Toell returns to profit in Q1 2026 despite sales dip

For the first quarter of fiscal year 2026, Toell reported consolidated net sales of 6,081 million yen, a 1.2% decrease year-on-year. Despite the sales dip, the company saw a significant improvement in profitability, with operating profit reaching 244 million yen, though this was a 40.3% decrease compared to the previous year's 409 million yen. Ordinary profit stood at 387 million yen, a 23.3% decline from the prior year.

Notably, the company achieved a net profit attributable to parent company shareholders of 274 million yen, a significant turnaround from a net loss of 367 million yen in the same period last year. This resulted in basic earnings per share of 14.63 yen. The Energy business experienced a 1.9% decrease in sales to 4,305 million yen, while the Water business saw a 0.7% increase in sales to 1,776 million yen.

Total assets decreased by 1,253 million yen from the previous fiscal year-end to 25,681 million yen, primarily due to decreases in cash and deposits, as well as notes and accounts receivable. The equity ratio improved to 79.2%. The company's full-year consolidated earnings forecast for fiscal year 2026 remains unchanged from the announcement on June 13, 2025.