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Financial results presentation4409TOHO CHEMICAL INDUSTRY COMPANY,LIMITEDMaterials and Chemicals

Fiscal Year Ended March 2024: Interim Financial Results Presentation Materials

In the first half of the fiscal year ending March 2024, revenue and operating income were below the year-earlier period due to weak overseas demand for automobiles and electronic information materials and lower production of petroleum resins. Ordinary income, however, exceeded the year-earlier period.

Worth reading
48Recurring
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-2574
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentation2024年3月期 第2四半期8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥24,941 million
Operating profit¥256 million
Ordinary income¥214 million
Net income¥131 million
Results for the three months of the current quarter
Net Sales
¥12,313 million
Operating profit
¥291 million
Full-year earnings forecast
Net Sales
¥50,500 million
Operating profit
¥700 million
Ordinary income
¥600 million
Profit attributable to owners of the parent
¥390 million
Earnings per share
¥18.55
Annual dividend
¥17
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
計画最終年度の数値目標から大きく乖離する見込み
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
中国経済の低迷、半導体不況の長期化、原料不足による石油樹脂の減産影響を前提としているが、数値はNot disclosed
New initiatives
  • 電子情報材料分野での次期設備増設への着手
  • 先端製品開発への注力
  • 日本から東邦化学（上海）有限公司への製造移管による生産量拡大
  • 工場間の製造移管およびDCS化による省人化
  • 研究開発テーマへの重点投入
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥1,775 million
    Year on year against the same period last year前年同期1,818百万円から減少
  • Equity ratio27 %
    Year on year against the same period last year前年同期26.0%から上昇
  • Debt-to-equity ratio1.55 times
    Year on year against the same period last year前年同期1.62倍から低下
  • Overseas Revenue Mix14.3 %
    Year on year against the same period last year前年同期15.7%から低下
Segment results
  • Surfactants
    Net Sales¥14,183 million
    Segment profit¥165 million
    Net sales in the same period of the previous year¥14,999 million
    Profit for the same period of the previous fiscal year¥284 million
  • Resins
    Net Sales¥1,702 million
    Segment loss¥-65 million
    Net sales in the same period of the previous year¥2,550 million
    前年同期損失¥-55 million
  • Chemical Products
    Net Sales¥2,755 million
    Segment Profit or Loss¥14 million
    Net sales in the same period of the previous year¥3,670 million
    前年同期損益¥-34 million
  • Specialty chemicals
    Net Sales¥6,229 million
    Segment profit¥193 million
    Net sales in the same period of the previous year¥6,238 million
    Profit for the same period of the previous fiscal year¥112 million
Medium-term management plan targets
Plan nameTOHO Step Up Plan 2024
Target fiscal yearFiscal year ending March 2025
Net Sales
¥60,000 million
Operating profit
¥3,000 million
Operating Margin
5 %
Net assets
¥20,500 million
Equity ratio
28 %
ROE
10.0以上
Dividend per share
¥20
Comparison with actual results2024年3月期予想は計画目標を下回る
Financial targets
Equity ratio
Target28 %
Actual results26 %
ROE
Target10.0以上
Actual results5.7 %
Debt-to-equity ratio
Actual results1.55 times
Annual Dividend
Annual
¥17
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2024年3月期 第2四半期
Net Sales¥24,941 million
Operating profit¥256 million
Ordinary income¥214 million
Net income¥131 million
Results for the three months of the current quarterNet Sales ¥12,313 million / Operating profit ¥291 million
Full-year earnings forecastNet Sales ¥50,500 million / Operating profit ¥700 million / Ordinary income ¥600 million / Profit attributable to owners of the parent ¥390 million / Earnings per share ¥18.55 / Annual dividend ¥17
Self-assessment against the plan計画最終年度の数値目標から大きく乖離する見込み
Segment resultsSegment Surfactants / Net Sales ¥14,183 million / Segment profit ¥165 million / Net sales in the same period of the previous year ¥14,999 million / Profit for the same period of the previous fiscal year ¥284 million, Segment Resins / Net Sales ¥1,702 million / Segment loss ¥-65 million / Net sales in the same period of the previous year ¥2,550 million / 前年同期損失 ¥-55 million, Segment Chemical Products / Net Sales ¥2,755 million / Segment Profit or Loss ¥14 million / Net sales in the same period of the previous year ¥3,670 million / 前年同期損益 ¥-34 million, Segment Specialty chemicals / Net Sales ¥6,229 million / Segment profit ¥193 million / Net sales in the same period of the previous year ¥6,238 million / Profit for the same period of the previous fiscal year ¥112 million
Key KPIsIndicator name EBITDA / Value ¥1,775 million / Year on year against the same period last year 前年同期1,818百万円から減少, Indicator name Equity ratio / Value 27 % / Year on year against the same period last year 前年同期26.0%から上昇, Indicator name Debt-to-equity ratio / Value 1.55 times / Year on year against the same period last year 前年同期1.62倍から低下, Indicator name Overseas Revenue Mix / Value 14.3 % / Year on year against the same period last year 前年同期15.7%から低下
Assumptions Underlying the Business Outlook中国経済の低迷、半導体不況の長期化、原料不足による石油樹脂の減産影響を前提としているが、数値はNot disclosed
Medium-term management plan targetsPlan name TOHO Step Up Plan 2024 / Target fiscal year Fiscal year ending March 2025 / Net Sales ¥60,000 million / Operating profit ¥3,000 million / Operating Margin 5 % / Net assets ¥20,500 million / Equity ratio 28 % / ROE 10.0以上 / Dividend per share ¥20 / Comparison with actual results 2024年3月期予想は計画目標を下回る
Financial targetsEquity ratio Target 28 % / Actual results 26 % / ROE Target 10.0以上 / Actual results 5.7 % / Debt-to-equity ratio Actual results 1.55 times
Annual DividendAnnual ¥17 / Interim Not disclosed / End of period Not disclosed
New initiatives電子情報材料分野での次期設備増設への着手, 先端製品開発への注力, 日本から東邦化学（上海）有限公司への製造移管による生産量拡大, 工場間の製造移管およびDCS化による省人化, 研究開発テーマへの重点投入
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

売上高は、海外の自動車関連・電子情報材料関連をはじめとする需要の低迷、原料不足による石油樹脂の減産で減収となった。営業利益は、売上高減少の影響、人件費・設備費など固定費の増加、不正アクセス対応費用および情報セキュリティ強化対策費用の発生により減益となった。

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This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Fiscal Year Ended March 2024: Interim Financial Results Presentation Materials | TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) timely disclosure | Komori