TOYOKOH (341A) Q1 2027 earnings summary

Executive summary

• Q1 FY2027/3 performance was generally in line with budget, with net sales at 51.1% and operating income at 45.8% of first-half forecasts.

• Revenue for the three months ended June 30, 2026, rose 24.0% year-over-year to 849 million yen, driven by strong demand in both SOSEI and CoolLaser businesses.

• Operating profit declined 9.8% year-over-year to 131 million yen, while net income decreased 4.5% to 116 million yen.

• SOSEI's growth rate in Q1 was 23.9%, surpassing the full-year forecast of 6.5%.

• Both businesses are on track to achieve FY2027/3 earnings forecasts, but further production capacity expansion is needed.

Financial highlights

• Q1 FY2027/3 net sales reached 3,133 million yen, up 24% year-over-year.

• Operating income for Q1 was 131 million yen, down from 145 million yen in the prior year due to increased SG&A expenses.

• Gross profit increased to 337 million yen from 295 million yen year-over-year.

• Diluted EPS for the quarter was 8.17 yen, compared to 8.67 yen in the prior year.

• Equity to total assets ratio improved to 57.9% from 55.8% at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue forecast is 4,000 million yen (up 27.7% YoY), with net income projected at 654 million yen (up 18.9% YoY).

• No change to the CoolLaser medium-term target of 120 units per year by FY2030/3.

• No change to previously announced forecasts.

• No dividends are planned for the fiscal year ending March 31, 2027.

• SOSEI is expanding into the metal roof renovation market and aims for full-scale commercialization of SOSEI + solar power.