Toyobo’s consolidated ordinary profit for the cumulative second quarter of the current fiscal year rose 50.1% year on year to ¥15.0 billion. The full-year ordinary profit forecast was revised upward to ¥22.1 billion, while net profit was revised downward to ¥4.0 billion.
Toyobo announced its earnings summary report on 9 November, reporting that consolidated ordinary profit for the cumulative second quarter (April–September) of the fiscal year ending March 2027 rose to ¥15.0 billion. This represented an increase of approximately 50% year on year, with the relationship to net sales and other indicators also drawing attention.
The full-year earnings forecast was revised upward from the previous forecast of ¥18.5 billion to ¥22.1 billion. Based on the revised forecast, ordinary profit is expected to increase 19.5% from the previous fiscal year, when it was ¥22.8 billion. Net profit, however, was sharply revised downward from ¥7.0 billion to ¥4.0 billion, and is expected to decline by approximately 64%.
Based on the latest first-half results and the underlying assumptions, second-half ordinary profit is projected at ¥7.0 billion, which works out to an approximately 45% year-on-year decline for the second half. As a result, some observers believe that differences remain in the earnings structure for the full fiscal year.
Ordinary profit for the July–September quarter was ¥8.46 billion, up 46.2% year on year, and the figures also suggested an improvement in the gross profit margin on sales. Although earnings are recovering, the full-year net profit forecast continues to be revised downward, drawing attention to the detailed trends in the figures reported in future quarterly results.