TOYOKOH (341A) Q3 2026 earnings summary

Executive summary

• Sales for the nine months ended December 31, 2025, rose 45.1% year-over-year to 2,231 million yen, reaching 74% of the full-year forecast, with operating profit up 77.8% to 469 million yen and net income up 45.7% to 391 million yen.

• Growth was driven by increased demand in the SOSEI business and expanded agency sales in the CoolLaser business, with CoolLaser driving high growth and expanding into overseas markets.

• The company was listed on the Tokyo Stock Exchange Growth Market in March 2025, with a subsequent third-party allotment of 555,000 new shares increasing capital and a five-for-one stock split effective November 30, 2024.

• SOSEI continues to provide a stable foundation, while CoolLaser is expanding into overseas markets and public works adoption.

Financial highlights

• Third quarter sales totaled 2,231 million yen, up 45.1% year-over-year, with operating profit reaching 469 million yen, a significant increase from 301 million yen in the previous year.

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

• Operating profit margin improved to 21.0% in Q3, and ordinary profit rose 85.8% year-over-year to 459 million yen.

• Basic earnings per share for the nine months was 28.97 yen, reflecting a five-for-one stock split.

• Total assets increased 33.4% from the previous fiscal year-end to 5,190 million yen, and equity rose 37.6% to 2,795 million yen.

Outlook and guidance

• Full-year revenue is forecast at 3,000 million yen (up 48.1% YoY), with net income projected at 480 million yen (up 49.5% YoY) and basic EPS of 35.47 yen.

• CoolLaser is expected to continue its high growth trajectory, with a full-year delivery plan of 12 devices and ongoing overseas expansion.

• SOSEI's growth rate for the third quarter was 10.4%, exceeding the full-year forecast.

• No changes have been made to previously announced forecasts.

• The company is preparing for full-scale overseas expansion and public works adoption, leveraging IPO funds for production and sales system growth.