Back to Articles
81512026 Q1PrimeJGAAP

TOYO (8151) FY2026 Q1 Earnings Report

For FY2026 Q1, revenue came to ¥6.6B (+6.8% year on year) and operating loss ¥181.0M. The segment drivers and cash flow follow.

TOYO Corporation

Commercial & Wholesale Trade/Wholesale Trade


Financial Highlights

  • Net Sales: ¥6.65B
  • Operating Income: ¥-181M
  • Net Income: ¥-122M
  • EPS: ¥-5.66

Income Statement

ItemCurrentPriorYoY %
Net Sales¥6.65B¥6.22B+6.8%
Cost of Sales¥3.61B¥3.52B+2.7%
Gross Profit¥3.03B¥2.71B+12.1%
SG&A Expenses¥3.22B¥2.89B+11.3%
Operating Income−¥181M−¥182M+0.5%
Non-operating Income¥149M¥142M+5.2%
Non-operating Expenses¥5M¥47M−89.7%
Ordinary Income−¥36M−¥87M+58.6%
Profit Before Tax−¥36M−¥75M+52.5%
Income Tax Expense¥86M¥62M+39.7%
Net Income−¥122M−¥137M+11.0%
Net Income Attributable to Owners−¥122M−¥134M+9.0%
Total Comprehensive Income¥195M¥136M+43.4%
Interest Expense¥4M¥4M+15.9%
Basic EPS−¥5.66−¥6.26+9.6%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥20.33B¥19.49B+¥838M
Cash and Deposits¥3.71B¥3.66B+¥53M
Accounts Receivable¥4.60B¥5.40B−¥804M
Inventories¥5.19B¥3.79B+¥1.41B
Non-current Assets¥20.43B¥20.45B−¥16M
Property, Plant & Equipment¥12.92B¥12.90B+¥21M
Intangible Assets¥2.38B¥2.39B−¥4M
Goodwill¥1.52B¥1.48B+¥34M
Investment Securities¥2.52B¥2.39B+¥125M
Total Assets¥40.76B¥39.94B+¥821M
Current Liabilities¥12.24B¥10.81B+¥1.43B
Accounts Payable¥2.51B¥1.74B+¥761M
Short-term Loans¥3.50B¥2.70B+¥800M
Non-current Liabilities¥1.00B¥1.01B−¥2M
Total Liabilities¥13.25B¥11.82B+¥1.43B
Total Equity¥27.51B¥28.12B−¥607M
Capital Stock¥4.16B¥4.16B¥0
Capital Surplus¥4.62B¥4.62B+¥8M
Retained Earnings¥23.90B¥24.87B−¥962M
Treasury Stock−¥5.80B−¥5.83B+¥30M
Owners' Equity¥27.39B¥28.00B−¥609M
Working Capital¥8.09B--

Profitability Ratios

ItemValue
Net Profit Margin−1.8%
Gross Profit Margin45.7%
Current Ratio166.1%
Quick Ratio123.6%
Debt-to-Equity Ratio0.48x
Interest Coverage Ratio−42.61x
Effective Tax Rate−241.3%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+6.8%
Total Comprehensive Income YoY Change+43.0%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)26.09M shares
Treasury Stock4.51M shares
Average Shares Outstanding21.55M shares
Book Value Per Share¥1,275.42

Segment Information

SegmentRevenueOperating Income
AdvancedMobility¥1.60B−¥16M
DefenseAndSecurityOcean¥184M−¥101M
ElectromagneticCompatibilityAntennaSystems¥1.07B¥56M
InformationAndCommunicationsTechnologiesInformationSecurities¥1.73B¥89M
Others¥262M−¥23M
SoftwareQualityAndProductivity¥501M¥75M
SustainableEnergy¥1.30B¥192M

Full Year Forecast

ItemForecast
Net Sales Forecast¥39.00B
Operating Income Forecast¥3.60B
Ordinary Income Forecast¥3.70B
Net Income Attributable to Owners Forecast¥2.60B
Basic EPS Forecast¥120.66
Dividend Per Share Forecast¥70.00