TOYOKOH (341A) Q2 2026 earnings summary

Executive summary

• Sales for the second quarter reached 55% of the full-year forecast, with continued growth in both SOSEI and CoolLaser businesses, supporting high growth momentum.

• Revenue for the six months ended September 30, 2025, was ¥1,634 million, up 84.9% year-over-year, with operating profit of ¥413 million (up 208.1%), ordinary profit of ¥406 million (up 238.8%), and net income of ¥345 million (up 112.5%).

• Growth was driven by increased demand in the SOSEI business and expanded agency sales in the CoolLaser business.

• CoolLaser's new factory began operations in November 2025, doubling initial production capacity and supporting future growth.

• The company received the FY2025 Industrial Standardization Business Award, enhancing its reputation and market position.

Financial highlights

• Sales for 2Q FY2026/3 totaled ¥1,634 million, an 84.9% year-over-year growth.

• Gross profit margins for both SOSEI and CoolLaser remained near 40%, with SOSEI outperforming the construction industry average of 25%.

• Total assets rose to ¥5,022 million, a 29.1% increase from March 31, 2025.

• Cash and cash equivalents at period-end were ¥3,048 million, up ¥1,061 million from the previous fiscal year.

• Operating profit increased, while R&D expenses showed a downward trend.

Outlook and guidance

• No revision to the earnings forecast for FY2026/3, with attention to the impact of high rainfall in October.

• Full-year revenue forecast is ¥3,000 million (up 48.1% YoY), with operating profit of ¥580 million (up 92.5%), ordinary profit of ¥560 million (up 113.0%), and net income of ¥480 million (up 49.5%).

• Basic earnings per share forecast is ¥35.47 for the fiscal year ending March 31, 2026.

• SOSEI x Solar pilot project to start within FY2026/3, with full-scale introduction planned for FY2027/3.

• CoolLaser aims for cost reductions and new product launches, with overseas expansion expected after standard certifications.