Toyo Denki Seizo's operating profit rose to ¥1.07 billion in its first-quarter results for the June-August 2026 period, prompting a significant upward revision to its full-year earnings forecast. The company also announced an increase in its annual dividend and a share buyback.
Orders for railway rolling stock boosted revenue recognition, bringing operating profit in the first-quarter consolidated results to ¥1.07 billion, 2.9x the year-earlier level. As a result, the first-half operating profit forecast was raised from the previous ¥550 million to ¥1.7 billion, while the full-year operating profit forecast was raised from ¥2.6 billion to ¥3.8 billion.
Net income was upwardly revised from the previous forecast of ¥2.6 billion to ¥3.1 billion, incorporating the effects of price increases for motors and inverters for railway rolling stock. Revenue was projected at ¥42.5 billion, up 5% from the previous fiscal year, unchanged from the previous forecast.
Shareholder returns were also enhanced, with the annual dividend raised from the previous plan of ¥116 to ¥138. The company will conduct a share buyback of 150,000 shares, equivalent to 1.5% of shares outstanding, for up to ¥300 million.
The share price rose ¥498 from the previous day to ¥2,827 on the 15th, reaching the daily price limit at one point. The order backlog rose to a record ¥47.8 billion, supported by orders for projects in Indonesia and Singapore.