Tomoe Engineering (6309): FY2025 Results Summary — Record Highs Across Both Chemicals and Machinery

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Tomoe Engineering Co., Ltd. (TSE: 6309) released its IR Presentation for the Fiscal Year Ended October 2025 (November 2024 – October 2025) on December 23, 2025. Net sales came to 59,365 million yen, up 7,246 million yen or 13.9% year on year, and the company states that net sales and profit reached record highs for the second consecutive year, while operating profit and ordinary profit achieved record highs for the fifth consecutive year. Both of the company’s two pillars — the Chemical Products Business (a trading operation) and the Machinery & Equipment Business (centrifuge manufacturing) — grew, with the Machinery & Equipment Business providing the main earnings lift. Note: figures below follow the presentation’s own labels; the company’s fiscal year ends in October, so its “Fiscal Year Ended October 2025” is the latest completed full year.

Consolidated Results (Full-Year Actual)

Net sales increased by 13.9% year on year, driven by growth in both business segments, and ordinary profit increased by 13.1% year on year, supported by higher earnings in the Machinery & Equipment Business. The presentation notes that the dissolution and liquidation of Interstella Group boosted net profit for the period by approximately 180 million yen (the note is attached to the October 2024 figure). Figures are stated in millions of yen and are rounded down to the nearest million yen, so totals may not sum.

Item	October, 2024 (Result)	October, 2025 (Result)	Change	%
Net Sales	52,119	59,365	+7,246	+13.9
Operating Profit	4,703	5,352	+649	+13.8
Ordinary Profit	4,775	5,401	+626	+13.1
Profit Attributable to Owners of Parent	* 3,616	3,851	+235	+6.5

On the balance sheet, total assets stood at 56,385 million yen, up 3,196 million yen or 6.0% from the previous year-end, with fixed assets up 3,679 million yen (+33.6%) on items including Land (+2,339) and Retirement benefit asset (+811). Total liabilities decreased by 189 million yen (-1.4%) to 13,648 million yen, and total net assets rose 3,385 million yen (+8.6%) to 42,737 million yen, with retained earnings up 1,943 million yen.

Segment Results

In the Chemical Products Business, net sales increased by 12.8% year on year, driven by growth in resin additives and materials for coating applications, while operating profit decreased by 0.2% year on year, mainly due to higher SG&A expenses resulting from increased personnel expenses. In the Machinery & Equipment Business, net sales increased by 17.2% year on year, supported by strong orders and robust sales to both public and private sectors, and operating profit came to 1,844 million yen, up 55.4% year on year with a profit ratio of 12.1%.

Business / Item	October, 2024 (Result)	Profit Ratio (%)	October, 2025 (Result)	Year on year (%)	Profit Ratio (%)
Chemical Products — Net Sales	39,115	–	44,127	+12.8	–
Chemical Products — Gross Profit	8,692	22.2	9,122	+4.9	20.7
Chemical Products — Operating Profit	3,516	9.0	3,508	▲0.2	8.0
Machinery & Equipment — Net Sales	13,004	–	15,238	+17.2	–
Machinery & Equipment — Gross Profit	4,799	36.9	5,865	+22.2	38.5
Machinery & Equipment — Operating Profit	1,187	9.1	1,844	+55.4	12.1

Within the Chemical Products Business, the mineral products sector was the largest swing factor, with strong performance of additives (Antimony trioxide) for resins due to China’s export restrictions. The chemical products sector benefited from materials for coating applications on the acquisition of new business rights, while the advanced materials, electronic materials, industrial materials and synthetic resin sectors all declined.

