TOYOBO CO.,LTD.'s share price traded in a range of ¥1,524 to ¥1,542, while trading volume surged in late October. Reports of the planned commercialisation of recycled labels in fiscal 2028 and horizontal recycling provided the backdrop.
From 26 October to 30 October, TOYOBO CO.,LTD.'s share price traded in a range of ¥1,524 to ¥1,542. On 29 October, trading volume increased 88% from the previous day to 877,000 shares, and the stock saw substantial fluctuations over the most recent 5 trading days.
Following news reported that day regarding the commercialisation of recycled labels in fiscal 2028 and the horizontal recycling of dissimilar materials, the share price fell to ¥1,570, closing down ¥55, or 3.38%, from the previous day. Although new information was announced, downward pressure has continued recently.
Results for the first quarter of the fiscal year ending March 2027 were announced on 6 August. Revenue was ¥110.4 billion, up 7.3% year on year, and operating profit was ¥7.1 billion, up 28.1%, showing improvement, while full-year operating profit is expected to decline 17.6% to ¥23 billion.
The full-year outlook announced the same day calls for higher revenue but lower profit, despite the revenue growth plan. The dividend forecast was ¥40 per share, at the same level as the previous fiscal year's actual dividend.
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