Second Quarter Financial Results （PDF:401.7KB）

About this update from Toyota Boshoku Corp.

Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. October 31, 2025 Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under IFRS) Company name: Toyota Boshoku Corporation Listing: Tokyo Stock Exchange / Nagoya Stock Exchange Securities code: 3116 URL: https://www.toyota-boshoku.com/global/ Representative: Masayoshi Shirayanagi President Inquiries: Masataka Asano Division General Manager, Accounting & Finance Division Telephone: +81-566-26-0313 Scheduled date to commence dividend payments: November 26, 2025 Scheduled date to file semi-annual securities report: November 12, 2025 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for analysts and institutional investors) (Yen amounts are rounded down to millions, unless otherwise noted.) Consolidated financial results for the Six Months Ended September 30, 2025 (from April 1, 2025 to September 30, 2025) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Revenue Operating profit Profit before income taxes Profit for the period Profit attributable to owners of the parent Comprehensive income Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2025 972,279 2.5 37,041 9.5 39,428 19.7 21,974 17.4 17,423 29.0 28,279 231.5 September 30, 2024 948,165 (1.6) 33,837 (31.8) 32,926 (40.2) 18,724 (45.0) 13,506 (53.3) 8,531 (84.1) Earnings per share attributable to owners of the parent - Basic Earnings per share attributable to owners of the parent - Diluted Six months ended Yen Yen September 30, 2025 97.56 97.53 September 30, 2024 75.68 75.66 Consolidated financial position Total assets Total equity Equity attributable to owners of the parent Ratio of equity attributable to owners of the parent As of Millions of yen Millions of yen Millions of yen % September 30, 2025 1,101,960 503,456 462,601 42.0 March 31, 2025 1,094,831 490,067 447,420 40.9 Cash dividends Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2025 - 43.00 - 43.00 86.00 Fiscal year ending March 31, 2026 - 43.00 Fiscal year ending March 31, 2026 (Forecast) - 43.00 86.00 (Note) Changes in the forecasted cash dividends in this quarter: None Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026) Percentages indicate year-on-year changes Revenue Operating profit Profit before income taxes Profit attributable to owners of the parent Earnings per share attributable to owners of the parent - Basic Full year Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 1,980,000 1.3 75,000 76.9 80,000 69.9 45,000 169.1 251.97 (Note) Changes in the forecast of consolidated financial results in this quarter: Yes Notes Changes in significant subsidiaries during the Six Months Ended of September 30, 2025 (changes in specified subsidiaries resulting in the change in scope of consolidation): Newly included: - company (Company name) Excluded: - companies (Company name) None Changes in accounting policies and changes in accounting estimates Changes in accounting policies required by IFRS: None Changes in accounting policies due to other reasons: None Changes in accounting estimates: None Number of shares issued (common shares) As of September 30, 2025 187,665,738 shares As of March 31, 2025 187,665,738 shares As of September 30, 2025 9,005,808 shares As of March 31, 2025 9,023,517 shares Total number of shares issued at the end of the period (including treasury shares) Number of treasury shares at the end of the period Average number of shares issued during the period (cumulative from the beginning of the fiscal year) Six months ended September 30, 2025 178,592,852 shares Six months ended September 30, 2024 178,473,345 shares *Review of the Japanese-language originals of the attached consolidated semi-annual financial statements by certified public accountants or an audit firm: None *Explanation on the proper use of the forecast on financial results, and other information (Cautionary statement regarding forward-looking statements) This report contains forward-looking statements based on information available to the Company as of the date hereof and assumptions which it believes are reasonable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, therefore do not represent any guarantees of future performance. For more information on forecasts, please see "(3) Explanation of Consolidated Forecasts and Other Forward-Looking Information" under "1. Qualitative Information on the Financial Results" on page 2 of the appendix to this consolidated financial report. (How to obtain supplementary financial results material) Supplementary financial material will be posted on the Company's website on October 31, 2025(JST) (Appendix) Contents Qualitative Information on the Financial Results 2 Explanation of Business Results… 2 Explanation of Financial Position 2 Explanation of Consolidated Forecasts and Other Forward-Looking Information 2 Consolidated Financial Statements and Notes 3 Consolidated Statement of Financial Position 3 Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 5 Consolidated Statement of Changes in Equity 7 Consolidated Statement of Cash Flows 9 Notes on Consolidated Financial Statements 11 （Notes on Going Concern Assumption） 11 （Segment Information） 11 - 1 - Qualitative Information on the Financial Results Explanation of Business Results For the Six months ended September 30, 2025, revenue increased by ¥24.1 billion or 2.5%, year over year, to ¥972.2 billion due to an increase in production volume in regions such as Japan and North, Central, and South America, despite the impact of foreign exchange rates. Operating profit increased by ¥3.2 billion or 9.5%, year over year, to ¥37.0 billion. Profit before income taxes increased by ¥6.5 billion or 19.7%, year over year, to ¥39.4 billion. Profit attributable to the owners of the parent increased by ¥3.9 billion or 29.0%, year over year, to ¥17.4 billion. These are mainly due to an increase in production volume and cost reduction. Results by segment are as follows. Japan Revenue in Japan increased by ¥10.5 billion or 2.3%, year over year, to ¥463.6 billion due to an increase in production volume. Operating profit increased by ¥3.8 billion or 105.2%, year over year, to ¥7.6 billion due to an increase in production volume and new products despite an increase in overhead costs. North, Central and South America Revenue in North, Central and South America increased by ¥23.4 billion or 9.7%, year over year, to ¥264.2 billion due to an increase in production volume. Operating profit was ¥1.2 billion (¥0.3 billion Operating loss in the same period of the previous fiscal year) due to an increase in production volume and cost reduction, despite the impact of tariffs and quality-related costs. China Revenue in China decreased by ¥14.5 billion or 12.9%, year over year, to ¥98.0 billion due to the impact of foreign exchange rates. Operating profit decreased by ¥1.7 billion or 18.2%, year over year, to ¥8.0 billion due to the impact of foreign exchange rates and decrease in production volume. Asia Revenue in Asia increased by ¥4.1 billion or 3.0%, year over year, to ¥144.2 billion due to an increase in production volume. Operating profit increased by ¥0.4 billion or 2.3%, year over year, to ¥18.7 billion due to cost reduction and increase in production volume. Europe and Africa Revenue in Europe and Africa decreased by 1.8 billion or 3.3%, year over year, to ¥55.5 billion due to a decrease in production volume. Operating profit decreased by ¥0.6 billion or 29.9%, year over year, to ¥1.5 billion due to the effects of decreased production volume and market fluctuations despite cost reduction and the impact of foreign exchange rates. Explanation of Financial Position Total assets As of September 30, 2025, increased by ¥7.1 billion to ¥1,101.9 billion due to an increase in property, plant and equipment. The total for liabilities decreased by ¥6.2 billion to ¥598.5 billion year over year. The main factor was a decrease in trade and other payables. Equity increased by ¥13.3 billion to ¥503.4 billion mainly due to the recording of profit attributable to owners of the parent. Explanation of Consolidated Forecasts and Other Forward-Looking Information As for the forecast of financial results for the fiscal year ending March 31, 2026, reflecting the results of the second quarter, and customer sales trends from the third quarter onwards, the Company expects revenue to be ¥1,980.0 billion, operating profit of ¥75.0 billion, profit before income taxes to be ¥80.0 billion, profit attributable to owners of the parent to be ¥45.0 billion. These forecasts have been revised from those disclosed on July 31, 2025. The exchange rates assumption is 1USD= ¥145, 1EUR= ¥170, 1THB= ¥4.5, and 1CNY= ¥20.3. The above contains statements based on information currently available to the Company as of the time hereof and assumptions which it believes are reasonable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, therefore do not represent any guarantees of future performance. Consolidated Financial Statements and Notes Consolidated Statement of Financial Position (Millions of yen) As of March 31, 2025 As of September 30, 2025 Assets Current assets Cash and cash equivalents 249,721 249,642 Trade and other receivables 290,236 282,668 Inventories 87,142 95,661 Other financial assets 19,191 23,032 Income taxes receivable 7,882 5,045 Other current assets 14,457 15,005 Total current assets 668,631 671,054 Non-current assets Property, plant and equipment 317,221 320,679 Goodwill 4,938 4,928 Intangible assets 19,548 18,392 Investments accounted for using the equity method 14,002 14,483 Other financial assets 33,923 36,225 Deferred tax assets 32,846 32,626 Other non-current assets 3,719 3,569 Total non-current assets 426,199 430,905 Total assets 1,094,831 1,101,960 (Millions of yen) As of March 31, 2025 As of September 30, 2025 Liabilities and equity Liabilities Current liabilities Trade and other payables 