Taiyo Holdings (4626) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 14.4% year-over-year to ¥103,742 million, driven by higher sales volumes in electronics and medical/pharmaceuticals segments, despite negative foreign exchange effects from yen appreciation.

• Operating income increased 36.4% to ¥24,571 million, and net income attributable to owners of parent rose 34.6% to ¥17,447 million.

• Comprehensive income increased 45.0% year-over-year to ¥20,317 million for the nine-month period.

• Full-year forecasts were revised upward due to strong performance in the electronics business, with actual 3Q results exceeding previous expectations.

• New floating solar power plants were launched, and a sponsorship agreement with a professional skateboarder was renewed.

Financial highlights

• 3Q cumulative net sales: ¥103,742 million, up 14.4% year-over-year; operating income: ¥24,571 million, up 36.4%; net income: ¥17,447 million, up 34.6%.

• EBITDA: ¥31,050 million, up 24% year-over-year.

• Basic earnings per share for the nine months was ¥156.93, reflecting a stock split effective December 1, 2025.

• Net assets per share increased to ¥960.21, adjusted for the stock split.

• Annual cash dividend forecast for FY2026 is ¥72.50 per share post-split, or ¥310.00 per share pre-split.

Outlook and guidance

• Full-year net sales forecast revised to ¥133,000 million (+11.8%), operating income to ¥29,600 million (+34.1%), and net income to ¥20,100 million (+86.5%).

• Electronics segment full-year sales forecast raised to ¥91,100 million (+5%), with operating income up to ¥26,500 million (+12%).

• Basic earnings per share for the full year is forecast at ¥180.75 post-split.