Toda (1860) Q1 2027 earnings summary

Executive summary

• Net sales rose 18.3% year-over-year to ¥155.3 billion, driven by progress in large-scale construction projects.

• Operating profit surged 82.9% year-over-year to ¥7.4 billion, with gross profit up 20.4% to ¥19.5 billion.

• Profit attributable to owners of parent increased 233.0% year-over-year to ¥11.7 billion, aided by gains on sales of investment securities.

• The company continues to execute its Medium-Term Management Plan 2027, focusing on profitability and strategic business growth.

Financial highlights

• Ordinary profit increased 74.5% year-over-year to ¥10.8 billion, supported by higher dividend income.

• Basic earnings per share for the quarter was ¥39.84, up from ¥11.80 a year earlier.

• Comprehensive income reached ¥102.0 billion, a significant increase from ¥182 million in the prior year.

• Total assets grew to ¥1,104.4 billion, up 10.6% from the previous fiscal year-end.

• Equity ratio improved to 43.6% from 39.1% at the previous year-end.

Outlook and guidance

• Full-year net sales forecast at ¥753.0 billion, up 16.6% year-over-year.

• Operating profit projected at ¥39.0 billion (+2.1%), ordinary profit at ¥40.0 billion (-9.1%), and profit attributable to owners of parent at ¥35.0 billion (-5.4%).

• Dividend forecast for FY2026 is ¥60 per share, up from ¥58 in the previous year.

• No changes to previously announced financial forecasts.