234,869 208,099 Bonds and borrowings 20,787 42,494 Other financial liabilities 5,149 6,154 Income taxes payable 14,836 14,234 Provisions 7,155 12,292 Other current liabilities 104,653 107,541 Total current liabilities 387,452 390,816 Non-current liabilities Bonds and borrowings 146,531 135,000 Other financial liabilities 7,338 8,189 Retirement benefit liability 55,075 55,359 Provisions 713 714 Deferred tax liabilities 5,000 5,667 Other non-current liabilities 2,652 2,755 Total non-current liabilities 217,311 207,687 Total liabilities 604,763 598,503 Equity Share capital 8,400 8,400 Capital surplus 3,245 3,245 Retained earnings 397,533 406,788 Treasury shares (21,211) (21,169) Other components of equity 59,452 65,337 Total equity attributable to owners of the parent 447,420 462,601 Non-controlling interests 42,647 40,855 Total equity 490,067 503,456 Total liabilities and equity 1,094,831 1,101,960 Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income (Millions of yen) Six months ended Six months ended September 30, 2024 September 30, 2025 Revenue 948,165 972,279 Cost of sales 849,927 870,161 Gross profit 98,237 102,118 Selling, general and administrative expenses 64,492 66,551 Other income 2,813 3,147 Other expenses 2,721 1,672 Operating profit 33,837 37,041 Finance income 3,877 3,990 Finance expenses 5,001 2,683 Share of profit of investments accounted for using the equity method 212 1,080 Profit before income taxes 32,926 39,428 Income tax expense 14,201 17,454 Profit for the period 18,724 21,974 Profit attributable to Owners of the parent 13,506 17,423 Non-controlling interests 5,218 4,551 Earnings per share attributable to owners of the parent Basic (Yen) 75.68 97.56 Diluted (Yen) 75.66 97.53 Consolidated Statement of Comprehensive Income (Millions of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Profit for the period 18,724 21,974 Other comprehensive income 406 (652) (2,080) 2,066 (123) 19 Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans Net change in fair value of equity instruments measured at fair value through other comprehensive income Share of other comprehensive income of investments accounted for using the equity method Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (8,668) 4,880 Net change in fair value of debt instruments measured at fair value through other comprehensive income 0 0 Share of other comprehensive income of investments accounted for using the equity method Total other comprehensive income, net of tax 271 (10,193) (10) 6,304 Comprehensive income 8,531 28,279 Comprehensive income attributable to Owners of the parent 3,348 22,827 Non-controlling interests 5,183 5,451 Consolidated Statement of Changes in Equity Six months ended September 30, 2024 (Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Retained earnings Treasury shares Other components of equit y Remeasurements of defined benefit plans Balance at April 1, 2024 8,400 3,095 394,213 (21,515) - Profit (loss) for the period 13,506 422 Other comprehensive income Comprehensive income - - 13,506 - 422 Purchase of treasury shares (3) 43 (422) Disposal of treasury shares Dividends (7,676) Transfer to retained earnings 418 Total transactions with owners - (3) (7,257) 43 (422) Balance at September 30, 2024 8,400 3,091 400,462 (21,471) - Equity attributable to owners of the parent Non-controlling interests Total Other components of equity Total Net change in fair value of equity instruments measured at fair value through other comprehensive income Net change in fair value of debt instruments measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Balance at April 1, 2024 17,770 (81) 47,714 449,597 44,045 493,642 Profit (loss) for the period 13,506 5,218 18,724 Other comprehensive income (2,203) 0 (8,377) (10,157) (35) (10,193) Comprehensive income (2,203) 0 (8,377) 3,348 5,183 8,531 Purchase of treasury shares - - Disposal of treasury shares 40 40 Dividends (7,676) (7,360) (15,036) Transfer to retained earnings 4 - - Total transactions with owners 4 - - (7,635) (7,360) (14,996) Balance at September 30, 2024 15,571 (81) 39,337 445,310 41,867 487,178 Six months ended September 30, 2025 (Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Retained earnings Treasury shares Other components of equity Remeasurements of defined benefit plans Balance at April 1, 2025 8,400 3,245 397,533 (21,211) - Profit (loss) for the period 17,423 (480) Other comprehensive income Comprehensive income - - 17,423 - (480) Purchase of treasury shares (0) 480 Disposal of treasury shares (6) 41 Dividends (7,681) Transfer to retained earnings (480) Transfer to capital surplus from retained earnings 6 (6) Total transactions with owners - - (8,169) 41 480 Balance at September 30, 2025 8,400 3,245 406,788 (21,169) - Equity attributable to owners of the parent Non-controlling interests Total Other components of equity Total Net change in fair value of equity instruments measured at fair value through other comprehensive income