Tokyo Sangyo Co., Ltd. · TSE:8070
Tokyo Sangyo — FY2025 Earnings Presentation
30 slides from Tokyo Sangyo's earnings presentation, May 29, 2026
Slide 1: Full Year FY2025 Results Briefing
Full Year FY2025 Results Briefing May 29, 2026 TOKYO SANGYO CO., LTD. ■ Thank you very much for joining us today at our financial results briefing. ■ I am Yasuo Asada, and I assumed the position of President on April 1 of this year, succeeding Mr. Kambara. Under the new management structure launched
Slide 2: Agenda
Agenda 01 Full Year FY2025 Results 02 FY2026 Plan 03 Progress on Medium-term Management Plan 04 About Tokyo Sangyo Copyright © 2023 TOKYO SANGYO CO., LTD. All Rights Reserved 2 Today, I will first present the full year FY2025 results. After that, I will update the FY2026 plan and the Progress on o
Slide 3: Full Year FY2025 Results
01 Full Year FY2025 Results 02 FY2026 Plan 03 Progress on Medium-term Management plan 04 About Tokyo Sangyo Copyright © 2023 TOKYO SANGYO CO., LTD. All Rights Reserved 3 First, I will explain the full year FY2025 results. 3
Slide 4: Results Summary: Consolidated Financial Results
Results Summary: Consolidated Financial Results Net sales remained almost flat excluding a temporary factor in the previous year Operating profit increased by ¥1.1bn YoY and exceeded plan as growth in maintenance service for thermal power plants and fuel supply business for biomass power plants cont
Slide 5: Consolidated net sales and profit commentary
■ As a result, consolidated net sales decreased by ¥7.4 billion YoY to ¥63.2 billion, but consolidated operating profit increased by ¥1.1 billion YoY to ¥3.4 billion, and profit increased by ¥0.3 billion YoY to ¥2.5 billion. ■ Consolidated net sales remained flat compared to the previous fiscal year
Slide 6: Results Summary: Financial Position
Results Summary: Financial Position (¥ in billion, unless otherwise indicated) FY2024 FY2025 YoY Major factors behind change Current assets 62.6 81.4 +18.8 • Current assets increased by ¥18.8bn YoY due to rise in advance payments to suppliers Cash and deposits 15.9 19.3 +3.4 following changes to the
Slide 7: Results Summary: Cash Flows
Results Summary: Cash Flows (¥ in billion) (CF from operating activities) Turned positive compared to the previous fiscal year, FY2024 FY2025 YoY which was essentially negative after excluding temporary factors. CF from operating (CF from investing activities) 5.3 4.7 (0.5) activities Increased
Slide 8: Financing cash flow and cash position commentary
■ Net cash used in financing activities amounted to ¥1.3 billion. This was because we limited repayment in the fiscal year under review, while in the previous fiscal year, we made significant loan repayments due to collection of receivables related to the solar-related business. ■ As a result, cash
Slide 9: Results by Business Domain
Results by Business Domain Full Year FY2025 (Consolidated) (¥ in billion, unless otherwise indicated) Reportable Environment, Chemicals, Electric Power and Electric Power Machinery Lifestyle segment YoY YoY YoY Net sales 23.8 +8.1 33.4 (164) 5.9 +0.8 Operating profit 2.18 +0.69 0.97 +0.48 0.27 +0.05
Slide 10: Results by Business Domain: (1) Thermal Power
Results by Business Domain: (1) Thermal Power Net sales and profit increased on the back of growth in the core thermal power plant-related agency business and in deliveries of auxiliary equipment and parts as well as maintenance services derived from the agency business. The role of thermal power as
Slide 11: Results by Business Domain: (2) Nuclear Power, etc.
