Toyota Industries (6201) Q3 2025 earnings summary

Executive summary

• Net sales rose 7% year-over-year to ¥3,022.7B for 3Q FY2025, driven by a weaker yen and higher sales in Materials Handling Equipment and Automobile segments.

• Operating profit declined 10% year-over-year to ¥180.9B due to lower unit sales in key segments and increased labor, engine certification, depreciation, and development costs.

• Profit attributable to owners of the parent increased 8% year-over-year to ¥248.3B.

• Full-year forecasts for net sales and operating profit remain unchanged, with all business segments progressing as planned.

Financial highlights

• 3Q FY2025 net sales: ¥3,022.7B (+7% YoY); operating profit: ¥180.9B (−10% YoY); profit before income taxes: ¥312.6B (+3% YoY); EPS: ¥808.11 (+9%).

• Investments in tangible assets for 3Q FY2025: ¥138.4B, up ¥18.9B year-over-year.

• Total assets decreased to ¥10,374.0B (−¥704.4B from March 2024), mainly due to lower fair value of investment securities.

• Equity attributable to owners of the parent to total assets: 53.3% as of December 31, 2024.

• Cash and cash equivalents at period end: ¥471.5B (−5% from March 2024).

Outlook and guidance

• FY2025 full-year forecast: net sales ¥3,900.0B, operating profit ¥220.0B, profit before income taxes ¥345.0B, profit attributable to owners ¥260.0B, EPS ¥849.43.

• Dividend forecast for FY2025: ¥280 per share (unchanged from previous guidance).

• Assumptions: Exchange rates of 145 yen/USD and 155 yen/EUR for Q4.