Topy Industries operating profit surges 1,080% in Q1

Topy Industries reported operating profit of 1,603 million yen for Q1 FY2025, up 1,080.3% year-on-year, despite net sales falling 3.3% to 71,213 million yen. Ordinary profit rose 22.6% to 1,672 million yen.

The surge was driven by structural reforms in the Automotive & Industrial Machinery Components Business, which swung to an operating profit of 1,786 million yen from a 527 million yen loss in the prior year. The Steel Business saw operating profit decline 36.0%.