Toyota TsushoTOYOTA TSUSHO CORPORATION8015東証プライム卸売業FY ending Mar 2026, consolidated, IFRS

Toyota Tsusho FY ending Mar 2026 results

About 19% of Toyota Tsusho's sales come from Circular Economy, with Africa and Metal Plus making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed +12.1% from the prior year, operating profit +9.7%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +12.1% · profit +9.7%, calculated from disclosed figures.

Operating leverage: 0.80× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +12.1%¥10.3T → ¥11.6T
Gross profit: +12.8%¥1.12T → ¥1.26T
Operating income: +9.7%¥497.2B → ¥545.2B
Net income attributable to owners: +2.2%¥362.5B → ¥370.5B
Operating cash flow: -9.9%¥511.9B → ¥461.2B
Free cash flow: -11.2%¥312.6B → ¥277.7B

Results at a glance

Revenue for FY ending Mar 2026 rose +12.1%, from ¥10.3T to ¥11.6T.
Gross profit grew +12.8% to ¥1.26T, but higher SG&A meant operating profit grew a little less, up +9.7% to ¥545.2B.
Net income rose only +2.2% to ¥370.5B.
Operating cash flow fell -9.9% to ¥461.2B as more cash was tied up in working capital, and free cash flow dropped -11.2% to ¥277.7B.

What drove the change

More car sales and more business tied to car production lifted revenue
Vehicle sales volumes rose in West Africa and, in the mobility division, in Australia and Asia
A one-off loss in the domestic power generation business cut green infrastructure profit sharply and held back net income

Things to watch

A large share of revenue comes from the Toyota Motor group, so changes in that relationship directly affect results
Operating in many countries exposes the company to local regulation, political instability and currency swings
Prices of traded commodities such as non-ferrous metals, rare earths and food can move sharply

Annual Securities Report (amended), FY ended March 2026 / 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 (MD&A) · Annual Securities Report (amended), FY ended March 2026 / 事業等のリスク (Business risks)

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026

Cost of sales: ¥89
SG&A: ¥6
Operating profit: ¥5
Net profit kept: ¥3

Annual margin trends

Gross margin10.9%

Operating margin4.7%

Net margin3.2%

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

Circular Economy¥2.22T
19%
Africa¥1.93T
17%
Metal Plus¥1.81T
16%
Digital Solutions¥1.66T
14%
Supply Chain¥1.29T
11%
Mobility¥1.14T
10%
Green Infrastructure¥921B
8%
Lifestyle¥588.1B
5%
Other¥2.58B
0%

Profit by segment

※ Segments without disclosed profit are drawn entirely as costs

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

Sources

Show source documents (6)

EDINET (FSA Japan)
訂正有価証券報告書－第105期(2025/04/01－2026/03/31)
ID S100YOTT2026-07-06Open
EDINET (FSA Japan)
有価証券報告書－第104期(2024/04/01－2025/03/31)
ID S100VZM92025-06-19Open
EDINET (FSA Japan)
有価証券報告書－第103期(2023/04/01－2024/03/31)
ID S100TO142024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第102期(2022/04/01－2023/03/31)
ID S100R1J42023-06-23Open
EDINET (FSA Japan)
有価証券報告書－第101期(令和3年4月1日－令和4年3月31日)
ID S100OD082022-06-24Open
EDINET (FSA Japan)
有価証券報告書－第100期(令和2年4月1日－令和3年3月31日)
ID S100LJ652021-06-24Open

Extracted from XBRL: 41 / Derived from other figures: 1

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