Tosoh (4042) Q1 2027 earnings summary

Executive summary

• Net sales rose to ¥274.2 billion, up 11.8% year-over-year, driven by higher selling prices, favorable inventory valuation, and a weaker yen.

• Operating income surged to ¥31.2 billion, up 93.9% year-over-year, with ordinary income at ¥34.3 billion, up 143.6%, aided by foreign exchange gains.

• Income attributable to owners of parent increased to ¥19.5 billion, up 198.0% year-over-year.

• Segment reporting was revised from four to five segments for improved reporting.

Financial highlights

• Net sales: ¥274.2 billion (+11.8% year-over-year).

• Operating income: ¥31.2 billion (+93.9% year-over-year).

• Ordinary income: ¥34.3 billion (+143.6% year-over-year).

• Income attributable to owners of parent: ¥19.5 billion (+198.0% year-over-year).

• Gross profit increased to ¥74.6 billion from ¥56.7 billion year-over-year.

Outlook and guidance

• Full-year net sales forecast at ¥1,170.0 billion, up 14.7% year-over-year.

• Operating income forecast at ¥105.0 billion (+9.9%), ordinary income at ¥107.0 billion (+0.2%), and income attributable to owners of parent at ¥59.0 billion (+41.8%).

• Basic earnings per share forecast at ¥191.63.

• Dividend forecast maintained at ¥100 per share for the fiscal year.

• Growth expected from higher selling prices, favorable market conditions, and yen depreciation.