Toyo Denki (6655) Earnings: Ordinary Income Surges 155.3% YoY to 95 Million Yen, Net Income Up 138.7%

Toyo Denki (6655) has released its latest financial results, reporting net sales of 1,903 million yen, representing a 2.3% increase compared to the same period of the previous year. Profitability showed significant growth, with operating income reaching 35 million yen, ordinary income surging 155.3% year-on-year to 95 million yen, and net income attributable to owners of the parent jumping 138.7% to 70 million yen.

From a financial and valuation perspective, the company maintains a solid financial foundation with an equity ratio of 61.0%. Retained earnings stand at 4.24 billion yen, demonstrating steady capital accumulation over time. Meanwhile, Return on Equity (ROE) is recorded at 1.20% and Return on Assets (ROA) at 0.64%, indicating potential areas for future profitability enhancement. Interest-bearing debt stands at 1.65 billion yen, while EBITDA is recorded at 0.5 billion yen, reflecting ongoing stable business operations.