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Source: TDnet timely disclosures
Updated 10/31 09:30M&A / TOB 1 Guidance 0 Buybacks 0 Dividends 0 Capital 0 Earnings 0 People 0

TOTO H1 net profit up 142.5%, trims sales forecast, sets ¥30 billion buyback

Fri, Oct 30, 2026 15:30 JST TOTO Ltd. (5332.T) Bathroom fixtures 中文

TOTO Ltd. (5332) said on October 30 that first-half net profit attributable to owners of the parent rose 142.5% to ¥21.3 billion, lowered its full-year sales forecast to ¥775.0 billion, and announced a share buyback of up to ¥30 billion, or 9.5 million shares.

H1 net profit¥21.315 billion (up 142.5%)
FY sales forecast¥775.0 billion (previously ¥785.0 billion)
Buyback cap¥30.0 billion
Max shares9.5 million shares (5.8%)

For the six months to September 30, 2026, net sales rose 4.4% to ¥364.7 billion, operating profit increased 21.2% to ¥25.2 billion and ordinary profit grew 7.5% to ¥24.8 billion. Earnings per share were ¥129.63, compared with ¥52.67 a year earlier. The equity ratio stood at 65.7% at the end of September, up from 63.8% at the end of March.

For the fiscal year ending March 2027, the company cut its net sales forecast to ¥775.0 billion from ¥785.0 billion, down 1.3%, and its ordinary profit forecast to ¥58.0 billion from ¥58.5 billion. Forecasts for operating profit of ¥60.0 billion and net profit of ¥46.0 billion were unchanged. TOTO cited first-half results and the impact of deteriorating market conditions in its Americas and mainland China businesses, among other segment outlooks.

The interim dividend was ¥60 per share, and the annual dividend forecast of ¥120 was unchanged, compared with ¥110 for the previous year.

The buyback covers up to 5.8% of shares outstanding excluding treasury stock and will be carried out through market purchases on the Tokyo Stock Exchange under a discretionary trading contract. The company said it aims to improve capital efficiency in line with its WILL2030 mid-term plan. All repurchased shares except 100,000 will be cancelled.

Next steps: the buyback runs from November 1, 2026 to March 31, 2027, with cancellation scheduled for April 30, 2027. The interim dividend is to be paid from December 1, 2026, and the semi-annual report is due on November 6, 2026.


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