Toyota Tsusho (8015) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2025, rose 6.9% year-over-year to ¥5,414.4 billion, driven by robust global automobile production and increased sales in emerging markets.

• Operating profit increased 5.3% year-over-year to ¥261.1 billion, with profit attributable to owners of the parent up 3.0% to ¥186.9 billion, a record-high for the second quarter.

• Total comprehensive income surged to ¥290.5 billion from ¥85.4 billion a year earlier, reflecting strong operating results and improved other comprehensive income.

Financial highlights

• Gross profit increased to ¥585.9 billion from ¥542.5 billion year-over-year.

• Basic earnings per share rose to ¥177.06 from ¥171.98, adjusted for a 3-for-1 stock split.

• Total assets grew to ¥7,695.2 billion as of September 30, 2025, up from ¥7,057.5 billion at March 31, 2025.

• Net profit for 1-2Q FY2025 was ¥186.9 billion, up 5.4 billion yen year-over-year.

• Dividend per share for the full year revised up to ¥116.00.

Outlook and guidance

• Full-year profit forecast revised upward to ¥360.0 billion, with a progress ratio of 52% at the half-year mark.

• Operating profit forecast raised to ¥530 billion, and gross profit to ¥1,190 billion.

• Basic earnings per share for the full year is projected at ¥341.00.

• Dividend forecasts have been revised upward in line with improved earnings expectations.

• Assumptions for USD/JPY and EUR/JPY revised to 145 and 170, respectively.