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

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, net sales were roughly in line with the previous fiscal year, while operating profit increased by ¥272 million. Net income attributable to owners of the parent decreased by ¥16 million. No earnings or dividend forecasts have been disclosed for the fiscal year ending March 2027.

Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
272
¥ million (year-on-year increase in operating income)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥53,625 million
Operating profit¥2,088 million
Ordinary income¥1,931 million
Net income¥1,527 million net income attributable to owners of the parent
Operating profit margin3.9 %
Results for the three months of the current quarter
Net Sales
¥14,089 million
Operating profit
¥621 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Concerns have been raised regarding difficulties in procuring raw materials, sharp price increases, lower production volumes, and deteriorating profitability due to higher raw material costs, but the numerical assumptions are not disclosed.
New initiatives
  • Commencement of Phase II expansion work at the new electronic information materials plant (scheduled for completion in November 2026)
  • Cost reductions through in-house recycling of waste solvents
  • Trial implementation of raw material and product management using QR codes
  • Evaluation of AI applications, including Material Informatics (MI)
  • Revision of the personnel system in fiscal 2026
  • Review of the executive structure and generational change from fiscal 2026
  • Acquisition of RSPO SCCS certification and ISO 14001 certification
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥4,894 million
  • ROE6.8 %
  • ROA3.9 %
  • Operating margin3.9 %
  • Equity ratio33.9 %
  • Debt-to-equity ratio1.13 times
  • Overseas Revenue Mix17 %
Segment results
  • Surfactants
    Net Sales
    Fiscal year ending March 2025 ¥26,307 million / Fiscal year ending March 2026 ¥25,460 million / yoy_pct Not disclosed
    Segment profit
    Fiscal year ending March 2025 ¥737 million / Fiscal year ending March 2026 ¥791 million / yoy_pct Not disclosed
  • Resins
    Net Sales
    Fiscal year ending March 2025 ¥4,818 million / Fiscal year ending March 2026 ¥4,831 million / yoy_pct Not disclosed
    Segment profit
    Fiscal year ending March 2025 ¥93 million / Fiscal year ending March 2026 ¥98 million / yoy_pct Not disclosed
  • Chemical Products
    Net Sales
    Fiscal year ending March 2025 ¥6,574 million / Fiscal year ending March 2026 ¥6,566 million / yoy_pct Not disclosed
    Segment profit
    Fiscal year ending March 2025 ¥79 million / Fiscal year ending March 2026 ¥302 million / yoy_pct Not disclosed
  • Specialty chemicals
    Net Sales
    Fiscal year ending March 2025 ¥15,768 million / Fiscal year ending March 2026 ¥16,558 million / yoy_pct Not disclosed
    Segment profit
    Fiscal year ending March 2025 ¥954 million / Fiscal year ending March 2026 ¥789 million / yoy_pct Not disclosed
Medium-term management plan targets
Plan nameTOHO Step Up Plan 2027
Target fiscal yearFiscal year ending March 2028
Target value
Net Sales
¥60,000 million
Operating profit
¥3,000 million
Operating Margin
5 %
Net assets
¥23,000 million
Equity ratio
32 %
ROE
8.0 or higher
Dividend per share
¥30
Comparison with actual resultsComparison with FY2026 results included
Financial targets
Medium-term plan target
Equity ratio32.0%
ROEAt least 8.0%
Actual results for the fiscal year ending March 2026
Equity ratio33.9%
ROE6.8%
Debt-to-equity ratio1.13x
Annual Dividend
Annual dividend per share¥22
Payout ratio
30.3 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥53,625 million
Operating profit¥2,088 million
Ordinary income¥1,931 million
Net income¥1,527 million (net income attributable to owners of the parent)
Operating profit margin3.9 %
Results for the three months of the current quarterNet Sales ¥14,089 million / Operating profit ¥621 million
Segment resultsSegment Surfactants / Net Sales Fiscal year ending March 2025 ¥26,307 million / Fiscal year ending March 2026 ¥25,460 million / yoy_pct Not disclosed / Segment profit Fiscal year ending March 2025 ¥737 million / Fiscal year ending March 2026 ¥791 million / yoy_pct Not disclosed, Segment Resins / Net Sales Fiscal year ending March 2025 ¥4,818 million / Fiscal year ending March 2026 ¥4,831 million / yoy_pct Not disclosed / Segment profit Fiscal year ending March 2025 ¥93 million / Fiscal year ending March 2026 ¥98 million / yoy_pct Not disclosed, Segment Chemical Products / Net Sales Fiscal year ending March 2025 ¥6,574 million / Fiscal year ending March 2026 ¥6,566 million / yoy_pct Not disclosed / Segment profit Fiscal year ending March 2025 ¥79 million / Fiscal year ending March 2026 ¥302 million / yoy_pct Not disclosed, Segment Specialty chemicals / Net Sales Fiscal year ending March 2025 ¥15,768 million / Fiscal year ending March 2026 ¥16,558 million / yoy_pct Not disclosed / Segment profit Fiscal year ending March 2025 ¥954 million / Fiscal year ending March 2026 ¥789 million / yoy_pct Not disclosed
Key KPIsIndicator EBITDA / Value ¥4,894 million / Year on year against the same period last year Not disclosed, Indicator ROE / Value 6.8 % / Year on year against the same period last year Not disclosed, Indicator ROA / Value 3.9 % / Year on year against the same period last year Not disclosed, Indicator Operating margin / Value 3.9 % / Year on year against the same period last year Not disclosed, Indicator Equity ratio / Value 33.9 % / Year on year against the same period last year Not disclosed, Indicator Debt-to-equity ratio / Value 1.13 times / Year on year against the same period last year Not disclosed, Indicator Overseas Revenue Mix / Value 17 % / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookConcerns have been raised regarding difficulties in procuring raw materials, sharp price increases, lower production volumes, and deteriorating profitability due to higher raw material costs, but the numerical assumptions are not disclosed.
Medium-term management plan targetsPlan name TOHO Step Up Plan 2027 / Target fiscal year Fiscal year ending March 2028 / Target value Net Sales ¥60,000 million / Operating profit ¥3,000 million / Operating Margin 5 % / Net assets ¥23,000 million / Equity ratio 32 % / ROE 8.0 or higher / Dividend per share ¥30 / Comparison with actual results Comparison with FY2026 results included
Financial targetsMedium-term plan target Equity ratio 32.0% / ROE At least 8.0% / Actual results for the fiscal year ending March 2026 Equity ratio 33.9% / ROE 6.8% / Debt-to-equity ratio 1.13x
Annual DividendAnnual dividend per share ¥22 / Interim and Year-End Breakdown Not disclosed
Payout ratio30.3 %
New initiativesCommencement of Phase II expansion work at the new electronic information materials plant (scheduled for completion in November 2026), Cost reductions through in-house recycling of waste solvents, Trial implementation of raw material and product management using QR codes, Evaluation of AI applications, including Material Informatics (MI), Revision of the personnel system in fiscal 2026, Review of the executive structure and generational change from fiscal 2026, Acquisition of RSPO SCCS certification and ISO 14001 certification
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.

The decline in sales of chemicals for civil engineering and construction, among other products, was offset by higher sales of resins for microfabrication used in the electronics and information industries. Operating profit increased as a result of improved margins due to changes in the product mix, although consolidated subsidiaries recorded the effects of facility expansion work and inventory valuation losses resulting from lower raw material market prices.

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.
Earnings Presentation Materials for the Fiscal Year Ending March 2026 | TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) timely disclosure | Komori