Toyo Suisan Kaisha (2875) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter of FY2026 rose 0.8% year-over-year to ¥1,258 billion, while operating profit declined 7.6% to ¥183 billion and profit attributable to owners of parent dropped 11.4% to ¥153 billion.

• The company implemented cost reductions and aggressive sales activities amid a competitive environment and economic uncertainty.

Financial highlights

• Ordinary profit decreased 8.1% year-over-year to ¥206 billion.

• Gross profit decreased to ¥36,520 million from ¥37,954 million year-over-year.

• Basic earnings per share were ¥153.09, down from ¥168.54 in the prior year.

• Comprehensive income fell sharply to ¥10,008 million from ¥29,980 million year-over-year.

• Equity ratio remained strong at 80.9%.

Outlook and guidance

• Full-year net sales forecast is ¥545 billion, up 6.4% year-over-year, with operating profit projected at ¥76 billion and profit attributable to owners of parent at ¥62 billion.

• No changes to previously announced forecasts; results for the first quarter were within expectations.

• Exchange rate assumptions for FY2026 are 149 yen per U.S. dollar.