TYK (5363) Q2 2026 earnings summary

Executive summary

• Revenue increased 2.8% year-over-year to ¥16,074 million for the six months ended September 30, 2025, driven by steady refractory demand despite a decline in domestic crude steel production.

• Operating profit declined 10.9% year-over-year to ¥1,904 million due to higher cost of sales and increased SG&A expenses.

• Net income attributable to shareholders decreased 10.1% year-over-year to ¥1,364 million.

• Comprehensive income surged to ¥3,291 million, up 449.4% year-over-year, mainly due to valuation gains on securities.

Financial highlights

• Gross profit was ¥4,382 million, down from ¥4,491 million year-over-year.

• Ordinary profit fell 2.7% year-over-year to ¥2,301 million.

• Total assets increased to ¥62,462 million from ¥59,169 million at the previous fiscal year-end.

• Equity ratio improved slightly to 69.3%.

• EPS for the period was ¥30.71, down from ¥34.24 year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥30,500 million, a 4.5% decrease year-over-year.

• Operating profit forecast revised down 20.1% to ¥3,600 million; net income forecast at ¥2,940 million, down 6.1%.

• Dividend forecast for the year revised to ¥19.90 per share.