Chemical Products Business — Sector	October, 2024	October, 2025	Difference
Chemical products sector	9,633	10,483	+850
Mineral products sector	6,329	13,915	+7,586
Industrial materials sector	6,592	6,510	-82
Advanced materials sector	7,204	5,227	-1,977
Electronic materials sector	4,679	4,368	-311
Synthetic resin sector	4,523	3,619	-904
Total	39,115	44,127	+5,011

In the Machinery & Equipment Business, sales by market were 5,915 million yen in the public sector (+1,400), 4,941 million yen in the private sector (+1,315) and 4,381 million yen in overseas markets (-480), for a total of 15,238 million yen (+2,234). By product classification, machinery reached 3,881 million yen (+959), equipment & construction works 2,485 million yen (+908) and components & repair services 8,871 million yen (+366). The company cites a rise in prime contractor orders in metropolitan areas for the public sector, strong demand in the petrochemical and pharmaceutical sectors for the private sector, and sales of equipment for semiconductors overseas.

Order intake in the Machinery & Equipment Business was 15,512 million yen for the fiscal year ended October 2025, against 16,100 million yen in the prior year, while the order backlog increased by 275 million yen year on year to 13,831 million yen, which the company describes as a record high. For the fiscal year ending October 2026, the company shows order intake of 16,423 million yen, net sales of 17,400 million yen and an order backlog of 12,853 million yen.

FY2026 Forecast (Fiscal Year Ending October 2026)

Driven by the growth of both businesses, the company expects sales and all profit indicators to reach record highs. Net sales are forecast at 63,200 million yen (+6.5%), with operating profit of 5,750 million yen (+7.4%), ordinary profit of 5,770 million yen (+6.8%) and profit attributable to owners of parent of 4,200 million yen (+9.1%). The presentation states that sales are expected to achieve a record high for the third consecutive term and that operating and ordinary profit are projected to reach record highs for the sixth consecutive term.

Item	October, 2025 (Result)	October, 2026 (Forecast)	Change	%
Net Sales	59,365	63,200	+3,834	+6.5
Operating Profit	5,352	5,750	+397	+7.4
Ordinary Profit	5,401	5,770	+368	+6.8
Profit Attributable to Owners of Parent	3,851	4,200	+348	+9.1

By segment, the Chemical Products Business is guided to net sales of 45,800 million yen (+3.8%) — despite an anticipated decline in the mineral products sector as special demand for resin additives begins to settle, offset by higher sales of chemical products and advanced materials — with operating profit of 3,670 million yen (+4.6%). The Machinery & Equipment Business is guided to net sales of 17,400 million yen (+14.2%) and operating profit of 2,080 million yen (+12.8%), driven by machinery and components and repair services in the domestic private sector and overseas.

Business / Item	October, 2025 (Result)	H1 (Forecast)	H2 (Forecast)	Full fiscal year (Forecast)	Year on year (%)	Profit Ratio (%)
Chemical Products — Net Sales	44,127	22,000	23,800	45,800	+3.8	–
Chemical Products — Gross Profit	9,122	4,630	5,040	9,670	+6.0	21.1
Chemical Products — Operating Profit	3,508	1,630	2,040	3,670	+4.6	8.0
Machinery & Equipment — Net Sales	15,238	9,797	7,603	17,400	+14.2	–
Machinery & Equipment — Gross Profit	5,865	3,858	2,822	6,680	+13.9	38.4
Machinery & Equipment — Operating Profit	1,844	1,678	402	2,080	+12.8	12.0

For the Machinery & Equipment Business in the fiscal year ending October 2026, the company forecasts public sector sales of 6,053 million yen (+138), private sector sales of 5,272 million yen (+330) and overseas sales of 6,074 million yen (+1,693). Overseas machinery is expected to rise significantly on petrochemical demand in China, while equipment & construction works in the private sector is expected to decline sharply due to the absence of installation work related to machinery sales. The presentation notes that sales of Binary Power Generation equipment and new products (the “Third Pillar”) are included in components & repair services for the private sector.

Shareholder Returns

In its summary of the fiscal year ended October 2025, the company states that the dividend was increased to 181 yen per share annually on a pre-stock-split basis. Further details of the shareholder return policy, including the dividend forecast for the fiscal year ending October 2026, cannot be confirmed from the materials.

Topics

The presentation is organised around two themes: “For Sustainable Future” for the results section and “Create The New Future” for the forecast section. Beyond the segment commentary above, no medium-term management plan targets are disclosed in this document.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.