Toyo Suisan Kaisha (2875) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 3.6% year-over-year to ¥402.6 billion, with operating profit up 6.1% to ¥64.6 billion and profit attributable to owners of parent up 5.0% to ¥53.4 billion.

• All major segments contributed to growth, with overseas instant noodles and frozen & refrigerated foods showing notable increases.

• The company implemented cost reductions and aggressive sales activities amid a gradually recovering but uncertain Japanese economy.

• A change in accounting policy for overseas subsidiaries' currency conversion was applied retrospectively, impacting year-on-year comparisons.

Financial highlights

• Operating profit margin improved to 16.0% from 15.7% year-over-year.

• Ordinary profit increased 4.9% year-over-year to ¥70.8 billion.

• Gross profit margin for the period was 30.7%.

• Basic earnings per share for the nine months was ¥541.02, up from ¥505.70 in the prior year.

• Total assets at December 31, 2025, were ¥629,242 million, up from ¥594,978 million at the previous fiscal year-end.

Outlook and guidance

• The company achieved 75.3% of its full-year net sales forecast and 80.7% of its operating profit target by the third quarter.

• Full-year FY2026 forecasts remain unchanged: net sales ¥535,000 million (+4.4%), operating profit ¥80,000 million (+4.6%), ordinary profit ¥87,500 million (+2.7%), profit attributable to owners of parent ¥66,000 million (+3.4%), and EPS ¥668.29.

• No revisions to dividend or results forecasts; year-end dividend forecast is ¥120.00 per share, full-year ¥200.00 per share.