TOYO Corporation · TSE:8151

TOYO — FY9/26 Earnings Presentation

35 slides from TOYO's earnings presentation, Nov 11, 2026

Slide 1: FY9/26 results presentation
TOYO Corporation (TSE Prime: 8151) FY9/26 results presentation November 11, 2026 ©TOYO Corporation ©TOYO Corporation
Slide 2: Contents
Contents 1. FY9/26 results 2. Orders & order backlog 3. TY2027 medium-term management plan progress and FY9/27 forecast 4. Shareholder returns 5. Realizing management conscious of cost of capital and stock price ©TOYO Corporation 2
Slide 4: FY9/26 highlights
FY9/26 highlights YoY Record-high sales; OP up substantially FY9/25 FY9/26 (¥mn) Actual Actual Change %  Net sales: +17.9% YoY Net sales 32,559 38,371 +5,812 +17.9% ・ Record-high order backlog steadily converted into Gross profit 14,207 17,048 +2,841 +20.0% sales; nearly all businesses grew, incl.
Slide 5: GPM trends
GPM trends More high-margin projects lifted full-year GPM to 44.4% (+0.8ppt YoY) ■ Gross profit margin Gross profit (right axis) SG&A (right axis) (¥mn) FY9/26: 44.4% 48.0% 7,000 FY9/24: 43.3% FY9/25: 43.6% 45.6% 46.0% 44.8% 6,000 44.4% 44.7% 44.0% 44.0% 43.5% 42.4% 43.1% 5,000 42.0% 4,000 40.0% 3,0
Slide 6: Operating profit YoY variance
Operating profit YoY variance Sharp profit growth of 83.5%: increased sales, higher GPM, M&A boost Profit from (¥mn) M&A Higher GPM up personnel 5,000 Higher sales 278 expenses 236 4,500 2,195 Higher other SG&A 4,000 3,512 3,500 -782 3,000 -329 2,500 2,000 1,914 Wages raised to attract and M&A expen
Slide 7: Net sales and profit by segment: Advanced Mobility
Analysis: Net sales and profit by segment Advanced Mobility FY9/25 FY9/26 YoY (¥mn) Actual Actual Change % Net sales 7,595 9,569 +1,974 +26.0% Segment profit 707 1,663 +956 +135.1% Net sales Segment profit Notes ■ Sales rose sharply: AD/ADAS* evaluation systems (¥mn) 10,000 9,569 2,000 7,595 1,663 (
Slide 8: Net sales and profit by segment: Sustainable Energy
Analysis: Net sales and profit by segment Sustainable Energy FY9/25 FY9/26 YoY (¥mn) Actual Actual Change % Net sales 5,841 6,190 +349 +6.0% Segment profit 943 1,128 +185 +19.6% Net sales Segment profit (¥mn) Notes 7,000 5,841 6,190 1,400 1,128 ■ Core electrochemical measurement and 943 hydrogen-rel
Slide 9: Net sales and profit by segment: ICT / Information Security
Analysis: Net sales and profit by segment ICT / Information Security FY9/25 FY9/26 YoY (¥mn) Actual Actual Change % Net sales 8,120 9,324 +1,204 +14.8% Segment profit 686 888 +202 +29.4% Net sales Segment profit Notes (¥mn) 10,000 9,324 8,120 1,000 888 ■ Core network performance testing products for
Slide 10: Net sales and profit by segment: EMC & Antenna Systems
Analysis: Net sales and profit by segment EMC & Antenna Systems FY9/25 FY9/26 YoY (¥mn) Actual Actual Change % Net sales 4,427 4,981 +554 +12.5% Segment profit 168 439 +271 +160.4% Net sales Segment profit (¥mn) Notes 4,981 600 5,000 4,427 439 ■ Sales rose on recognition of multiple large- scale pro
Slide 11: Net sales and profit by segment: Other businesses
Analysis: Net sales and profit by segment Other businesses (Defense & Security / Ocean, Software Quality & Productivity, Others) FY9/25 FY9/26 YoY (¥mn) Actual Actual Change % Net sales 6,573 8,305 +1,732 +26.4% Segment profit 631 1,224 +593 +93.9% Net sales Segment profit Notes (¥mn) 9,000 8,305 1,
Slide 12: Consolidated balance sheet: Major items
Consolidated balance sheet: Major items Assets Liabilities and net assets Cash and deposits up on advances received for large Cancelling 4.0M treasury shares sharply reduced projects, new M&A subsidiaries, deposit transfer retained earnings (¥mn) Current assets 39,937 41,252 41,252 Liabilities 39,93
Slide 14: Overview of new orders and order backlog
Overview of new orders and order backlog New orders on par with record-high previous year; backlog also up  New orders: −1.4% YoY Auto customers (domestic/overseas) reviewing investment on US tariffs, EV policy shifts and rising material costs; several large projects delayed Orders held near previo
Slide 15: Recent trends – New orders & order backlog
Recent trends – New orders & order backlog (year-end) New orders have trended sharply upward on more large projects and M&A (¥mn) New orders ■ Order backlog (right axis) 40,151 39,573 40,000 Excluding special large 40,000 defense order: ¥37,429mn 32,000 35,000 33,628 24,625 25,827 30,226 30,779 24,0
Slide 16: Orders & order backlog by segment
Orders & order backlog by segment FY9/25 FY9/26 YoY (¥mn) Actual Actual Notes Change % ■ New orders fell as automakers reviewed Orders 9,762 8,672 −1,090 −11.2% investment in autonomous driving, EV charging and motor evaluation systems Advanced Mobility Backlog 6,985 6,089 −896 −12.8% ■ Backlog fell
Slide 17: Orders & order backlog by segment
Orders & order backlog by segment YoY FY9/25 FY9/26 (¥mn) Notes Actual Actual Change % ■ New orders rose on large defense-related Orders 5,130 5,352 +222 +4.3% orders, despite timing slips of large EMC & Antenna automotive systems projects due to Systems customer circumstances Backlog 3,296 3,666 +3
Slide 18: 3. TY2027 medium-term management plan progress and FY9/27 forecast
3. TY2027 medium-term management plan progress and FY9/27 forecast ©TOYO Corporation
Slide 19: TY2027 medium-term management plan