Net change in fair value of debt instruments measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Balance at April 1, 2025 15,359 (81) 44,175 447,420 42,647 490,067 Profit (loss) for the period 2,086 0 3,797 17,423 4,551 21,974 Other comprehensive income 5,404 900 6,304 Comprehensive income 2,086 0 3,797 22,827 5,451 28,279 Purchase of treasury shares (0) (7,243) (0) Disposal of treasury shares 34 34 Dividends (7,681) (14,924) Transfer to retained earnings - - Transfer to capital surplus from retained earnings - - Total transactions with owners - - - (7,646) (7,243) (14,890) Balance at September 30, 2025 17,445 (80) 47,972 462,601 40,855 503,456 (4) Consolidated Statement of Cash Flows (Millions of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Cash flows from operating activities Profit before income taxes 32,926 39,428 Depreciation and amortization 27,880 25,496 Sub-lease cost of sales 6,254 5,717 Interest and dividend income (3,790) (3,937) Decrease (increase) in trade receivables 16,215 10,606 Decrease (increase) in inventories (5,146) (8,060) Increase (decrease) in trade payables (1,928) (4,260) Increase (decrease) in provisions (663) 5,262 Increase (decrease) in other current liabilities (8,177) 903 Other 2,058 (2,637) Subtotal 65,628 68,520 Interest received 3,708 3,845 Dividends received 397 311 Interest paid (915) (1,043) Income taxes paid (13,432) (14,928) Net cash provided by (used in) operating activities 55,386 56,706 (Millions of yen) Six months ended Six months ended September 30, 2024 September 30, 2025 Cash flows from investing activities Purchase of property, plant and equipment (35,352) (26,888) Payments into time deposits (10,954) (11,412) Proceeds from withdrawal of time deposits 20,548 8,559 Other (1,611) (79) Net cash provided by (used in) investing activities (27,369) (29,820) Cash flows from financing activities Proceeds from short-term borrowings 45,286 20,442 Repayments of short-term borrowings (42,542) (8,934) Dividends paid (7,676) (7,681) Dividends paid to non-controlling interests (4,978) (6,736) Repayments of lease liabilities (17,191) (23,326) Other 43 (1,479) Net cash provided by (used in) financing activities (27,058) (27,716) Effect of exchange rate changes on cash and cash equivalents (1,984) 750 Net increase (decrease) in cash and cash equivalents (1,026) (79) Cash and cash equivalents at beginning of period 244,191 249,721 Increase (decrease) in cash and cash equivalents included in assets held for sale 870 － Cash and cash equivalents at end of period 244,035 249,642 Notes on Consolidated Financial Statements (Notes on Going Concern Assumption) There are no applicable items. (Segment Information) Outline of Reportable Segments In the six-month period ended September 30, 2025, there are no material changes to the method used to identify the reportable segments, the business activities carried out by each reportable segment, or the measurement standards used to determine segment profits. Revenue, Profit/Loss for each Reportable Segment Six months ended September 30, 2024 (Millions of yen) Reportable Segment Eliminations (*1) Consolidated (*3) Japan North, Central and South America China Asia Europe and Africa Total Revenue Revenue from external customers 414,216 238,303 107,774 131,635 56,235 948,165 - 948,165 Inter-segment revenue and transfers (*2) 38,853 2,524 4,834 8,381 1,180 55,774 (55,774) - Total 453,070 240,827 112,608 140,016 57,415 1,003,939 (55,774) 948,165 Operating profit (loss) 3,704 (338) 9,829 18,298 2,210 33,703 133 33,837 Finance income 3,877 Finance expenses 5,001 Share of profit (loss) of investments accounted for using the equity method 212 Profit before income taxes 32,926 (Notes)1. 133 million yen included in "Eliminations" for "Operating profit" is mainly inter-segment transactions. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred. "Operating profit" reconciles to operating profit disclosed in the consolidated financial statement. Six months ended September 30, 2025 (Millions of yen) Reportable Segment Eliminations (*1) Consolidated (*3) Japan North, Central and South America China Asia Europe and Africa Total Revenue Revenue from external customers 426,478 261,880 93,140 136,453 54,327 972,279 - 972,279 Inter-segment revenue and transfers (*2) 37,128 2,392 4,885 7,756 1,199 53,363 (53,363) - Total 463,606 264,273 98,026 144,209 55,527 1,025,642 (53,363) 972,279 Operating profit (loss) 7,601 1,210 8,042 18,714 1,549 37,119 (78) 37,041 Finance income 3,990 Finance expenses 2,683 Share of profit (loss) of investments accounted for using the equity method 1,080 Profit before income taxes 39,428 (Notes)1. (78) million yen included in "Eliminations" for "Operating profit" is mainly inter-segment transactions. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred. "Operating profit" reconciles to operating profit disclosed in the consolidated financial statement.

View stock analysis, news, and events for Toyota Boshoku Corp.