Tokyo Tekko revises sales forecast, announces share buyback program

Tokyo Tekko announced a revision to its consolidated earnings forecast for the fiscal year ending March 31, 2026. The company now anticipates net sales of 77,000 million yen, a decrease from the previously projected 80,500 million yen, citing lower product shipments due to labor shortages and construction delays. Despite the reduction in sales, the operating profit, ordinary profit, and profit attributable to owners of parent forecasts remain unchanged at 12,000 million yen, 12,000 million yen, and 8,450 million yen, respectively, driven by efforts in high-value-added product sales and cost reduction.

Concurrently, Tokyo Tekko resolved to acquire up to 110,000 shares of its common stock, representing 1.29% of its issued shares (excluding treasury shares), for a maximum of 500 million yen. This share buyback program, effective from November 5, 2025, to December 23, 2025, aims to enhance shareholder returns and improve capital efficiency. The interim dividend for the fiscal year remains at 100 yen per share, with a year-end dividend of 200 yen per share also unchanged.

Basic earnings per share are now projected at 982.99 yen, an increase from the earlier forecast of 964.41 yen due to the share acquisition.