TOKYO, May 11 (Pulse News Wire) – TOA Road Corporation (1882.T) reported lower-than-expected results for the fiscal year ending March 2026, marking a significant deviation from its previously announced forecasts. The company also disclosed a special loss due to impairment of fixed assets.
In the latest earnings report, TOA Road recorded a sales revenue of ¥121.3 billion, operating profit of ¥5.788 billion, ordinary profit of ¥5.997 billion, and net income attributable to parent company shareholders of ¥3.426 billion. These figures represent decreases of -4.5%, -10.9%, -9.1%, and -16.4%, respectively, compared to previous estimates.
The decline in performance was attributed to several factors, including insufficient progress in construction projects, reduced raw material costs such as straight asphalt leading to lower revenues, increased material prices and labor costs in construction, decreased shipment volumes in manufacturing and environmental sectors, and the recognition of impairment losses on fixed assets. Additionally, the company noted that while last year's net income benefited from asset sale gains and investment securities profits, this period saw a reversal due to the aforementioned impairments.
The detailed breakdown of the differences between forecasted and actual figures is available in the company’s recently released quarterly earnings statement.
🟢 Confidence: High AI-translated content.