TY2027 medium-term management plan TY2027 medium-term management plan (FY9/25-FY9/27) management KPIs and strategies ■ Management KPIs (FY9/27) Sales ¥45.0bn +α (M&A) OP ¥4.5bn ROE 11% ■ Business strategies 1. Focus business areas 3. Expansion of overseas businesses • Defense & Security • Establish
Slide 20: Business strategy – M&A and new businesses
Business strategy – M&A and new businesses Environmental monitoring M&A / new business posts that continuously monitor environmental Radiation measurement equipment maker radiation on and around nuclear facility sites Aloka becomes a subsidiary RI monitor systems for • Specialist maker of radiation
Slide 21: Business strategy – M&A and new businesses: IQM quantum computers
Business strategy – M&A and new businesses New business Decision to introduce two IQM quantum computers Installed at AIST’s G-QuAT and Company R&D Center • Decided to purchase superconducting quantum computer “IQM Radiance” from IQM (Finland) for installation at AIST’s “G-QuAT*”. First installation
Slide 22: Business strategy – M&A, new businesses / Focus areas
Business strategy – M&A, new businesses / Focus areas New business Advanced Mobility Joint research on quantum sensing* Large project delivered: begun with national institute and its spin-off in-house ROTOTEST® Energy Hub dynamometer “ROTOTEST® Energy ” • Started joint research with QST (National ma
Slide 23: Business strategy – Focus business areas
Business strategy – Focus business areas Defense business FY9/27 sales expected to exceed ¥5.0bn on large project bookings. Continued large project wins expected across multiple segments, making this a core business of the Company Defense & Security new orders and sales TOPIC ■Exhibited at SEECAT ’2
Slide 24: Financial & capital strategies – Cash allocation
Financial & capital strategies – Cash allocation Prioritizing growth investment while strengthening foundations and returning to shareholders • FY9/27 (final year): use external funding for growth investment to raise capital efficiency In FY9/27, use capital in excess of Cash in Cash out Basic capit
Slide 25: Sustainability Management
Sustainability Management Linking human capital investment & stronger governance to sustainable growth in corporate value ■ Investment in human capital ■ Stronger governance Health & productivity management Separation of management and execution ・In Oct 2025, changed the executive structure to separ
Slide 26: FY9/27 full-year forecast
FY9/27 full-year forecast TY2027 final year: sales and profit growth expected to exceed KPIs • Sales to rise substantially on high order backlog at start of year, booking of large defense projects and consolidation of Aloka • OP also expected to rise substantially on higher sales and better OPM; KPI
Slide 28: Financial & capital strategies – Dividend policy
Financial & capital strategies – Dividend policy Dividend hikes continue; 10th straight hike planned for FY9/27 Forecast 10th straight dividend hike in FY9/27; aiming for further hikes DOE introduced under TY2027 to pay stable dividends unaffected by single-year results thereafter Dividend policy fo
Slide 29: Financial & capital strategies – Treasury stock & benefits
Financial & capital strategies – Treasury stock & benefits Enhancing returns via flexible treasury stock acquisition and shareholder benefits ■ Treasury stock acquisition & cancellation ■ Shareholder benefit program Acquired Aug 2026 Announced in May 2026 Shareholders holding 300+ shares at end-Sep
Slide 30: 5. Realizing management conscious of cost of capital and stock price
5. Realizing management conscious of cost of capital and stock price ©TOYO Corporation
Slide 31: Current analysis
Current analysis ROE improved in FY9/26 on higher revenues. Aiming to widen the spread further Cost of equity ROE (FY9/26) PBR (Sep 2026) 6.5–7.9% 8.6% 1.39x Estimated using CAPM and inverse of FY9/25 actual: 4.3% End Sep 2025: 1.23x PER as of end Sep 2026 ROE trend and cost of equity Factors behind
Slide 32: Initiatives to improve PBR
Initiatives to improve PBR Raising ROE and PER through the TY2027 plan to drive sustained PBR improvement TY2027 Business strategy Improve 01 profitability Growth businesses / higher value- added / Overseas expansion / M&A ROE ( See slides 20-23) PBR = ROE × PER Financial and capital strategies Opti
Slide 33: Strengthening IR activities
Strengthening IR activities Broadening contact with shareholders and investors and reflecting their feedback in management IR meetings Trading volume Price (max) ■ Feedback received and response End FY9/25: 1.9x 4.8x 1.4x Sep 2025 avg: 36K FY9/25: 39 ¥1,598 shares, Sep 2026 Quarterly OP fluctuates w
Slide 34: Raising corporate value in the long term
Raising corporate value in the long term Further increasing corporate value through growth investment and improved capital efficiency Growth measures from 2027 Targets for 2030 Growth businesses (defense, Share price (monthly, quantum) Sales OP (right axis, ¥bn) reference) More proprietary products
Slide 35: IR information and contact
Watch the discussion between the President and a IR IR leading investor on the individual investor page News Alerts Website (Japanese only) https://www.toyo.co.jp/english/ir/mail-magazine/ https://www.toyo.co.jp/english/ir/ Click here for IR news alert registration We send IR information by e-mail i

