NEWS DETAIL

  • Source : Press Release
  • Date : 2022-02-03
  • Companies : Tosoh Corp.

Tosoh's Revised Full-Year Fiscal 2022 Consolidated Results Forecast

Tokyo, Japan—In light of recent trends in business performance, Tosoh Corporation has revised the full-year fiscal 2022 consolidated financial results that it forecasted on November 2, 2021.

Revised full-year consolidated financial results for fiscal year 2022 (April 1, 2021–March 31, 2022)

 

Net Sales

Operating Income

Ordinary Income

Profit Attributable to Owners of the Parent Company

Earnings per Share (yen)

Previous forecast (A)

¥890 billion

¥116 billion

¥121 billion

¥80 billion

251.44

Revised forecast (B)

¥910 billion

¥136 billion

¥145 billion

¥96 billion

301.71

Difference (B – A)

¥20 billion

¥20 billion

¥24 billion

¥16 billion

 

% Difference

2.2

17.2

19.8

20.0

 

Reference: FY 2021 performance (Year ended March 2021)

¥733 billion

¥88 billion

¥95 billion

¥63 billion

197.89

Reasons for the differences and revisions

Net sales, operating income, and all other profit indicators are expected to surpass the previously issued forecast. This is primarily because rising overseas market prices for the company’s principal chlor-alkali products will more than offset rising prices for raw materials and fuels, such as naphtha and coal.

Note: Forecasts are based on information available to the company as of the date of this news release. Actual results may differ because of unforeseeable factors.

Revised year-end dividend forecast for fiscal year 2022 (April 1, 2021–March 31, 2022)

 

 

Annual dividend

 

 

Interim

Year-end

Total

Previous forecast

¥30.0

¥30.0

¥60.0

Revised forecast

 

¥50.0

¥80.0

FY 2022 actual

¥30.0

 

 

FY 2021 actual

¥28.0

¥32.0

¥60.0

Reasons for the differences and revisions

Tosoh regards the return of profits to its shareholders as one of its most important capital policies. It is a basic company policy, therefore, to provide its shareholders with continuous and stable dividends.

Pursuant to this basic policy and after comprehensively considering trends in its business performance and its dividend payout ratio and other factors, the company intends to increase its March 31 fiscal 2022 year-end dividend ¥20 over the ¥30 it initially forecast, to ¥50 per share. Tosoh Corporation thus plans to pay an annual dividend of ¥80 per share to its shareholders.

TOSOH CORPORATION

Who We Are

Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people. It generated net sales of ¥732.9 billion (US$6.9 billion at the average rate of ¥106.1 to the US dollar) in fiscal 2021, ended March 31, 2021.

What We Do

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.

Stock Exchange Ticker Symbol: 4042

DISCLAIMER

This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.