Toyota Boshoku Corporation (3116) Q2 2026 earnings summary

Executive summary

• Operating profit and revenue increased year-over-year, driven by higher volumes and cost reductions in Japan and the Americas, despite negative impacts from U.S. tariffs, quality-related costs, and FX headwinds.

• Profit attributable to owners of the parent rose 29.0% year-over-year, and comprehensive income surged 231.5%.

• The financial forecast was revised, with one source noting a downward revision due to quality-related costs and tariffs, while another reported an upward revision following strong first-half results.

• Annual dividend plan remains at 86 yen, with interim and year-end dividends of 43 yen each, maintaining a DOE of 3% or more.

Financial highlights

• FY26 Q2 revenue increased 2.5% year-over-year to ¥972.2 billion.

• Operating profit grew 9.5% year-over-year to ¥37.0 billion, with a margin of 3.8%.

• Profit before income taxes rose 19.7% year-over-year to ¥39.4 billion.

• Profit attributable to owners of the parent increased 29.0% year-over-year to ¥17.4 billion.

• Earnings per share (basic) increased to ¥97.56 from ¥75.68 year-over-year.

Outlook and guidance

• FY26 full-year revenue forecast is ¥1,980.0 billion, with operating profit expected at ¥75.0 billion and profit attributable to owners of the parent at ¥45.0 billion.

• Earnings per share for the full year is projected at ¥251.97.

• Dividend per share for the full year is forecast at ¥86.00.

• Forecasts were revised, with one source noting a downward revision due to headwinds and another an upward revision after strong first-half results.