August 5, 2025
Copyright©2025 Topy Industries, Limited All Rights Reserved. 0
This material is not a disclosure document under the Financial Instruments and Exchange Act and does not guarantee the accuracy or completeness of its information. The forward-looking statements in this material are based on information available at the time the material was prepared and include uncertainties. Investors are advised not to make investment decisions based solely on this information. In no event will the Company be liable for any loss or damage whatsoever resulting from the use of this material.
TYO 7231
Financial Results of the First Quarter for FY2025
Operating profit
(compared to FY2024)
Net sales
(100 millions of yen) | ||||
FY2024 1Q Results | FY2025 1Q Results | YoY | ||
Change | Increase/decrease (%) | |||
Net sales | 736 | 712 | (24) | (3.3)% |
Operating profit | 1 | 16 | 15 | 1,080.3% |
Operating profit margin | 0.2% | 2.3% | 2.1% | |
Ordinary profit | 14 | 17 | 3 | 22.6％ |
Profit attributable to owners of parent | 7 | 10 | 3 | 38.8％ |
Decrease in sales
Increase in income
Compared to same period of the past FY
Quarterly changes
1,000
50
(100 millions of yen)
38
800
21
24
18 16
15
24 23
16
600
6
5
400
(9)(6)
(9)(6)
1
200
0
FY2025
Operating profit
(100 millions of yen)
1
750
815
736
557
712
(9)
(6)
16 16
FY2021 1Q
FY2022 1Q
FY2023 1Q
FY2024 1Q
FY2025 1Q
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
FY2021 FY2022 FY2023 FY2024
FY2025
Results by segment
(compared to FY2024)
(100 millions of yen) | ||||||||
FY2024 1Q Results | FY2025 1Q Results | YoY | ||||||
Change | Increase/decrease (%) | |||||||
Net sales | Operating profit | Net sales | Operating profit | Net sales | Operating profit | Net sales | Operating profit | |
Steel Segment | 266 | 19 | 234 | 12 | (32) | (7) | (12.2)% | (36.0)% |
Automotive and Industrial Machinery Components Segment | 452 | (5) | 461 | 18 | 9 | 23 | 2.1% | - |
Others | 18 | 2 | 17 | 2 | (1) | (0) | (8.3)% | (7.1)% |
Head office | - | (15) | - | (16) | - | (1) | - | - |
Total | 736 | 1 | 712 | 16 | (24) | 15 | (3.3)% | 1,080.3％ |
Factors for change in operating profit
(compared to FY2024)
Factors for increase in profit
31
(0) (1) (0)
Factors for decrease in profit (100 millions of yen)
16
1
(11)
1
(6)
FY2024 1Q
Operating profit
Quantity & Variety mix
Selling price Raw materials
Energy & Sub materials
Foreign exchange
Labor costs Others Cost improvement
FY2025 1Q
Operating profit
Overview of business results by segment
-
Steel
Compared to same period of the past FY
Quarterly changes
Net sales19
12
264
2
277
266
234
151
(5)
Operating profit 24(100 millions of yen)
31 31
(100 millions of yen)
27
20
24 22
20 19
18 18
12
5
9
2
(5)
(3)(3)
400
200
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
0
FY2021
Operating profit analysis
1Q
FY2022
1Q
FY2023
1Q
FY2024
1Q
FY2025
1Q
Business status
FY2021 FY2022 FY2023 FY2024
FY202
FY2025
19
me
(2)
(22)
23
(1) (1)
Factors for increase in profit Factors for decrease in profit
(100 millions of yen)
12
1
(5)
FY2024 1Q | FY2025 1Q | Change | ||
Sales Volu | Shaped steel | 186 | 178 | (8) |
Steel bars | 43 | 40 | (3) | |
Total | 230 | 218 | (12) | |
Selling price | 112.0 | 102.9 | (9.1) | |
Scrap payout unit price | 51.3 | 41.9 | (9.4) | |
Spreads | 60.7 | 61.0 | 0.3 | |
(Unit: 1,000 tons, ¥1,000/tons)
FY2024 1Q
Operating profit
Quantity &
Variety mix
Selling
price
Raw
materials
Energy & Sub
materials
Labor costs Others Cost
improvement
FY2025 1Q
Operating profit
*Including internal sales
Overview of business results by segment
- Automotive and industrial machinery components
Compared to same period of the past FY
Quarterly changes
(100 millions of yen)
27 (100 millions of yen)
18 24
Operating profit
10
9
6
494
378
439
452
461
(5)
10 10
5
11 14 13
6 9 9
22
18 18
10
6
(5)
600
400
200
FY202
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
Jul.-Sep.
