Toyoda Gosei Q1 Operating Profit Jumps 26% on Higher Japanese Output, and a 5-for-1 Stock Split Is Coming

Volume and cost work both pulled the same way

Toyoda Gosei Co., Ltd. (TSE: 7282) published consolidated results for the three months to June 30, 2026 on July 31, 2026 under IFRS. Revenue rose 16.7% to ¥303,896 million, which management attributes to higher customer production volumes — Japan above all — and to currency. Operating profit rose 26.4% to ¥23,224 million on the volume effect and cost improvements, profit before tax rose 41.3% to ¥25,767 million and profit attributable to owners of the parent rose 34.2% to ¥18,077 million. Earnings per share came to ¥154.33 against ¥106.04.

Comprehensive income rose 537.0% to ¥24,695 million. That figure says more about the year-earlier base — ¥3,877 million, itself down 88.4% — than about this quarter: currency translation and securities marks swing this line hard in both directions.

Japan nearly two-and-a-half times its profit; the Americas slipped

Japan grew revenue 19.1% to ¥127.6 billion on higher customer production and lifted operating profit 143.1% to ¥6.2 billion on volume and cost improvement. The Americas grew revenue 17.5% to ¥122.1 billion but saw operating profit slip 2.9% to ¥10.4 billion as material market conditions worsened — the one region where a larger top line did not translate into more profit.

Asia grew revenue 31.6% to ¥42.7 billion with operating profit up 37.5% to ¥3.7 billion. China was the only region to shrink, revenue down 9.3% to ¥18.8 billion on lower customer production, yet operating profit still rose 135.0% to ¥1.5 billion on cost improvement and fixed-cost reductions. Europe and Africa grew revenue 9.7% to ¥8.4 billion on currency, with operating profit down 19.2% to ¥0.4 billion.

A five-for-one split, and guidance that implies a softer rest of the year

The board resolved on April 28, 2026 to split the common stock five-for-one with a record date of September 30, 2026. The dividend forecast is presented on both bases: for FY3/2027 an interim of ¥85.00 and a year-end of ¥18.00 after the split — equivalent to a ¥90.00 year-end and ¥175.00 for the year had the split not happened, against ¥138.00 actually paid for FY3/2026. Full-year earnings per share is guided at ¥97.30 post-split, or ¥486.48 on the pre-split share count.

Total assets rose 2.8% to ¥1,020,484 million from the March 31, 2026 year-end and equity attributable to owners of the parent rose 2.3% to ¥581,394 million, with the ratio easing to 57.0% from 57.3%. Guidance itself was left unchanged: revenue of ¥1,200,000 million (+4.6%), operating profit of ¥80,000 million (+0.6%), profit before tax of ¥84,000 million (−6.9%) and profit attributable to owners of ¥57,000 million (−8.1%). With ¥23,224 million of the ¥80,000 million operating-profit target already booked — 29.0% in the first quarter alone — the unchanged guidance implies management expects the remaining three quarters to run well below this pace.

JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.