Toda corporation raises profit outlook despite projected sales drop

Toda Corporation revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026, with consolidated net sales now projected at ¥630,000 million, a decrease of ¥10,000 million from the previous forecast. Despite the revenue adjustment, operating profit is expected to increase by ¥6,000 million to ¥30,000 million (up 25.0% year-on-year), ordinary profit to ¥33,300 million (up 27.1%), and profit attributable to owners of parent to ¥28,400 million (up 35.2%). This revision is primarily due to enhanced profitability in domestic construction projects, increased gross profit from real estate sales, and gains from the sale of investment securities.

For non-consolidated results, sales remain unchanged at ¥499,000 million. However, operating profit is revised upward by ¥7,000 million to ¥20,000 million, ordinary profit by ¥8,400 million to ¥24,000 million, and net profit by ¥8,300 million to ¥24,500 million. The company's interim consolidated operating results for the six months ended September 30, 2025, showed a significant increase in operating profit to ¥12,935 million, up 116.7% year-on-year, and profit attributable to owners of parent increased by 78.0% to ¥12,770 million.

The dividend forecast for the fiscal year ending March 31, 2026, remains unchanged at ¥40.00 per share, with an interim dividend of ¥20.00 planned for December 2025. The company's financial position at September 30, 2025, shows total assets of ¥950,407 million and net assets of ¥369,984 million, with an equity ratio of 37.8%.