Results by Business Domain: (2) Nuclear Power, etc. While the nuclear power agency business remained strong, operating profit, though maintaining a high level, fell slightly as profit contribution from businesses other than nuclear power declined. Backlogs increased significantly in both nuclear pow
Slide 12: Nuclear power operating profit and backlog commentary
■ Consolidated operating profit remained largely at the level achieved in the previous fiscal year, although there was a slight decline YoY. We expect FY2026 to continue to show steady growth. ■ Backlogs increased significantly in both nuclear power-related business and equipment sales to plant manu
Slide 13: Results by Business Domain: (3) Renewable Energy
Results by Business Domain: (3) Renewable Energy Net sales decreased in reaction to the delivery of the large-scale solar-related construction contracting work in the previous fiscal year. Profit increased as we began deliveries under all contracts in the fuel supply business for biomass power plant
Slide 14: FY2026 focus on fuel supply business
In FY2026, we will focus on our fuel supply business, along with projects that have been contracted or are currently in progress. We will work to ensure the steady delivery of the projects. 10
Slide 15: Results by Business Domain: (4) Production/Environmental Equipment
Results by Business Domain: (4) Production/Environmental Equipment Net sales and profit decreased in reaction to the large-scale equipment delivery by the Group’s European subsidiaries in the previous fiscal year despite successful completion of multiple large-scale contracting works for production
Slide 16: FY2026 outlook for Production/Environmental Equipment
For FY2026, we expect profit to remain at the same level as the fiscal year under review. We will actively address energy-saving, labor-saving, and environmental needs, despite a projected decline in the packaging materials business, which saw a last-minute demand at the end of the previous fiscal
Slide 17: Status by Business Domain: Orders received and Backlog
Status by Business Domain: Orders received and Backlog (Non-consolidated) ► Thermal Power : Backlog and profit increased as the agency business kept adding projects. ► Nuclear Power, etc. : Backlog and profit increased at both nuclear power-related and non-nuclear power-related businesses. It is exp
Slide 18: Orders and backlog commentary
These increases were due to efforts to complete the nuclear reprocessing plant, as well as the expansion of equipment sales driven by increased gas turbine production at our major clients. We expect these initiatives to begin contributing significantly to our earnings from FY2027. ■ In the Renewable
Slide 19: FY2026 Plan
01 Full Year FY2025 Results 02 FY2026 Plan 03 Progress on Medium-term Management plan 04 About Tokyo Sangyo Copyright © 2023 TOKYO SANGYO CO., LTD. All Rights Reserved 13 Now, I’d like to explain our plan for FY2026. 13
Slide 20: FY2026 Plan
FY2026 Plan (¥ in billion) Operating profit 40 Special Factors for Increase in (¥ in billion) FY2025 profit FY2026 factor personnel profit growth result decline plan expenses Metric FY2026 vs FY2025 35 3.5 (0.6) 30 3.0 (0.4) +0.5 25 2.5 (0.4) Consolidated 63.0 (0.2) net sales 20 2.0 3.4 2.5 15 1.5 C
Slide 21: FY2026 plan commentary
■ On the profit and loss front, we have projected a decline in profit. Through measures for growth in sales of production and environmental equipment, we plan to offset negative factors, such as the absence of one-time profit from a solar-related construction contracting work and reversal of allowan
Slide 22: Shareholder Returns
Shareholder Returns Achieved the 4% DOE target for FY2025 as planned at the beginning of the fiscal year, in line with the medium- term management plan. For FY2026, we plan to increase annual dividend by ¥2 per share to ¥40 per share. 20 19 18 18 Year-end dividends Interim dividends 18 18 19 20 (¥ p
Slide 23: Progress on Medium-term Management Plan
01 Full Year FY2025 Results 02 FY2026 Plan 03 Progress on Medium-term 03 Management plan 04 About Tokyo Sangyo Copyright © 2023 TOKYO SANGYO CO., LTD. All Rights Reserved 16 Now, I will explain the progress on our Medium-term Management Plan. 16
Slide 24: Progress on Medium-term Management Plan: Priority Strategy (Core 5)
Progress on Medium-term Management Plan: Priority Strategy (Core 5) Progress by priority strategy is as follows. Main theme of priority strategy Progress in FY2025 ► Used on-site capabilities to acquire new customer opportunities and develop new business domains in the nuclear power-related business
Slide 25: Priority strategy progress commentary
In addition, in the solar-related business, we resolved a lawsuit through a settlement in April 2026. As for contracting work related to renewable energy, we stopped accepting new orders and are working steadily on the projects currently in progress. ■ For the second item, “Creation of business cont
Slide 26: Management foundation and shareholder returns commentary
■ Regarding the fourth item, “Development of a strong management foundation,” we are placing a particular emphasis on enhancing risk management and ensuring its implementation. Additionally, for the core system restructuring project aimed at strengthening system governance, we are currently reviewin
Slide 27: About Tokyo Sangyo
01 Full Year FY2025 Results 02 FY2026 Plan 03 Progress on Medium-term Management plan 04 About Tokyo Sangyo Copyright © 2023 TOKYO SANGYO CO., LTD. All Rights Reserved 18 18
Slide 28: Company Info and History
Company Info and History Integrated trading company of machinery with a strong focus on the environment and energy, celebrating its 80th anniversary in 2027. Offering sales, maintenance, and services of various machinery, plants, materials, tools, and chemicals in Japan and overseas. Basic Informati
Slide 29: International and Domestic Networks
International and Domestic Networks As of May 29, 2026 Domestic Network International Network Guangzhou Branch Taipei Branch Fuji Branch Total 20 locations Domestic Affiliates Total 24 locations • Tokyo Sangyo Fudosan Co., Ltd. • Innovation of Social Environment Co., Ltd. • I A H Co., Ltd • Kowa Kog
Slide 30: TOKYO SANGYO CO., LTD.
TOKYO SANGYO CO., LTD. https://www.tscom.co.jp/ Contact: Corporate Planning Dept., Corporate Planning Div. Tel: +81-3-5656-0364 Fax: +81-3-3270-0680 Email: info@tscom.co.jp T Scale Up 2027 Medium-term Management Plan T-ScaleUp2027 Entering new domains for a green future We support the Sustainable De