Our core semiconductor operations drove strong overall performance in the fiscal year ended March 2025, despite an ongoing uncertain environment, resulting in record high net sales and profits.
We continue to invest strategically and strengthen our human resources to prepare for trends expected to grow in the future and to further enhance our corporate value.
It is my pleasure to share our results for the interim period (April 1 to September 30, 2025) of the 75th fiscal year and present our management direction for the year ahead.
Consolidated results for the First Half of the 75th fiscal year (ended March 2026)
The TOCALO Group’s business environment remains uncertain due to the effects of U.S. tariff policies and rising geopolitical risks. In the semiconductor field, robust investment in data centers driven by the growing importance of generative AI was offset by relatively subdued investment in other areas early in the period, resulting in only a slight increase compared with the same period of the previous fiscal year. Business remained generally strong in the industrial machinery, transportation equipment, and electric power and energy fields.
The Group responded to the conditions by intensifying efforts to develop new coating processes and strengthening order acquisition activities. We also took further steps to lower costs and improve production efficiency, while continuing to take a longer-term perspective on developing new markets and technologies.
As a result, the Group’s consolidated results for the interim period showed net sales increasing by ¥2,448 million (9.5%) year on year to ¥28,311 million, operating profit rising by ¥1,135 million (21.1%) to ¥6,518 million, ordinary profit increasing ¥1,235 million (22.4%) to ¥6,756 million, and net income attributable to owners of the parent growing by ¥871 million (24.5%) to ¥4,427 million.
Earnings outlook and strategic direction
The future business outlook remains uncertain due to ongoing geopolitical risks and other factors. Nevertheless, the Group’s consolidated performance is progressing largely in line with the initial plan set at the start of the fiscal year, and we are targeting full-year net sales of ¥57 billion and ordinary profit of ¥13 billion.
We are expanding production capacity at our Tokyo and Kitakyushu plants in anticipation of growing global semiconductor demand. In addition, we are planning the construction of a new building at the Nagoya Plant to expand capacity and strengthen our businesses in the aircraft, industrial machinery, and iron and steel fields.
At the same time, we continue to advance the development of new coating processes and invest capital and human resources aligned with customer needs. Through these initiatives, we aim to solidify sustainable growth, enhance corporate value, and contribute to a sustainable society.
