Toyota Industries revises full-year profit forecast down amid settlement costs

Toyota Industries Corporation, in an announcement dated October 31, 2025, revised its consolidated full-year forecast for fiscal year 2026. While net sales are maintained at 4,000,000 million yen due to a weaker yen offsetting lower unit sales, operating profit is now projected at 100,000 million yen, a decrease of 80,000 million yen from the previous forecast. Profit attributable to owners of the parent is revised to 180,000 million yen, down from 240,000 million yen, with basic earnings per share adjusted to 599.05 yen.

The downward revision in profit is primarily attributed to a settlement payment and customer support expenses related to a U.S. class-action lawsuit concerning forklift engine certification issues, along with the impact of U.S. tariffs. The company reconfirmed that there will be no changes to its dividend forecast, which remains at no dividend.

For the second quarter of fiscal year 2026, the company reported net sales of 2,058,680 million yen, a slight increase from the prior comparable period. However, operating profit for the quarter significantly declined to 37,526 million yen from 126,314 million yen, reflecting the challenging factors outlined in the revised full-year forecast.