TOYO — FY9/26 Earnings Presentation on 6ix

TOYO — FY9/26 Earnings Presentation

Slide 1: FY9/26 results presentation

Slide 2: Contents

Slide 3: 1. FY9/26 results

Slide 4: FY9/26 highlights

Slide 5: GPM trends

Slide 6: Operating profit YoY variance

Slide 7: Net sales and profit by segment: Advanced Mobility

Slide 8: Net sales and profit by segment: Sustainable Energy

Slide 9: Net sales and profit by segment: ICT / Information Security

Slide 10: Net sales and profit by segment: EMC & Antenna Systems

Slide 11: Net sales and profit by segment: Other businesses

Slide 12: Consolidated balance sheet: Major items

Slide 13: 2. Orders & order backlog

Slide 14: Overview of new orders and order backlog

Slide 15: Recent trends – New orders & order backlog

Slide 16: Orders & order backlog by segment

Slide 17: Orders & order backlog by segment

Slide 18: 3. TY2027 medium-term management plan progress and FY9/27 forecast

Slide 19: TY2027 medium-term management plan

Slide 20: Business strategy – M&A and new businesses

Slide 21: Business strategy – M&A and new businesses: IQM quantum computers

Slide 22: Business strategy – M&A, new businesses / Focus areas

Slide 23: Business strategy – Focus business areas

Slide 24: Financial & capital strategies – Cash allocation

Slide 25: Sustainability Management

Slide 26: FY9/27 full-year forecast

Slide 27: 4. Shareholder returns

Slide 28: Financial & capital strategies – Dividend policy

Slide 29: Financial & capital strategies – Treasury stock & benefits

Slide 30: 5. Realizing management conscious of cost of capital and stock price

Slide 31: Current analysis

Slide 32: Initiatives to improve PBR

Slide 33: Strengthening IR activities

Slide 34: Raising corporate value in the long term

Slide 35: IR information and contact