Toyo Denki Seizo K.K. provided consolidated earnings guidance for the six months of fiscal year ending May 31, 2023. For the six months, the company expects net sales of JPY 16,000 million, operating loss of JPY 80 million, net income attributable to owners of the parent of JPY 300 million or JPY 33.56 per share.

For the year ending May 31, 2023, the company expects net sales of JPY 34,000 million, operating income of JPY 450 million, net income attributable to owners of the parent of JPY 800 million or JPY 89.48 per share.