Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul><li>Q2 FY9/25 resulted in a consolidated OP decline (-39.3% YoY), lowering the OP margin (Q2 FY9/24 19.4%, Q2 FY9/25 14.2%), reflecting lower segment revenue and gross profit margin for Advanced Mobility, lower segment revenue for Sustainable Energy and higher cost for Ocean, Defense &amp; Security.</li><li>The order intake increased (+20.8% YoY), attributable to Ocean, Defense &amp; Security.</li><li>Multiple order deliveries for large-scale evaluation systems for AD/ADAS development are expected in H2 FY9/25, leading to higher revenue and profits compared to previous years. As such, the full-year earnings forecast remained unchanged.</li></ul>

Q2 FY9/25 resulted in a consolidated OP decline (-39.3% YoY), lowering the OP margin (Q2 FY9/24 19.4%, Q2 FY9/25 14.2%), reflecting lower segment revenue and gross profit margin for Advanced Mobility, lower segment revenue for Sustainable Energy and higher cost for Ocean, Defense &amp; Security.The order intake increased (+20.8% YoY), attributable to Ocean, Defense &amp; Security.Multiple order deliveries for large-scale evaluation systems for AD/ADAS development are expected in H2 FY9/25, leading to higher revenue and profits compared to previous years. As such, the full-year earnings forecast remained unchanged.

Toyo Corporation (8151 JP) - Set for Strong Growth with Record-High Orders