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Presentation materials for financial results3433TOCALO Co.,Ltd.Construction and Materials

Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue and ordinary profit exceeded the initial plan, with both reaching record highs. For the fiscal year ending March 2027, the Company expects higher revenue and profit, led by the semiconductor and FPD businesses, and plans to increase the annual dividend to ¥86.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
6509
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ended March 2026 actual results and fiscal year ending March 2027 forecast13 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥58,490 million+7.9%
Operating profit¥14,102 million+15.0%
Ordinary income¥14,745 million+17.4%
Net income¥10,060 million+25.0%
Operating profit margin24.1% for the fiscal year ended March 2026, up 1.5 percentage points year on year (22.6% for the fiscal year ended March 2025)
Full-year earnings forecast
Net Sales
¥65,000 million
Operating profit
¥15,000 million
Ordinary income
¥15,000 million
Profit attributable to owners of the parent
¥10,230 million
EPS
¥172.02
ROE
14.8 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue for the fiscal year ended March 2026 exceeded the initial plan, as did ordinary profit
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in revenue¥3,174 million
  • Decrease in variable cost ratio¥109 million
  • Increase in personnel expenses¥-502 million
  • Increase in depreciation expense¥-792 million
  • Foreign Exchange Effects¥-33 million
  • Other¥230 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Revenue from the semiconductor and FPD businesses¥31,000 million
    Year on year24.9
  • Planned capital expenditures¥10,000 million
  • Research and development costs¥1,950 million
New initiatives
  • Construction of new buildings and installation of production equipment at the Tokyo No. 2 Plant and the Kitakyushu Plant
  • Construction of a new building at Terada Kosakusho
  • Expansion of production capacity at Nippon Coating Center
  • Construction of a new plant for TCA-Arizona
  • Investment in research facilities
Key KPIsA metric the company considers important as a management benchmark.
  • EPS¥169.19
    Year on year against the same period last year+25.0%
  • ROE15.8 %
    Year on year against the same period last year+1.9%
  • Orders received¥61,823 million
    Year on year against the same period last year+10.1%
  • Order backlog¥14,843 million
    Year on year against the same period last year+30.8%
  • Equity ratio74.8 %
    Year on year against the same period last year+0.6%
Segment results
  • Thermal spraying (non-consolidated)
    Net Sales¥40,709 million (YoY +3.8%)
    Segment profit¥8,802 million (YoY -0.7%)
  • Domestic Subsidiary
    Net Sales¥2,883 million (YoY +8.6%)
    Segment profit¥331 million (YoY -4.2%)
  • Overseas Subsidiary
    Net Sales¥12,269 million (YoY +31.7%)
    Segment profit¥4,937 million (YoY +48.2%)
  • Other surface treatment
    Net Sales¥2,467 million (YoY -14.3%)
    Segment profit¥281 million (YoY -33.4%)
Medium-term management plan targets
The table of contents indicates coverage of the new medium-term management plan, “TOCALO2030,” but target figures are not disclosed
Financial targets
ROE
Target15 %
Actual results15.8 %
DOE
Target5 %
Actual results7.4 %
ROIC
Actual results13.1 %
Orders received and order backlog
Orders received
¥61,823 million
Order backlog
¥14,843 million
Capital expenditures
¥10,000 million
Annual Dividend
Fiscal year ending March 2026
Annual¥85
Interim¥37
End of period¥48
Forecast for the fiscal year ending March 2027
Annual¥86
Interim¥42
End of period¥44
Payout ratio
50.2 %
TargetConsolidated payout ratio of approximately 50%; DOE of 5% or higher
Acquisition of treasury shares
The policy is to conduct share repurchases flexibly, taking into account the business environment and financial condition. Repurchase limit, number of shares and period: not disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ended March 2026 actual results and fiscal year ending March 2027 forecast
Net Sales¥58,490 million (YoY +7.9%)
Operating profit¥14,102 million (YoY +15.0%)
