Toyo Engineering maintains FY2027 forecast, cites solid progress in Q1

• Toyo Engineering kept its forecast for the year ending March 2027, targeting net sales of JPY 190 billion.
• Full-year outlook calls for gross profit of JPY 28 billion, operating profit of JPY 7.5 billion, ordinary profit of JPY 6 billion.
• Forecast also includes profit attributable to owners of parent of JPY 4.5 billion.
• First-quarter net sales were JPY 48.1 billion, operating profit JPY 1.9 billion, ordinary profit JPY 3.3 billion, net profit JPY 2.8 billion.
• Gross margin reached 17.3%, supported by highly profitable overseas projects, with management citing solid progress toward the full-year forecast.

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