Toyota Industries finished the year to March 2026 with revenue of ¥4.37tn, the highest figure in the five-year IFRS summary disclosed in its annual report. The less cheerful line sits just below it: operating profit fell to ¥137.0bn from ¥221.7bn a year earlier, and profit attributable to owners of parent slipped to ¥223.8bn from ¥262.3bn.
The summary does not explain the split between rising sales and weaker operating earnings, at least not in the evidence available here. But the pattern is hard to miss. Revenue has climbed in each of the five years shown, from ¥2.71tn to ¥4.37tn, while operating profit in the latest year is the lowest figure in that same series. Basic earnings per share also eased to 744.75 from 856.96.
| Year ended March | Revenue | Operating profit | Parent profit | Total assets |
|---|---|---|---|---|
| 2022 | ¥2.71tn | ¥159.1bn | ¥180.3bn | ¥7.63tn |
| 2023 | ¥3.38tn | ¥169.9bn | ¥192.9bn | ¥7.82tn |
| 2024 | ¥3.83tn | ¥200.4bn | ¥228.8bn | ¥11.08tn |
| 2025 | ¥4.08tn | ¥221.7bn | ¥262.3bn | ¥9.40tn |
| 2026 | ¥4.37tn | ¥137.0bn | ¥223.8bn | ¥11.19tn |
The balance sheet moved the other way. Total assets ended the year at ¥11.19tn, up from ¥9.40tn in the prior year, and the owners' equity ratio stood at 60.53%. Comprehensive income, meanwhile, remained far more volatile than the ordinary profit line. In the five-year sequence disclosed, it ranges from negative ¥938.1bn and negative ¥26.3bn to positive ¥2.29tn and ¥1.93tn in the latest year.
For readers outside Japan, the useful signal is simple: this was a year of greater reported scale, but weaker operating profit. Just as important, the filing excerpt available here is a summary, not a diagnosis. It gives the numbers, but not the operating explanation behind the profit drop or the swing in comprehensive income.