Toyota Tsusho raises earnings forecast and interim dividend for fiscal year

Toyota Tsusho Corporation has revised its consolidated profit attributable to owners of the parent for the fiscal year ending March 31, 2026, upward by 20 bn yen (5.9%) to 360 bn yen, largely due to a better-than-expected Q2 financial result driven by a weak Japanese yen. Concurrently, the interim dividend for the fiscal year has been raised to 58.00 yen per share from the previously forecasted 55.00 yen, aligning with a progressive dividend policy aiming for a total payout ratio of 40% or more.

The company's consolidated revenue for the first six months of the fiscal year increased by 348.4 bn yen (6.9%) year-on-year to 5,414.3 bn yen, primarily driven by higher automotive sales and related product trading volumes. Operating profit rose by 13.2 bn yen (5.3%) to 261.1 bn yen, with profit attributable to owners of the parent increasing by 5.4 bn yen (3.0%) to 186.9 bn yen. This strong performance was bolstered by strategic investments, including Electra Steel Inc. and Radius Recycling, Inc., and new production initiatives in its supply chain.

Total assets as of September 30, 2025, reached 7,695.2 bn yen, an increase of 637.8 bn yen from March 31, 2025. This growth was attributed to increases in inventories, property, plant, and equipment, other investments, and intangible assets. Furthermore, Toyota Tsusho anticipates commencing a tender offer for its own shares in or after March 2026, following the completion of a planned tender offer for Toyota Industries Corporation shares by Toyota Fudosan.