TOKAI (9729) investor relations material

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 7.2% year-over-year to ¥119,866 million, with operating profit up 20.4% to ¥6,830 million and ordinary profit up 18.2% to ¥7,318 million, both reaching record highs for the third quarter of FY3/26.

• Profit attributable to owners of parent increased 16.7% year-over-year to ¥5,143 million, and comprehensive income surged 63.6% to ¥6,066 million.

• Growth was driven by strong performance in the rental business, expansion in the Dispensing Pharmacy Business, and contributions from newly consolidated companies.

Financial highlights

• Gross profit for the nine-month period increased to ¥28,839 million from ¥25,931 million year-over-year.

• Basic earnings per share for the period were ¥154.51, up from ¥129.28 in the prior year.

• Net sales rose 7.2% year-over-year to ¥119,866 million in 3Q FY3/26.

• Total assets as of December 31, 2025, were ¥117,716 million, up from ¥114,289 million at the previous fiscal year-end.

• Net assets decreased to ¥83,488 million from ¥85,841 million as of March 31, 2025.

Outlook and guidance

• Full-year net sales forecast for the fiscal year ending March 31, 2026, is ¥157,976 million, a 5.6% increase year-over-year.

• Operating profit is projected at ¥8,216 million (up 0.3%), ordinary profit at ¥8,590 million (down 2.7%), and profit attributable to owners of parent at ¥5,499 million (up 16.3%).

• Basic earnings per share for the full year are forecast at ¥178.24.

• M&A is positioned as a key growth strategy, especially in elderly care equipment rental, aiming for a 10% market share nationwide.