TotoTOTO LTD.5332東証プライムガラス・土石製品FY ending Mar 2026, consolidated, J-GAAP

Toto FY ending Mar 2026 results

About 48% of Toto's sales come from Global Housing Equipment Business, with Japan housing equipment business and Americas making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +1.8% from the prior year, operating profit +10.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +1.8% · profit +10.9%, calculated from disclosed figures.

Operating leverage: 6.08× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+1.8%¥724.5B → ¥737.4B
Gross profit
+3.3%¥254.1B → ¥262.6B
Operating income
+10.9%¥48.5B → ¥53.8B
Net income attributable to owners
+230.8%¥12.2B → ¥40.3B
Operating cash flow
-0.2%¥71.4B → ¥71.2B
Free cash flow
+35.8%¥20.7B → ¥28.1B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥737.4B, up 1.8% from ¥724.5B.
  • Operating income grew faster, rising 10.9% from ¥48.5B to ¥53.8B.
  • Net income rose 230.8% to ¥40.3B from ¥12.2B, a jump that includes one-off gains and losses.
  • Operating cash flow held steady at ¥71.2B, and free cash flow increased from ¥20.7B to ¥28.1B.

What drove the change

  • Ceramics sales and profit grew as chipmakers ran their existing plants harder, keeping replacement demand for parts strong
  • Asia Oceania grew sales and profit by pushing WASHLET and winning orders from high-profile projects such as luxury hotels
  • Sales fell in Japan and mainland China; the China business widened its operating loss while closing plants, and the restructuring costs there, along with gains on selling investment securities, shaped net income

Things to watch

  • Big swings in housing demand or the semiconductor market could hit results
  • Geopolitical tension or disasters could disrupt supplies of materials and parts
  • Tougher competition could push product prices down

Annual Securities Report, 160th fiscal period / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 160th fiscal period / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Toto sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥65
SG&A
¥28
Operating profit
¥7
Net profit kept
¥5

Annual margin trends

Gross margin35.6%
FY ending Mar 2021: 36.4%36.4%FY ending Mar 2022: 36.7%36.7%FY ending Mar 2023: 34.7%34.7%FY ending Mar 2024: 34.0%34.0%FY ending Mar 2025: 35.1%35.1%FY ending Mar 2026: 35.6%35.6%FY21FY22FY23FY24FY25FY26
Operating margin7.3%
FY ending Mar 2021: 6.9%6.9%FY ending Mar 2022: 8.1%8.1%FY ending Mar 2023: 7.0%7.0%FY ending Mar 2024: 6.1%6.1%FY ending Mar 2025: 6.7%6.7%FY ending Mar 2026: 7.3%7.3%FY21FY22FY23FY24FY25FY26
Net margin5.5%
FY ending Mar 2021: 4.7%4.7%FY ending Mar 2022: 6.2%6.2%FY ending Mar 2023: 5.6%5.6%FY ending Mar 2024: 5.3%5.3%FY ending Mar 2025: 1.7%1.7%FY ending Mar 2026: 5.5%5.5%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第160期(2025/04/01-2026/03/31)

    ID S100YC722026-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第159期(2024/04/01-2025/03/31)

    ID S100W0X92025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第158期(2023/04/01-2024/03/31)

    ID S100TRCX2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第157期(2022/04/01-2023/03/31)

    ID S100R4UY2023-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第156期(令和3年4月1日-令和4年3月31日)

    ID S100ONXC2022-07-05Open
  • EDINET (FSA Japan)

    有価証券報告書-第155期(令和2年4月1日-令和3年3月31日)

    ID S100LQEI2021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 1

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