Toyoda Gosei lifts full-year forecast on higher car production

Tokyo — Toyoda Gosei has raised its full-year forecast following a strong third quarter report for the fiscal year 2026, ending 31 March.

The Japanese group now expects full-year revenue to come in at Yen1,140 billion (€6.1 billion), up 8.6% from its earlier estimate in October last year and 8% compared to the year before.

Group operating profit is expected to increase to Yen70 billion, an increase of 16.7% compared to the October forecast and also compared to the year before.

In a 3 Feb statement, the group said the upward revision reflected the increase in customer production volume and currency effects.

For the first nine months of its fiscal year, the group reported higher revenue and earnings, supported by increased production volumes at car makers.

For the nine months ended 31 Dec 2025, consolidated revenue rose 5.5% year-on-year to Yen830.6 billion, driven mainly by higher production volumes at car makers.

Operating profit increased 11.5% year-on-year to Yen52.5 billion, while profit attributable to owners of the parent rose 36.0% year-on-year to Yen43.8 billion.

Toyoda Gosei said earnings growth was achieved “despite price revisions and rising salary costs,” supported by “cost improvement and higher sales volume.”

Breaking down results by region, Toyoda Gosei said revenue in Japan increased 7.8% year-on-year to Yen350.8 billion, reflecting higher production volumes at domestic car makers.

Segment profit rose 17.7% year-on-year to Yen11.3 billion, supported by cost improvements and higher sales.

In the Americas, revenue climbed 5.1% year-on-year to Yen312.3 billion, also driven by higher car maker output.

Segment profit increased 8.3% year-on-year to Yen22.4 billion, with Toyoda Gosei noting that gains were achieved “despite a negative impact from US tariffs,” mainly due to cost improvements and higher sales volume.

Revenue in Europe and Africa rose 2.7% year-on-year to Yen25.0 billion, reflecting the impact of yen depreciation.

Segment profit, however, declined 8.2% year-on-year to Yen1.9 billion, which the company attributed mainly to higher fixed costs.

In China, revenue fell 8.4% year-on-year to Yen68.3 billion, due largely to lower production volumes at car makers.

Segment profit more than doubled, rising 107.9% year-on-year to Yen2.1 billion, which Toyoda Gosei said was achieved “despite lower sales volume,” chiefly through fixed cost reductions.

Revenue in Asia increased 6.6% year-on-year to Yen108.9 billion, supported by higher car maker production. Segment profit edged up 0.8% year-on-year to Yen10.3 billion, reflecting higher sales volume and cost improvements.

In India, revenue rose 19.9% year-on-year to Yen37.3 billion, while segment profit increased 37.8% year-on-year to Yen4.2 billion, supported by higher sales volume and cost improvements.