【Toto Ltd.】2026 Financial Results｜Sales of 163 billion yen, net income of 12.8 billion yen (YoY +11%)

Performance Overview

Toto Ltd. recorded sales of 163 billion yen (YoY +1.8%), operating income of 17.6 billion yen (YoY +13.4%), and net income of 12.8 billion yen (YoY +11.1%) for the fiscal year ending March 2026. Although order backlog decreased slightly to 145.3 billion yen (YoY -4.1%), sales remained steady. The segments of civil engineering and construction both achieved profit growth, with notable improvements in profit margins. The financial condition remains strong due to increases in investment securities and fixed assets, with stable cash flows. Based on the medium-term management plan, the company is committed to enhancing the safety and longevity of railway infrastructure and aims for sustained growth.

Future Outlook and Impact on Shareholders

The consolidated earnings forecast for the fiscal year ending March 2027 projects sales of 167 billion yen (YoY +2.4%) and net income of 13 billion yen (+1.2%), indicating steady growth. The dividend is planned at 150 yen annually (interim 70 yen, year-end 80 yen), maintaining a policy of continuous dividend increases. In the medium to long term, the company is dedicated to developing safe and reliable infrastructure and reducing environmental impact, thereby strengthening stakeholder trust. Investment in human capital and technological innovation will be promoted to achieve sustainable growth and enhance corporate value.