TYK (5363) Q2 2025 earnings summary

Executive summary

• Revenue increased 3.2% year-over-year to ¥15,642 million for the six months ended September 30, 2024, driven by steady refractory demand despite a decline in domestic crude steel production.

• Operating income rose 28.3% year-over-year to ¥2,138 million, with net income attributable to shareholders up 11.0% to ¥1,517 million.

• Profitability improved due to better sales mix and cost reductions, offsetting negative currency effects.

Financial highlights

• Gross profit increased to ¥4,491 million from ¥3,891 million year-over-year.

• Operating margin improved, with operating income at ¥2,138 million (28.3% increase year-over-year).

• Ordinary income reached ¥2,365 million, up 8.0% year-over-year.

• Net income attributable to shareholders was ¥1,517 million, up 11.0% year-over-year.

• EPS for the period was ¥34.24, compared to ¥30.86 in the prior year.

Outlook and guidance

• Full-year revenue forecast revised to ¥30,630 million (2.1% increase year-over-year).

• Operating income projected at ¥3,470 million (9.0% increase), net income at ¥2,550 million (7.2% increase), and EPS at ¥57.50.

• Dividend forecast raised to ¥17.30 per share for the year.