Toto exceeds profit forecasts on Asia strength, revises full-year outlook

Toto Ltd. announced significant differences between its first-half (April 1 to September 30, 2025) consolidated financial results and previous forecasts, leading to an upward revision of its full-year outlook for the fiscal year ending March 2026. Net sales for the first half reached 349,372 million yen, slightly below the forecast of 360,000 million yen. However, operating profit of 20,781 million yen and ordinary profit of 23,089 million yen substantially exceeded forecasts of 19,000 million yen and 19,100 million yen, respectively. Interim profit attributable to owners of parent was 8,790 million yen, surpassing the 6,000 million yen forecast.

The outperformance was largely attributed to strong results in the International Housing Equipment Business in Asia and increased sales of electrostatic chucks in the new business domain, fueled by a booming semiconductor market. Additionally, foreign exchange gains and investment security sales contributed to higher ordinary profit.

Consequently, Toto revised its full-year consolidated financial forecasts for March 2026. While net sales were adjusted downward to 734,500 million yen from 753,500 million yen, operating profit was revised to 49,000 million yen (from 52,500 million yen) and ordinary profit to 50,000 million yen (from 52,100 million yen). Profit attributable to owners of parent is now projected at 29,000 million yen, down from 31,000 million yen, reflecting strategic investments and restructuring costs.