Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-171
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2027, second quarter (first half)14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,357 million-7.8%
Operating profit¥206 million-45.4%
Ordinary income¥160 million-50.8%
Net income¥87 million -56.5%interim net income attributable to owners of the parent
Gross Profit MarginMaintained at the year-earlier level (margin and change in percentage points: Not disclosed)
Results for the three months of the current quarterOperating profit in the second quarter alone was ¥405 million, revenue was ¥5,064 million and the operating margin was 8.0%. Operating profit in the year-earlier period was ¥423 million and revenue was ¥5,483 million.
Full-year earnings forecast
Net Sales
¥22,000 million
Operating profit
¥1,320 million
Ordinary income
¥1,230 million
Profit attributable to owners of the parent
¥800 million
EPS
¥126.34
ROE
7.7 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Aiming to achieve the initial plans for both revenue and operating profit. Interim-period results fell short of the initial plan for revenue, operating profit, ordinary profit and net profit.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Decrease in revenue¥-202 million
Cost increases¥-44 million
Improved profit margins, etc.¥43 million
Decrease in SG&A expenses¥19 million
Lower raw material prices¥12 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Non-residential construction floor area starts are expected to remain flat. An order backlog roughly in line with the year-earlier period has been secured. Quantified assumptions for exchange rates, raw material prices and interest rates were Not disclosed.New initiatives
- Increase sales staffing by 30 people in the Retail and Maintenance divisions
- Establishment of a specialist department responsible for product development and construction process reform
- Establishment of a new sales approach using DX
- Making the construction training center a permanent facility
- Maintaining an annual capital investment level of ¥600 million
- Significant expansion of the R&D budget
- Raising starting salaries, improving compensation for younger employees and actively promoting them
- Extension of the mandatory retirement age
Key KPIsA metric the company considers important as a management benchmark.
- First-half order intake¥10,552 millionYear on year against the same period last yearAbove the same period of the previous year
- Order backlog at the end of the first half¥10,363 millionYear on year against the same period last yearIn line with the previous fiscal year
- Maintenance services business revenue¥2,679 millionYear on year against the same period last yearAbove the year-earlier period, a record high
- Non-residential construction floor area starts index69 FY2022 = 100
Medium-term management plan targets
Plan nameTOYO ADVANCE 5
Target fiscal yearFiscal year ending March 2030
Target
Net Sales¥25.0 billion
Operating profit¥2 billion
ROE10.0%
Growth-strategy product sales¥2 billion
PER10 times year on year
Payout ratio40.0%
Strategic capital allocation¥1.5 billion
Work engagement3.20
Sense of belonging3.50
GHG Emissions1,945tCO2
Comparison with actual resultsActual results for the fiscal years ended March 2025 and March 2026 shown alongside
Financial targets
ROE
Fiscal year ending March 2027: plan7.7%
Actual results for the fiscal year ending March 20268.3%
Target, fiscal year ending March 203010.0%
Market Size / Share
Non-residential construction floor area started69 for the first half of FY2026, with FY2022 = 100
Orders received and order backlog
First-half order intake
¥10,552 million
Order backlog at the end of the first half
¥10,363 million
Number of stores and locations
2 head offices, 10 branches, 1 sales division, and 61 sales offices and maintenance service centers. The number of locations opened and closed during the period was Not disclosed.Number of employees
Number of Employees564 people consolidated, as of 30 September 2026
Changes during the period and hiring planIncrease sales staffing by 30 people in the Retail and Maintenance divisions
Capital expenditures
¥800 million annual plan
Annual Dividend
Annual dividend per share¥43
Payout ratio
40 % target for the fiscal year ending March 2030
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥9,357 million (YoY -7.8%) |
| Operating profit | ¥206 million (YoY -45.4%) |
| Ordinary income | ¥160 million (YoY -50.8%) |
| Net income | ¥87 million (interim net income attributable to owners of the parent) (YoY -56.5%) |
| Gross Profit Margin | Maintained at the year-earlier level (margin and change in percentage points: Not disclosed) |
