Toyota Group parts suppliers FY2025 financial forecast revised upward

On February 2, five Toyota Group medium-sized parts suppliers announced their financial forecasts for the fiscal year ending March 31, 2026 (FY 2025). The Toyota Group parts suppliers FY2025 financial forecast highlights improving business conditions, supported by higher vehicle production, stronger overseas demand, and progress in passing cost increases on to customers.

Upward revisions in sales and profit outlook

Three suppliers, Tokai Rika Co., Ltd., Futaba Industrial Co., Ltd., and Aisan Industry Co., Ltd., revised their net sales forecasts upward. The revisions reflect steady growth in vehicle production volumes and improved pricing discipline, which helped counter rising material and logistics costs during the fiscal year.

Currency movements and profitability impact

Chuo Spring Co., Ltd. revised its ordinary profit and net income forecasts upward, primarily due to the depreciation of the yen. The weaker currency enhanced the value of overseas earnings, strengthening margins and supporting overall profitability despite external cost pressures.

Market demand and operational recovery

Vehicle production increased mainly due to growing demand in North America. In parallel, suppliers benefited from a rebound following the resolution of certification irregularities in Japan, which had previously weighed on production and shipment volumes across the supply chain.

Tariff pressure offset by structural gains

Although U.S. tariffs continued to exert downward pressure, their impact was more than offset by higher production volumes, pricing pass-through measures, and operational normalization. These factors collectively supported a more resilient earnings outlook for FY 2025.

Record performance milestones

Aisan Industry is expected to achieve an all-time high in operating profit for the fourth consecutive fiscal year, underscoring sustained earnings momentum. Tokai Rika, Taiho Kogyo Co., Ltd., and Chuo Spring also recorded all-time high net sales in their consolidated results for the nine months ended December 31, 2025.

One-time gains and product-led growth

Chuo Spring achieved a record high in net income, supported by increased sales of new stabilizers and a substantial capital gain from the sale of shareholdings. These factors further strengthened the company’s financial position and contributed to the overall positive tone of the Toyota Group parts suppliers FY2025 financial forecast.