Toyota Industries (6201) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 5% year-over-year to ¥3,166.8 billion, but operating profit fell 52% to ¥85.9 billion due to higher costs, engine certification issues, and U.S. tariffs.

• Profit before income taxes decreased 28% to ¥224.0 billion, and profit attributable to owners of the parent dropped 25% to ¥186.9 billion year-over-year.

• Comprehensive income rebounded to ¥1,251.9 billion from a loss in the prior year, driven by significant gains in the fair value of investment securities.

• Full-year forecast remains unchanged, with business segments generally progressing as planned.

Financial highlights

• Net sales for 3Q FY2026 rose 4.8% year-over-year to ¥3,166.8 billion.

• Operating profit dropped 52.5% to ¥85.9 billion compared to the same quarter last year.

• Gross profit for the period was ¥705.6 billion, down from ¥710.9 billion year-over-year.

• Earnings per share (basic and diluted) declined to ¥622.29 from ¥808.11 year-over-year.

• Net cash provided by operating activities surged to ¥285.9 billion, up from ¥72.6 billion year-over-year.

Outlook and guidance

• FY2026 full-year net sales forecast at ¥4,000.0 billion, up 2.1% year-over-year.

• Operating profit expected to decline 54.9% to ¥100.0 billion.

• Profit attributable to owners of the parent forecasted at ¥190.0 billion, a 27.6% decrease year-over-year.

• Earnings per share for the full year projected at ¥632.34.

• Forecasts are based on exchange rates of 145 yen/USD and 175 yen/EUR for Q4.