TYK (5363) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, was ¥23,907 million, up 0.8% year-over-year, driven by steady refractory demand despite a decline in domestic crude steel production.

• Operating income decreased 23.1% year-over-year to ¥2,546 million due to a worsening cost ratio from changes in sales composition.

• Net income attributable to shareholders rose 9.8% year-over-year to ¥2,482 million, reflecting improved non-operating and extraordinary items.

• Comprehensive income surged 155.7% year-over-year to ¥5,744 million, mainly from gains in securities valuation.

Financial highlights

• Gross profit for the period was ¥6,256 million, with an operating margin of 10.7%.

• Ordinary income fell 13.4% year-over-year to ¥3,333 million.

• EPS for the period was ¥55.87, up from ¥50.99 in the prior year.

• Total assets increased to ¥64,224 million, and net assets to ¥51,966 million, with an equity ratio of 70.4%.

Outlook and guidance

• Full-year revenue is forecast at ¥30,500 million, down 4.5% year-over-year.

• Operating income is projected at ¥3,600 million (down 20.1%), and net income at ¥2,940 million (down 6.1%).

• No changes have been made to the previously announced earnings forecast.