Toyota Industries (6201) Q1 2026 earnings summary

Executive summary

• Net sales for 1Q FY2026 were ¥990.5B, down 3–3.4% YoY; operating profit was ¥52.4B, down 22.8–23% YoY; profit attributable to owners was ¥102.4B, down 7.9–8% YoY.

• Declines in profit were due to lower unit sales, higher labor costs, adverse exchange rates, U.S. tariffs, and increased depreciation, partially offset by gains on subsidiary share sales.

• All business segments are progressing mostly as planned, and the initial full-year forecast remains unchanged.

Financial highlights

• Gross profit for the quarter was ¥228.0B, down from ¥245.3B YoY.

• Earnings per share (basic and diluted) were ¥340.91, compared to ¥358.18 in the prior year.

• Comprehensive income improved to ¥69.2B from a loss of ¥252.6B in the previous year.

• Cash and cash equivalents increased to ¥452.1B, up 19% from the previous fiscal year-end.

• Profit before income taxes: ¥121.0B, down 13.4% YoY.

Outlook and guidance

• Full-year FY2026 forecast: net sales ¥4,000.0B (down 2.1% or up 2.1%), operating profit ¥180.0B (down 18.8%), profit attributable to owners ¥240.0B (down 8.5%).

• Exchange rate assumptions for FY2026: USD/JPY 153, EUR/JPY 164; after Q2, ¥135/USD and ¥155/EUR.

• Each business segment is progressing as planned and the full-year forecast remains unchanged.