TS TECH Co. (7313) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 10.1% year-over-year to ¥222,705 million, driven by favorable foreign exchange, higher production in the Americas and Japan, and improved model mix.

• Operating income increased 31.5% year-over-year to ¥6,677 million, with net income attributable to owners up 49.9% to ¥4,532 million.

• Comprehensive income turned negative at ¥(3,159) million, mainly due to foreign currency translation losses.

Financial highlights

• Gross profit improved to ¥28,783 million from ¥25,842 million year-over-year.

• Basic earnings per share rose to ¥36.36 from ¥23.71 year-over-year.

• Total assets decreased to ¥422,917 million, down ¥23,296 million from FY2024 year-end.

• Cash and cash equivalents declined to ¥119,895 million, mainly due to treasury stock acquisition and dividend payments.

Outlook and guidance

• Full-year FY2025 revenue forecast revised down to ¥443,000 million (down ¥7,000 million from previous), with operating income forecast at ¥17,500 million (down ¥2,500 million).

• Net income forecast remains at ¥12,000 million, with basic EPS expected at ¥98.26.

• Assumed average full-year exchange rates: USD/JPY ¥148.9, CNY/JPY ¥20.6.