Toyota Industries (6201) Q1 2025 earnings summary

Executive summary

• Net sales rose 15% year-over-year to ¥1,025.7 billion for Q1 FY2025, driven by higher sales and favorable exchange rates.

• Operating profit increased 29% to ¥67.8 billion, despite higher labor, raw material, and development costs.

• Profit attributable to owners of the parent grew 28% to ¥111.2 billion.

Financial highlights

• Net sales: ¥1,025.8 billion, up 15.3% year-over-year.

• Operating profit: ¥67.9 billion, up 29.3% year-over-year.

• Profit before income taxes: ¥139.9 billion, up 25.3% year-over-year.

• EPS (basic/diluted): ¥358.18, up from ¥280.14.

• Comprehensive income was negative ¥252.6 billion, mainly due to a large decline in other comprehensive income.

Outlook and guidance

• FY2025 forecast: net sales ¥3,900.0 billion (+1.7%), operating profit ¥250.0 billion, profit before income taxes ¥355.0 billion, profit attributable to owners of the parent ¥260.0 billion.

• Assumed exchange rates: 148 yen/USD, 158 yen/EUR.

• Annual dividend forecast raised to ¥280 per share.