Toyota Industries (6201) Q2 2025 earnings summary

Executive summary

• Net sales increased 10% year-over-year to ¥2,015.4 billion, driven by favorable exchange rates and higher sales, despite lower unit sales in some segments.

• Operating profit rose 3% to ¥126.3 billion, with profit attributable to owners up 6% to ¥147.4 billion.

• Interim dividend set at ¥140 per share, with annual dividend planned at ¥280 per share.

• Comprehensive income turned negative at ¥(1,082.9) billion due to a decline in investment securities' fair value.

• Full-year financial forecast revised downward due to weaker market trends than initially anticipated.

Financial highlights

• FY2025 2Q net sales rose 9.7% YoY to ¥2,015.4 billion; operating profit up 3.5% to ¥126.3 billion.

• Profit before income taxes increased 6.8% YoY to ¥192.8 billion; profit attributable to owners up 6.2% to ¥147.4 billion.

• Basic EPS rose to ¥477.47 from ¥447.08 in the prior year period.

• Dividends per share increased from ¥100 to ¥140 YoY.

• Total assets decreased to ¥9,295.9 billion from ¥11,078.5 billion at prior fiscal year-end.

Outlook and guidance

• FY2025 full-year net sales forecast at ¥3,900.0 billion, up 1.7% YoY; operating profit forecast at ¥220.0 billion, up 9.8%.

• Profit attributable to owners forecast at ¥245.0 billion, up 7.1% YoY; annual dividend forecast at ¥280 per share.

• Basic EPS forecast for FY2025: ¥800.39.

• Forecast revised downward from previous plan due to weaker market trends.

• Assumptions: exchange rates of ¥145/USD and ¥155/EUR for the remainder of the year.