Toyota Industries (6201) Q4 2026 earnings summary

Executive summary

• Net sales increased 7.0% year-over-year to ¥4,369.5 billion, driven by Materials Handling Equipment and Automobile segments, despite global economic uncertainties and favorable exchange rates.

• Operating profit declined 38.2% to ¥137.0 billion due to higher engine certification, labor, R&D, and tariff-related costs.

• Profit attributable to owners fell 14.7% to ¥223.7 billion, while comprehensive income rebounded to ¥1,930.7 billion, reflecting significant FVTOCI asset revaluation.

• Shares are scheduled for delisting on June 1, 2026, following a successful tender offer by Toyota Asset Preparatory Co., Ltd.

Financial highlights

• Net sales: ¥4,369.5 billion (+7.0% YoY); Operating profit: ¥137.0 billion (–38.2% YoY); Profit before tax: ¥279.1 billion (–20.6% YoY); Net profit: ¥223.7 billion (–14.7% YoY).

• EPS (basic/diluted): ¥744.75; ROE: 3.8%; Operating margin: 3.1%.

• Comprehensive income surged to ¥1,930.7 billion from a loss of ¥938.1 billion last year, mainly due to FVTOCI asset revaluation.

• Cash and cash equivalents at year-end: ¥495.8 billion (+31% YoY).

• Year-end dividend per share was ¥0, down from ¥140, with a payout ratio of 32.7%.

Outlook and guidance

• No forecast for FY2027 due to scheduled delisting and change in ownership.