Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Sales of solar cells and panels to the United States and Asia, 4 GW of production capacity at the Ethiopian plant, the new plant in the United States, and expanded sales through major domestic mass retailers contributed to results. Profit was affected by a ¥2,120 million foreign exchange gain in the fourth quarter, an impairment loss of ¥869 million on solar power plants and other assets, correction-related expenses of ¥272 million, special investigation expenses of ¥181 million, and an income tax adjustment of ¥680 million, among other items.
It is stated that events or conditions exist that raise substantial doubt about the going concern assumption and that a material uncertainty exists regarding the going concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥120,169 million (YoY +91.3%) |
| Operating profit | ¥13,928 million (YoY +445.7%) |
| Ordinary income | ¥12,497 million (YoY +409.2%) |
| Profit attributable to owners of the parent | ¥7,722 million |
| Net income per share | ¥409.76 |
| Operating Margin | 11.6% |
| Equity ratio | End of the current fiscal period 24.7% / End of previous period 15.6% |
| Total assets | ¥168,904 million |
| Net assets | ¥52,285 million |
| Cash flows from operating activities | ¥24,413 million |
| Cash flows from investing activities | ¥-9,573 million |
| Cash flows from financing activities | ¥-17,308 million |
| Cash and cash equivalents at end of period | ¥22,573 million |
| Full-year earnings forecast | Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income To be determined |
| Annual Dividend Forecast | ¥3 → To be determined |
| Payout ratio | 0.7% |
| Shareholder Return Policy | No numerical target disclosed. The basic policy is to provide stable dividends. |
| Segment revenue | Solar Panel Manufacturing Business ¥111,768 million, Green Energy Business ¥7,879 million, Other ¥522 million |
| Segment profit | Solar Panel Manufacturing Business ¥13,952 million, Green Energy Business ¥803 million, Other ¥-139 million |
| Depreciation and amortization | ¥6,429 million |
| Impairment loss | ¥869 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥4,306 million, Gain on sale of investment securities ¥14 million, Gain on reversal of subscription rights to shares ¥156 million, Other ¥32 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥0 million, Impairment Losses ¥869 million, Correction-Related Costs ¥272 million, Special investigation costs ¥181 million, Extraordinary loss associated with repayment of installment liabilities ¥99 million, Other ¥70 million |
| Disclosure regarding the going concern assumption | It is stated that events or conditions exist that raise substantial doubt about the going concern assumption and that a material uncertainty exists regarding the going concern assumption. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name TOYO SOLAR CLEAN ENERGY COMPANY LIMITED / Excluded Number of companies 1 / Company name 角田電熱開発匿名組合事業 |
| Material subsequent events | The filing describes a share repurchase, reductions in stated capital and the capital reserve, and the construction of a new solar cell plant in Texas, United States. The share repurchase is limited to 4,000,000 shares and ¥2,000 million in total. The new plant will require an investment of USD 357 million, have production capacity of 1.5 GW, and is scheduled to begin construction in April 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 19,033,193 |
| Treasury Shares at Period-End | 82,551 |
| Factors Behind Changes in Business Performance | Sales of solar cells and panels to the United States and Asia, 4 GW of production capacity at the Ethiopian plant, the new plant in the United States, and expanded sales through major domestic mass retailers contributed to results. Profit was affected by a ¥2,120 million foreign exchange gain in the fourth quarter, an impairment loss of ¥869 million on solar power plants and other assets, correction-related expenses of ¥272 million, special investigation expenses of ¥181 million, and an income tax adjustment of ¥680 million, among other items. |
Items this document does not state (3)
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.Sales of solar cells and panels to the United States and Asia, increased production capacity at the Ethiopian plant, the start-up of a new plant in the United States, and expanded sales through major domestic mass retailers contributed to results. Ordinary profit benefited from a ¥2,120 million foreign exchange gain in the fourth quarter, while net income attributable to owners of the parent was affected by an impairment loss of ¥869 million, correction-related expenses of ¥272 million, special investigation expenses of ¥181 million, and an income tax adjustment of ¥680 million, among other items. The reason for leaving the forecast for the next fiscal year undetermined is that the Company is considering governance improvements, including the restructuring of overseas subsidiaries, making reasonable forecasting and disclosure difficult.