Ordinary income¥14,745 million (YoY +17.4%)
Net income¥10,060 million (YoY +25.0%)
Operating profit margin24.1% for the fiscal year ended March 2026, up 1.5 percentage points year on year (22.6% for the fiscal year ended March 2025)
Full-year earnings forecastNet Sales ¥65,000 million / Operating profit ¥15,000 million / Ordinary income ¥15,000 million / Profit attributable to owners of the parent ¥10,230 million / EPS ¥172.02 / ROE 14.8 %
Self-assessment against the planRevenue for the fiscal year ended March 2026 exceeded the initial plan, as did ordinary profit
Segment resultsSegment Thermal spraying (non-consolidated) / Net Sales ¥40,709 million (YoY +3.8%) / Segment profit ¥8,802 million (YoY -0.7%), Segment Domestic Subsidiary / Net Sales ¥2,883 million (YoY +8.6%) / Segment profit ¥331 million (YoY -4.2%), Segment Overseas Subsidiary / Net Sales ¥12,269 million (YoY +31.7%) / Segment profit ¥4,937 million (YoY +48.2%), Segment Other surface treatment / Net Sales ¥2,467 million (YoY -14.3%) / Segment profit ¥281 million (YoY -33.4%)
Breakdown of Factors Affecting the ChangeFactors Increase in revenue / Amount ¥3,174 million, Factors Decrease in variable cost ratio / Amount ¥109 million, Factors Increase in personnel expenses / Amount ¥-502 million, Factors Increase in depreciation expense / Amount ¥-792 million, Factors Foreign Exchange Effects / Amount ¥-33 million, Factors Other / Amount ¥230 million
Key KPIsIndicator name EPS / Value ¥169.19 / Year on year against the same period last year ¥25, Indicator name ROE / Value 15.8 % / Year on year against the same period last year 1.9 %, Indicator name Orders received / Value ¥61,823 million / Year on year against the same period last year ¥10.1 million, Indicator name Order backlog / Value ¥14,843 million / Year on year against the same period last year ¥30.8 million, Indicator name Equity ratio / Value 74.8 % / Year on year against the same period last year 0.6 %
Assumptions Underlying the Business OutlookItem Revenue from the semiconductor and FPD businesses / Value ¥31,000 million / Year on year ¥24.9 million, Item Planned capital expenditures / Value ¥10,000 million, Item Research and development costs / Value ¥1,950 million
Medium-term management plan targetsThe table of contents indicates coverage of the new medium-term management plan, “TOCALO2030,” but target figures are not disclosed
Financial targetsROE Target 15 % / Actual results 15.8 % / DOE Target 5 % / Actual results 7.4 % / ROIC Actual results 13.1 %
Annual DividendFiscal year ending March 2026 Annual ¥85 / Interim ¥37 / End of period ¥48 / Forecast for the fiscal year ending March 2027 Annual ¥86 / Interim ¥42 / End of period ¥44
Payout ratioValue 50.2 % / Target Consolidated payout ratio of approximately 50%; DOE of 5% or higher
Acquisition of treasury sharesThe policy is to conduct share repurchases flexibly, taking into account the business environment and financial condition. Repurchase limit, number of shares and period: not disclosed
Capital expenditures¥10,000 million
Orders received and order backlogOrders received ¥61,823 million / Order backlog ¥14,843 million
New initiativesConstruction of new buildings and installation of production equipment at the Tokyo No. 2 Plant and the Kitakyushu Plant, Construction of a new building at Terada Kosakusho, Expansion of production capacity at Nippon Coating Center, Construction of a new plant for TCA-Arizona, Investment in research facilities
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For the fiscal year ended March 2026, higher revenue from thermal spray processing (non-consolidated) and overseas subsidiaries, a lower variable cost ratio, subsidy income, and a decrease in inventory valuation losses pushed up ordinary profit. In contrast, increases in personnel expenses, depreciation and amortization, and R&D expenses weighed on profit. For the fiscal year ending March 2027, continued strength in the semiconductor and FPD businesses is expected to be the main driver of revenue growth, while wage increases, higher headcount, capital investment, and foreign exchange effects are expected to weigh on profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026 | TOCALO Co.,Ltd. (3433) timely disclosure | Komori