for FY 3/26 remain unchanged, anticipating operating profit of ¥21.0 billion and net profit of ¥4.5 billion.

Financial highlights

• Gross profit increased 9.1% year-over-year to ¥25.2 billion, with cost of sales declining.

• EBITDA rose 31.5% to ¥11.4 billion; EPS doubled to ¥17.8.

• CAPEX decreased 51.9% to ¥6.6 billion; R&D expenses fell 6.9% to ¥3.5 billion.

• D/E ratio increased to 1.41 as of June 30, 2025.

• Total assets decreased by 1.0% to ¥611.5 billion, and net assets fell by 1.5% to ¥228.7 billion compared to March 31, 2025.

Outlook and guidance

• FY 3/26 forecasts: net sales ¥440.0 billion (+4.3%), operating profit ¥21.0 billion (+26.1%), net profit ¥4.5 billion (+124.6%), and ordinary profit ¥15.5 billion (+46.4%).

• Dividend forecast is ¥40 per share for the year, with no interim dividend.

• Strong demand expected for industrial film and improved profitability in packaging film.

• Segment forecasts: Films and Life Science to see notable growth; Functional Textiles and Trading to decline.