Toyobo Co (3101) Q1 2025 earnings summary

Executive summary

• Q1 FY 3/25 net sales rose 8.4% year-over-year to ¥105.2 billion, with operating profit at ¥3.1 billion, reversing a prior-year loss, and net profit at ¥0.8 billion.

• Ordinary profit reached ¥2.0 billion, and comprehensive income increased 90.8% year-over-year to ¥4.5 billion.

• Demand recovery in packaging film and electronic materials, along with product price revisions and business improvements, supported results.

Financial highlights

• Gross profit increased 21.1% year-over-year to ¥23.1 billion, with gross margin improving to 22.0%.

• EBITDA nearly doubled to ¥8.7 billion, up 96.2% year-over-year.

• EPS improved to ¥8.7–8.9, and CAPEX for the quarter was ¥3.7 billion.

• Total assets as of June 30, 2024, were ¥611.5 billion, with net assets at ¥230.8 billion and equity ratio at 32.1%.

• Depreciation for the quarter was ¥5.6 billion.

Outlook and guidance

• FY 3/25 forecasts: net sales of ¥435.0 billion (+5.0%), operating profit of ¥17.0 billion (+89.0%), and net profit of ¥2.6 billion (+5.9%).

• Ordinary profit forecast at ¥11.5 billion (+65.2%).

• Segment forecasts: Films operating profit to rise to ¥7.3 billion, Environmental and Functional Materials to ¥8.0 billion.

• No changes to previously announced guidance.

• Dividend forecast maintained at ¥40.00 per share for the year.