Toyota Boshoku Corporation (3116) Q1 2026 earnings summary

Executive summary

• Operating profit rose due to higher volumes in Japan and the Americas, new product launches, and internal cost improvements, despite increased overhead from a new plant.

• Revenue for the three months ended June 30, 2025, decreased by 1.7% year-over-year to ¥4,796 billion, mainly due to foreign exchange impacts despite higher production volumes in key regions.

• Profit attributable to owners of the parent increased 24.2% year-over-year to ¥108 billion.

• Comprehensive income dropped sharply to ¥9.3 billion from ¥32.1 billion a year earlier, mainly due to negative foreign currency translation effects.

• Annual financial forecasts remain unchanged, with internal efforts expected to offset negative impacts such as tariffs and market fluctuations.

Financial highlights

• Q1 FY2026 revenue was ¥4,796 billion, down 1.7% year-over-year; operating profit was ¥187 billion, up 12.0%.

• Profit before income taxes increased 2.6% to ¥189 billion; profit attributable to owners rose 24.2% to ¥108 billion.

• Earnings per share (basic) rose to ¥60.48 from ¥48.73 year-over-year.

• Net cash provided by operating activities increased to ¥39.8 billion from ¥38.6 billion year-over-year.

• Total assets as of June 30, 2025, were ¥1,072.5 billion, down from ¥1,094.8 billion at March 31, 2025.

Outlook and guidance

• FY2026 revenue forecast is ¥20,000 billion, with operating profit expected at ¥800 billion (4.0% margin).

• Profit before income taxes forecasted at ¥830 billion; profit attributable to owners at ¥500 billion.

• Annual dividend plan is ¥86 per share, maintaining a DOE of 3% or more.

• Exchange rate assumptions: 1USD = ¥145, 1EUR = ¥160, 1THB = ¥4.3, 1CNY = ¥20.0.

• No changes have been made to the previously disclosed forecasts.