TYK (5363) Q1 2026 earnings summary

Executive summary

• Revenue increased 4.8% year-over-year to ¥8,210 million for the first quarter ended June 30, 2025, driven by steady refractory demand despite a decline in domestic crude steel production.

• Operating income rose 2.1% year-over-year to ¥1,082 million, while ordinary income declined 8.3% to ¥1,360 million.

• Net income attributable to shareholders fell 25.5% year-over-year to ¥807 million.

Financial highlights

• Gross profit for the quarter was ¥2,333 million, with a gross margin of 28.4%.

• EPS for the quarter was ¥18.16, down from ¥24.45 in the prior year.

• Total assets increased to ¥60,099 million, and net assets rose to ¥47,878 million.

• Equity ratio was 68.7%, slightly down from 69.1% at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥29,710 million, a 7.0% decrease year-over-year.

• Full-year operating income is projected at ¥3,570 million (down 20.7%), and net income at ¥2,640 million (down 15.7%).

• No changes have been made to previously announced earnings guidance.