Toyota Tsusho Earnings Call Transcripts
Fiscal Year 2027
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H1 operating profit and net profit reached records, while negative operating cash flow reflected taxes and working capital. FY profit guidance stayed at ¥430bn, with buffers for potential write-downs and softer second-half spreads.
Fiscal Year 2026
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Record-high profits for the fifth consecutive year, with strong revenue growth driven by Circular Economy, Digital Solutions, and Africa divisions. FY2026 outlook is conservative due to Middle East disruptions and energy price risks, but all segments are expected to achieve positive underlying results.
Fiscal Year 2025
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Record profits were achieved for the fourth consecutive quarter, with strong growth in Metal+, Supply Chain, and Africa segments. FY2025 profit is forecast at JPY 340 billion, with a focus on progressive dividends and major investments in growth, especially in Africa and renewables.