Toagosei (4045) Q3 2026 earnings summary

Executive summary

• 3Q FY2026 net sales rose 8.9% YoY to ¥43,055m and operating income rose 8.0% to ¥3,874m; net income attributable to owners of parent increased 27.1% to ¥2,907m.

• Nine-month net sales grew 4.7% to ¥125,461m, operating income rose 11.1% to ¥11,787m, and net income attributable to owners of parent increased 11.6% to ¥8,927m.

Financial highlights

• Nine-month ordinary profit rose 8.5% to ¥12,098m; basic EPS was ¥84.05 versus ¥72.99.

• 3Q ordinary profit declined 3.7% YoY to ¥3,518m, despite higher sales and operating income.

• Nine-month operating income increased ¥1.18bn; volume contributed ¥4.4bn, offset by unit-price impact of ¥2.4bn and fixed-cost impact of ¥0.9bn.

• Nine-month comprehensive income increased 54.7% YoY to ¥14,769m.

Segment performance

• Commodity Chemicals nine-month sales fell ¥1,195m to ¥52,144m and operating income declined ¥1,705m to ¥5,025m.

• Polymer & Oligomer sales rose ¥3,305m to ¥29,907m and operating income increased ¥1,341m to ¥3,550m; demand grew in mobility, pharma, cosmetics, semiconductor and electronic-material applications.

• Adhesive Material sales grew ¥975m to ¥11,026m and operating income rose ¥206m to ¥422m, supported by mobility- and smartphone-related volumes and U.S. price revisions.

• Performance Chemicals sales increased ¥1,229m to ¥8,661m and operating income rose ¥679m to ¥1,420m, supported by semiconductor demand and high-purity inorganic chemical volumes.

• Plastics sales increased ¥1,346m to ¥22,042m and operating income rose ¥930m to ¥2,906m; infrastructure-related and Southeast Asian sales expanded.