| Results for the three months of the current quarter | Operating profit in the second quarter alone was ¥405 million, revenue was ¥5,064 million and the operating margin was 8.0%. Operating profit in the year-earlier period was ¥423 million and revenue was ¥5,483 million. |
| Full-year earnings forecast | Net Sales ¥22,000 million / Operating profit ¥1,320 million / Ordinary income ¥1,230 million / Profit attributable to owners of the parent ¥800 million / EPS ¥126.34 / ROE 7.7 % |
| Self-assessment against the plan | Aiming to achieve the initial plans for both revenue and operating profit. Interim-period results fell short of the initial plan for revenue, operating profit, ordinary profit and net profit. |
| Breakdown of Factors Affecting the Change | Decrease in revenue ¥-202 million / Cost increases ¥-44 million / Improved profit margins, etc. ¥43 million / Decrease in SG&A expenses ¥19 million / Lower raw material prices ¥12 million |
| Key KPIs | Indicator name First-half order intake / Value ¥10,552 million / Year on year against the same period last year Above the same period of the previous year, Indicator name Order backlog at the end of the first half / Value ¥10,363 million / Year on year against the same period last year In line with the previous fiscal year, Indicator name Maintenance services business revenue / Value ¥2,679 million / Year on year against the same period last year Above the year-earlier period, a record high, Indicator name Non-residential construction floor area starts index / Value 69 FY2022 = 100 / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 2 head offices, 10 branches, 1 sales division, and 61 sales offices and maintenance service centers. The number of locations opened and closed during the period was Not disclosed. |
| Number of employees | Number of Employees 564 people (consolidated, as of 30 September 2026) / Changes during the period and hiring plan Increase sales staffing by 30 people in the Retail and Maintenance divisions |
| Assumptions Underlying the Business Outlook | Non-residential construction floor area starts are expected to remain flat. An order backlog roughly in line with the year-earlier period has been secured. Quantified assumptions for exchange rates, raw material prices and interest rates were Not disclosed. |
| Medium-term management plan targets | Plan name TOYO ADVANCE 5 / Target fiscal year Fiscal year ending March 2030 / Target Net Sales ¥25.0 billion / Operating profit ¥2 billion / ROE 10.0% / Growth-strategy product sales ¥2 billion / PER 10 times year on year / Payout ratio 40.0% / Strategic capital allocation ¥1.5 billion / Work engagement 3.20 / Sense of belonging 3.50 / GHG Emissions 1,945tCO2 / Comparison with actual results Actual results for the fiscal years ended March 2025 and March 2026 shown alongside |
| Financial targets | ROE Fiscal year ending March 2027: plan 7.7% / Actual results for the fiscal year ending March 2026 8.3% / Target, fiscal year ending March 2030 10.0% |
| Annual Dividend | Annual dividend per share ¥43 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 40 % (target for the fiscal year ending March 2030) |
| Capital expenditures | ¥800 million (annual plan) |
| Orders received and order backlog | First-half order intake ¥10,552 million / Order backlog at the end of the first half ¥10,363 million |
| Market Size / Share | Non-residential construction floor area started 69 for the first half of FY2026, with FY2022 = 100 |
| New initiatives | Increase sales staffing by 30 people in the Retail and Maintenance divisions, Establishment of a specialist department responsible for product development and construction process reform, Establishment of a new sales approach using DX, Making the construction training center a permanent facility, Maintaining an annual capital investment level of ¥600 million, Significant expansion of the R&D budget, Raising starting salaries, improving compensation for younger employees and actively promoting them, Extension of the mandatory retirement age |
Items this document does not state (8)
Operating profit marginSelling, general and administrative expensesProgress against full-year forecastSegment resultsUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesKey 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.Decline in non-residential construction floor area starts, a decrease in construction starts across the industry due to work-style reforms and labor shortages, struggling heavy-duty shutter and steel door businesses, lower revenue, and higher parts procurement and other costs.
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