Toa Corporation raises full-year earnings and dividend forecasts

Toa Corporation now anticipates consolidated net sales of ¥342,000 million, up from ¥335,000 million, with operating profit increasing to ¥21,500 million from ¥18,000 million. Profit attributable to owners of parent is projected at ¥15,000 million, an increase from the previously announced ¥12,500 million. Non-consolidated forecasts also show an increase, with net sales now at ¥327,000 million (previously ¥320,000 million) and profit at ¥14,200 million (previously ¥11,700 million). These revisions are primarily driven by strong progress in overseas construction and improved profitability in domestic civil engineering and building construction.

The company's full-year dividend forecast for the fiscal year ending March 31, 2026, has also been revised. The interim dividend will be ¥38 per share, and the year-end dividend is projected at ¥39 per share, totaling ¥77 per share for the full year. This represents a ¥1 increase from the previous year-end dividend forecast of ¥38 and an overall increase from the previously announced annual total of ¥76, reflecting the revised earnings outlook and the company's commitment to a dividend payout ratio of 40% or more.

Orders received are now forecast to reach ¥265,000 million for the non-consolidated full year, driven by robust domestic civil engineering and building construction performance. Total assets increased to ¥303,128 million as of September 30, 2025, from ¥298,939 million on March 31, 2025. This was mainly due to increases in cash and deposits and investment securities, despite decreases in notes receivable.