Oct.-Dec.
Jan.-Mar.
Apl.-Jun.
0
FY2021 1Q
FY2022 1Q
FY2023 1Q
FY2024 1Q
FY2025 1Q
FY2021 FY2022 FY2023 FY2024
FY2025
Operating profit analysis
(100 millions of yen)
1 0 (1)
0
(2)
16
7
△5 2
FY2024 1Q
Operating profit
Quantity & Variety mix
Selling price
Raw materials
Energy & Sub materials
Foreign exchange
Labor costs Others Cost improvement
FY2025 1Q
18
Operating profit
Business environment
Domestic steel orders received (by application)
Domestic crude steel production volume
(thousand tons)
8,000
6,000
(thousand tons)
20,000
4,000
2,000
10,000
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
Jan-Mar
Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
Jan-Mar
0 0
2021 2022 2023 2024 2025
Domestic production units
Source:The Japan Iron and Steel Federation
2021 2022 2023 2024 2025
Source:The Japan Iron and Steel Federation
(1,000units)
2,000
(1,000units)
400
(1,000units)
400
Commercial vehicles
(1,000units)
1,500
1,000
200
60
200 40
500 20
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
Jan-Mar
Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec
Jan-Mar
0 0 0 0
2023 2024 2025
2023 2024 2025
2023 2024
2025
2023 2024 2025
2025
Copyright©2025 Topy Industries, Limited All Rights Reserved.
Source: MARKLINES
Source: Japan Construction Equipment 6
Manufacturers Association
Business environment
Ferrous scrap price
Electricity
(¥1,000/tons)
60
40
20
Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan.
Apr.
0
2021 2022 2023 2024 2025
Aluminum price
(Nikkei average)
Source:Source: Japan Metal Daily, The Japan ferrous raw materials association (H2, before maker furnace, average of 3 districts)
350
300
250
200
150
100
50
0
※Unit price for the Company's Toyohashi Plant Calculated
Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan.
Apr.
with January 2021 unit price set at 100
2021 2022 2023 2024 2025
(¥1,000/tons）
600
500
400
300
200
100
Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan.
Apr.
0
2021 2022 2023 2024 2025
Copyright©2025 Topy Industries, Limited All Rights Reserved.
Source:Nikkal Shoko 7
Forecast for FY2024
There are no changes in the consolidated financial forecast from the previous forecast due to uncertainties about trends in domestic demand for steel products, and in automobile and construction machinery production influenced by U.S. trade policy.
(100 millions of yen)
FY2025 1Q Results | FY2025 First half (Forecasts) | FY2025 (Forecasts) | |
Net sales | 712 | 1,470 | 3,020 |
Operating profit | 16 | 17 | 70 |
Ordinary profit | 17 | 16 | 71 |
Profit attributable to owners of parent | 10 | 9 | 78 |
Dividend per share (yen) | - | 40 | 90 |
Reference:
net sales composition by segment and business area
Others (2％)
Wheels for passenger vehicles (28％)
Steel
（33％）
FY2025 1Q
Net sales
71.2 billion
Automotive and Industrial Machinery Components
（65％）
Undercarriage parts for construction machinery
（15%）
Others
（10%）
Wheels for commercial vehicles and construction machinery
（12%）