Toyoda Gosei earnings rise on cost improvements

Tokyo – Toyoda Gosei Co. has reported higher earnings for its fiscal first quarter to 30 June 2025, helped by cost improvements and higher production volumes by automotive customers.

Consolidated revenue slipped 1.5% year-on-year to Yen260.4?billion (€1.5 billion), reflecting currency effects that offset increased customer production volumes.

Operating profit rose 6.7% to Yen18.3?billion, helped by efficiencies generated through the group's ‘kaizen’ continuous improvement strategy.

In Japan, first quarter revenue increased 4.1% year-on-year to Yen107.1?billion on stronger production volumes, though operating profit fell 17.7% to Yen2.5?billion due to salary increases and higher fixed costs.

Revenue in the Americas declined 5.3% to Yen103.9?billion, while operating profit grew 10.6% to Yen10.7?billion, helped by cost improvements and higher sales.

European and African revenue fell 13.1% to Yen7.6?billion, with operating profit down 24.2% to Yen0.5?billion on weaker sales.

In China, revenue dropped 12.8% to Yen20.8?billion, but operating profit jumped 240.2% to Yen0.6?billion, reflecting cost savings and reduced fixed costs.

Asian operations saw revenue rise 2.3% to Yen32.5?billion, with operating profit up 10.3% to Yen2.7?billion.

India remained a bright spot with revenue up 5.7% year-on-year at Yen10.9?billion, while operating profit increased 6.4% to Yen0.9?billion.

The company is maintaining its full-year forecast to 31 March 2026 of revenue at Yen1?trillion and operating profit at Yen55.0?billion.