Toyota Boshoku Corporation (3116) Q2 2025 earnings summary

Executive summary

• Revenue for 2Q FY2025 declined 1.6% year-over-year to ¥948.1 billion, mainly due to a global decrease in volume, despite favorable foreign exchange impacts.

• Operating profit dropped 31.8% year-over-year to ¥33.8 billion, impacted by strategic human capital investments, increased overhead costs, and lower volumes.

• Profit attributable to owners of the parent fell 53.3% year-over-year to ¥13.5 billion.

• Comprehensive income attributable to owners of the parent decreased to ¥3.3 billion from ¥46.7 billion in the prior year period.

• Seat production volume decreased 8.7% year-over-year to 39.8 million units.

Financial highlights

• Earnings per share for 2Q FY2025 was ¥75.68, down from ¥154.93 in the prior year.

• Operating profit margin decreased from 5.1% to 3.6% year-over-year.

• Free cash flow for 2Q FY2025 was ¥28.0 billion, down ¥20.3 billion year-over-year, mainly due to reduced profits.

• Total equity attributable to owners of the parent was ¥445.3 billion, with an equity ratio of 40.7%.

• Profit before income taxes was ¥32.9 billion, down 40.2% year-over-year.

Outlook and guidance

• FY2025 revenue forecast is ¥1,870 billion, a 4.3% decrease year-over-year.

• Operating profit forecast for FY2025 is ¥68.0 billion, down 13.5% year-over-year.

• Profit attributable to owners of the parent is projected at ¥43.0 billion, a 25.7% decrease year-over-year.

• Basic EPS forecast at ¥240.86.

• Annual dividend plan is ¥86 per share, with interim and year-end dividends of ¥43 each.