Topre Corporation Reports 5.3% Increase in Net Sales, 27.6% Decline in Ordinary Profit for Fiscal Year Ending March 31, 2025
Topre Corporation reported a 5.3% increase in net sales to 373.5 billion yen for the fiscal year ending March 31, 2025, driven by growth in Mexico and India. However, ordinary profit fell 27.6% to 27.3 billion yen due to a foreign exchange loss. Operating profit rose 27.9% to 28.6 billion yen, supported by higher sales in North America. The company's overall profit decreased by 17.3% to 14.1 billion yen, impacted by an impairment loss on a foreign subsidiary. No earnings forecast was provided for the next fiscal year.
Topre Corporation has announced its financial results for the fiscal year ended March 31, 2025. The company reported net sales of 373.5 billion yen, marking an increase of 5.3% year-over-year. This growth was attributed to higher material volume in Mexico and India, as well as an increase in market share within its temperature-controlled business due to improvements in chassis delivery conditions. Operating profit for the year reached 28.6 billion yen, up 27.9% from the previous year, driven by higher net sales in North America and successful price pass-through in the temperature-controlled business segment. However, ordinary profit experienced a decline of 27.6% to 27.3 billion yen. This decrease was primarily due to a foreign exchange loss of 2.3 billion yen on foreign currency-denominated assets, contrasting with a foreign exchange gain of 13.4 billion yen in the previous fiscal year. The company's profit also saw a decrease of 17.3%, amounting to 14.1 billion yen. This decline was partly due to the recognition of an impairment loss of 6.2 billion yen on a foreign subsidiary. Looking ahead, Topre Corporation has not provided a detailed earnings forecast for the fiscal year ending March 31, 2026, in this announcement.
