Toyota Tsusho (8015) investor relations material

Executive summary

• Achieved record quarterly profit of 135.3 billion yen, up 38% year-over-year, driven by yen depreciation and higher market prices in resources and device-related products.

• Operating profit rose 46% year-over-year to 184.4 billion yen, with revenue up 38% to 3,570.1 billion yen.

• Comprehensive income attributable to owners reached 158.5 billion yen, up from 108.7 billion yen a year earlier.

• Revised full-year profit forecast upward to 430 billion yen, reflecting favorable business environment and FX assumptions.

Financial highlights

• Revenue increased by 976.3 billion yen (+38%) year-over-year; gross profit up 34% to 376.1 billion yen.

• Basic earnings per share increased to 130.55 yen from 93.16 yen year-over-year.

• Net cash from operating activities was negative 54.2 billion yen, with a significant outflow from financing activities due to treasury share buybacks.

• Equity attributable to owners fell to 2,587.5 billion yen, mainly due to treasury share cancellation.

• One-off gains of 3.5 billion yen, mainly from automotive dealer business in China and sale of fixed assets.

Outlook and guidance

• Full-year profit forecast revised to 430 billion yen (+8% from previous forecast), with a progress ratio of 31% after Q1.

• Basic EPS forecast for the year is 458.58 yen.

• Dividend per share forecast raised to 125 yen, with a progressive dividend policy for 18 consecutive years.

• Exchange rate assumptions updated to USD/JPY 155 and EUR/JPY 180 for FY2026.

• Segment profit forecasts raised for Circular Economy (+24%), Digital Solutions (+27%), and Africa (+5%).