Tokyo Century FY25 net income rises 31% to ¥111.3 billion

  • Tokyo Century posted FY2025 net income of JPY 111.3 billion, up 31% year on year, as ROE rose 1.4 percentage points to 10.4%.
  • Base earnings power excluding one-time items climbed JPY 18.1 billion year on year to JPY 102.5 billion.
  • It booked an after-tax JPY 46.8 billion impairment loss on a biomass co-firing business; after-tax impairments totaled about JPY 59 billion.
  • FY2026 net income is forecast at JPY 123 billion; the outlook includes a JPY 2 billion after-tax risk buffer tied to Middle East uncertainty.
  • The annual dividend was set at JPY 80 for FY2025; FY2026 is planned at JPY 90, lifting the payout ratio to 35.8%.


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