Toagosei (4045) investor relations material

Executive summary

• Net sales for 1H FY2026 rose 2.6% year-over-year to ¥82,405 million, with operating income up 12.7% to ¥7,912 million and net income attributable to owners up 5.3% to ¥6,019 million.

• Operating income margin improved to 9.6% from 8.7% year-over-year.

• Comprehensive income for the period was ¥11,147 million, up from ¥4,343 million in the prior year.

• Interim dividend increased to ¥36.0 per share, with annual dividend forecast at ¥72.0.

Financial highlights

• Ordinary profit for 1H FY2026 increased 14.4% year-over-year to ¥8,580 million.

• Net income per share rose 9.3% to ¥56.56.

• Total assets as of June 30, 2026, were ¥296,711 million, up from ¥289,105 million at the end of 2025.

• Net assets increased to ¥220,995 million, with a net worth ratio of 74.1%.

• 2Q FY2026 net sales grew 8.0% year-over-year, but net income attributable to owners declined 12.7%.

• EBITDA for FY2026 is forecast at ¥28.1 billion, with net income per share at ¥62.43.

Outlook and guidance

• Full-year FY2026 net sales forecast at ¥170,000 million, up ¥7,687 million year-over-year.

• Operating income projected to rise to ¥15,500 million, with a margin of 9.1%.

• Ordinary profit forecast at ¥16,300 million, up 8.2% year-over-year.

• Net income attributable to owners forecast at ¥11,800 million, down ¥966 million year-over-year.

• Basic earnings per share for the year is forecast at ¥111.22.

• Dividend per share for FY2026 forecast at ¥72.0, up ¥7.0 year-over-year.