Logotype for Toagosei Co Ltd

Toagosei (4045) Q2 2024 earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for Toagosei Co Ltd

Q2 2024 earnings summary

10 Mar, 2026

Executive summary

  • Net sales for the six months ended June 30, 2024, rose 6.0% year-over-year to ¥81,571 million, driven by recovery in shipment volumes for commodity chemicals and electronic component products.

  • Operating income increased 54.3% year-over-year to ¥7,323 million.

  • Net income attributable to owners of parent grew 41.9% year-over-year to ¥7,041 million.

  • Annual dividend for FY2024 is set to increase by 7 yen to 60 yen per share, with an interim dividend of 30 yen and a year-end dividend of 30 yen.

  • Comprehensive income for the period was ¥12,978 million, up 30.0% year-over-year.

Financial highlights

  • Ordinary profit for the six months was ¥8,758 million, a 24.3% increase year-over-year.

  • Diluted earnings per share for the period were ¥61.52, up from ¥45.71 in the prior year.

  • Free cash flow decreased to ¥4,192 million from ¥9,153 million year-over-year due to higher investment activities.

  • Total assets as of June 30, 2024, were ¥280,939 million, up from ¥272,285 million at year-end 2023.

  • Net assets increased to ¥216,991 million from ¥212,518 million at year-end 2023.

Outlook and guidance

  • FY2024 full-year net sales forecast at ¥170,000 million, up ¥10,629 million from FY2023.

  • Operating income projected to reach ¥15,500 million, up ¥3,001 million year-over-year.

  • Net income attributable to owners of parent forecast at ¥12,800 million, a 5.1% increase year-over-year.

  • Earnings per share for the full year are expected to be ¥112.77.

  • Annual dividend forecast at 60 yen per share; share repurchase limit increased by ¥1 billion to ¥7 billion.

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