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Presentation materials for financial results4409TOHO CHEMICAL INDUSTRY COMPANY,LIMITEDMaterials and Chemicals

Fiscal Year Ended March 2024: Financial Results Presentation Materials

For the fiscal year ended March 2024, revenue declined due to weak demand and shortages of raw materials, while operating income, ordinary income and net income declined due to higher fixed costs and expenses related to responding to unauthorized access. The resin segment, however, moved from a loss to a profit.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-4764
¥ million (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ended March 20249 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥50,596 million
Operating profit¥771 million
Ordinary income¥743 million
Net income¥546 million
Operating profit margin1.5 %
Full-year earnings forecast
Fiscal year ending March 2025
Net Sales
¥52,500 million
Operating profit
¥1,300 million
Ordinary income
¥1,100 million
Net income
¥940 million
Earnings per share
¥44.7
Annual dividend
¥18
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と大きく乖離
New initiatives
  • 電子情報材料分野の生産要員教育・生産工程自動化・適正在庫確保
  • 原材料安定確保のための冷蔵倉庫新設
  • 東邦化学（上海）有限公司への国内工場からの生産移管
  • ISO45001の取得
  • CO2排出量算定支援システムの導入
  • 社員研修用インターネットサイトの新設
  • ガラス繊維用新製品の販売開始
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥3,725 million
  • ROE3 %
  • ROA0.8 %
  • Operating margin1.5 %
    Year on year against the same period last year-1.0%
  • Equity ratio27.3 %
  • Debt-to-equity ratio1.48 times
  • Overseas Revenue Mix15.3 %
  • Payout ratio65.4 %
Segment results
  • Surfactants
    Net Sales
    Fiscal year ended March 2023 ¥30,062 million / Fiscal year ended March 2024 ¥27,574 million
    Segment profit
    Fiscal year ended March 2023 ¥774 million / Fiscal year ended March 2024 ¥427 million
  • Resins
    Net Sales
    Fiscal year ended March 2023 ¥4,957 million / Fiscal year ended March 2024 ¥3,964 million
    Segment Profit or Loss
    Fiscal year ended March 2023 ¥-8 million / Fiscal year ended March 2024 ¥0 million
  • Chemical Products
    Net Sales
    Fiscal year ended March 2023 ¥6,934 million / Fiscal year ended March 2024 ¥5,935 million
    Segment profit
    Fiscal year ended March 2023 ¥134 million / Fiscal year ended March 2024 ¥9 million
  • Specialty chemicals
    Net Sales
    Fiscal year ended March 2023 ¥13,272 million / Fiscal year ended March 2024 ¥12,997 million
    Segment profit
    Fiscal year ended March 2023 ¥418 million / Fiscal year ended March 2024 ¥407 million
Medium-term management plan targets
Plan nameTOHO Step Up Plan 2024
Target fiscal yearFiscal year ending March 2025
Target
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
Actual for the fiscal year ended March 2024
Net Sales
¥50,596 million
Operating profit
¥771 million
Operating Margin
1.5 %
Net assets
¥19,160 million
Equity ratio
27.3 %
ROE
3 %
Dividend per share
¥17
Financial targets
Target
Equity ratio28 %
ROE10.0以上
Actual results
Equity ratio27.3 %
ROE3 %
Debt-to-equity ratio1.48 %
DEレシオ_unittimes
Annual Dividend
Fiscal year ended March 2024¥17 per share
2025年3月期予想¥18 per share
Payout ratio
65.4 %
Three months of the current quarter
2024年3月期第4四半期
Net Sales
¥12,853 million
Operating profit
¥277 million
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ended March 2024
Net Sales¥50,596 million
Operating profit¥771 million
Ordinary income¥743 million
Net income¥546 million
Operating profit margin1.5 %
Three months of the current quarterSubject 2024年3月期第4四半期 / Net Sales ¥12,853 million / Operating profit ¥277 million
Full-year earnings forecastSubject Fiscal year ending March 2025 / Net Sales ¥52,500 million / Operating profit ¥1,300 million / Ordinary income ¥1,100 million / Net income ¥940 million / Earnings per share ¥44.7 / Annual dividend ¥18
Self-assessment against the plan計画最終年度の数値目標と大きく乖離
Segment resultsSegment Surfactants / Net Sales Fiscal year ended March 2023 ¥30,062 million / Fiscal year ended March 2024 ¥27,574 million / Segment profit Fiscal year ended March 2023 ¥774 million / Fiscal year ended March 2024 ¥427 million / yoy_pct Not disclosed, Segment Resins / Net Sales Fiscal year ended March 2023 ¥4,957 million / Fiscal year ended March 2024 ¥3,964 million / Segment Profit or Loss Fiscal year ended March 2023 ¥-8 million / Fiscal year ended March 2024 ¥0 million / yoy_pct Not disclosed, Segment Chemical Products / Net Sales Fiscal year ended March 2023 ¥6,934 million / Fiscal year ended March 2024 ¥5,935 million / Segment profit Fiscal year ended March 2023 ¥134 million / Fiscal year ended March 2024 ¥9 million / yoy_pct Not disclosed, Segment Specialty chemicals / Net Sales Fiscal year ended March 2023 ¥13,272 million / Fiscal year ended March 2024 ¥12,997 million / Segment profit Fiscal year ended March 2023 ¥418 million / Fiscal year ended March 2024 ¥407 million / yoy_pct Not disclosed
Key KPIsIndicator name EBITDA / Value ¥3,725 million / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 3 % / Year on year against the same period last year Not disclosed, Indicator name ROA / Value 0.8 % / Year on year against the same period last year Not disclosed, Indicator name Operating margin / Value 1.5 % / Year on year against the same period last year -1 %, Indicator name Equity ratio / Value 27.3 % / Year on year against the same period last year Not disclosed, Indicator name Debt-to-equity ratio / Value 1.48 times / Year on year against the same period last year Not disclosed, Indicator name Overseas Revenue Mix / Value 15.3 % / Year on year against the same period last year Not disclosed, Indicator name Payout ratio / Value 65.4 % / Year on year against the same period last year Not disclosed
Medium-term management plan targetsPlan name TOHO Step Up Plan 2024 / Target fiscal year Fiscal year ending March 2025 / Target 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 / Actual for the fiscal year ended March 2024 Net Sales ¥50,596 million / Operating profit ¥771 million / Operating Margin 1.5 % / Net assets ¥19,160 million / Equity ratio 27.3 % / ROE 3 % / Dividend per share ¥17
Financial targetsTarget Equity ratio 28 % / ROE 10.0以上 / Debt-to-equity ratio Not disclosed / Actual results Equity ratio 27.3 % / ROE 3 % / Debt-to-equity ratio 1.48 % / DEレシオ_unit times
Annual DividendFiscal year ended March 2024 ¥17 per share / 2025年3月期予想 ¥18 per share / Interim and Year-End Breakdown Not disclosed
Payout ratio65.4 %
New initiatives電子情報材料分野の生産要員教育・生産工程自動化・適正在庫確保, 原材料安定確保のための冷蔵倉庫新設, 東邦化学（上海）有限公司への国内工場からの生産移管, ISO45001の取得, CO2排出量算定支援システムの導入, 社員研修用インターネットサイトの新設, ガラス繊維用新製品の販売開始
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition 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.

海外の自動車関連・電子情報材料関連を中心とした需要低迷、原料不足による石油樹脂の減産、香粧原料の大口ユーザー向け販売減少により減収となった。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。

How to read this page

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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
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: Financial Results Presentation Materials | TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) timely disclosure | Komori