Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Hiraku Ishizuka was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 29
Tokuyama Corporation, Annual General Meeting, Jun 26, 2026 Tokuyama Corporation, Annual General Meeting, Jun 26, 2026. Annonce • Mar 31
Tokuyama Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 Tokuyama Corporation announced that they will report fiscal year 2026 results on Apr 28, 2026 Annonce • Dec 13
Tokuyama Corporation to Report Q3, 2026 Results on Jan 30, 2026 Tokuyama Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Annonce • Oct 03
Tokuyama Corporation (TSE:4043) completed the acquisition of Vitro diagnostic pharmaceutical business from JSR Corporation. Tokuyama Corporation (TSE:4043) agreed to acquire Vitro diagnostic pharmaceutical business from JSR Corporation for ¥82 billion on April 22, 2025. A cash consideration of ¥82 billion will be paid by Tokuyama Corporation subject to adjustments.
The expected completion of the transaction is October 1, 2025.
Tokuyama Corporation (TSE:4043) completed the acquisition of Vitro diagnostic pharmaceutical business from JSR Corporation on October 1, 2025. The business has been established as a New Company and named as Tokuyama Life Science Corporation. Annonce • Sep 11
Tokuyama Corporation to Report Q2, 2026 Results on Oct 29, 2025 Tokuyama Corporation announced that they will report Q2, 2026 results on Oct 29, 2025 Annonce • Jun 14
Tokuyama Corporation to Report Q1, 2026 Results on Jul 29, 2025 Tokuyama Corporation announced that they will report Q1, 2026 results on Jul 29, 2025 Annonce • Apr 28
Tokuyama Corporation, Annual General Meeting, Jun 24, 2025 Tokuyama Corporation, Annual General Meeting, Jun 24, 2025. Annonce • Mar 20
Tokuyama Corporation to Report Fiscal Year 2025 Results on Apr 28, 2025 Tokuyama Corporation announced that they will report fiscal year 2025 results on Apr 28, 2025 Annonce • Dec 04
Tokuyama Corporation to Report Q3, 2025 Results on Jan 31, 2025 Tokuyama Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: JP¥58.92 (vs JP¥26.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥58.92 (up from JP¥26.74 in 2Q 2024). Revenue: JP¥83.0b (up 2.2% from 2Q 2024). Net income: JP¥4.24b (up 120% from 2Q 2024). Profit margin: 5.1% (up from 2.4% in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%). Annonce • Sep 06
Tokuyama Corporation to Report Q2, 2025 Results on Oct 29, 2024 Tokuyama Corporation announced that they will report Q2, 2025 results on Oct 29, 2024 Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥103 (vs JP¥59.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥103 (up from JP¥59.82 in 1Q 2024). Revenue: JP¥82.5b (down 2.8% from 1Q 2024). Net income: JP¥7.40b (up 72% from 1Q 2024). Profit margin: 9.0% (up from 5.1% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 301%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock has risen 2.4% to €16.90. The fair value is estimated to be €21.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Annonce • Jun 17
Tokuyama Corporation to Report Q1, 2025 Results on Jul 26, 2024 Tokuyama Corporation announced that they will report Q1, 2025 results on Jul 26, 2024 Annonce • Apr 28
Tokuyama Corporation, Annual General Meeting, Jun 25, 2024 Tokuyama Corporation, Annual General Meeting, Jun 25, 2024. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: JP¥247 (vs JP¥130 in FY 2023) Full year 2024 results: EPS: JP¥247 (up from JP¥130 in FY 2023). Revenue: JP¥342.0b (down 2.8% from FY 2023). Net income: JP¥17.8b (up 90% from FY 2023). Profit margin: 5.2% (up from 2.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Mar 28
Tokuyama Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Tokuyama Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.8%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥78.93 (vs JP¥27.26 in 3Q 2023) Third quarter 2024 results: EPS: JP¥78.93 (up from JP¥27.26 in 3Q 2023). Revenue: JP¥84.2b (down 9.2% from 3Q 2023). Net income: JP¥5.68b (up 190% from 3Q 2023). Profit margin: 6.7% (up from 2.1% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Feb 01
Tokuyama Corporation Revises Earnings Forecast for Fiscal 2023 Tokuyama Corporation revised earnings forecast for Fiscal 2023 (April 1, 2023 to March 31, 2024). For the period, the company expects net sales to be JPY 345,000 as compared to previous JPY 355,000. Operating profit to be JPY 26,000 as compared to previous JPY 30,000. Profit attribute to owners of parents to be JPY 18,000 as compared to previous JPY 22,000. Basic EPS to be JPY 250.17 as compared to previous JPY 305.76. Annonce • Nov 29
Tokuyama Corporation to Report Q3, 2024 Results on Jan 31, 2024 Tokuyama Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Buying Opportunity • Nov 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.4%. The fair value is estimated to be €17.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥26.74 (vs JP¥28.95 in 2Q 2023) Second quarter 2024 results: EPS: JP¥26.74 (down from JP¥28.95 in 2Q 2023). Revenue: JP¥81.2b (down 1.4% from 2Q 2023). Net income: JP¥1.92b (down 7.6% from 2Q 2023). Profit margin: 2.4% (down from 2.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €16.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Buying Opportunity • Oct 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be €17.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Annonce • Aug 30
Tokuyama Corporation to Report Q2, 2024 Results on Oct 27, 2023 Tokuyama Corporation announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥59.82 (vs JP¥62.29 in 1Q 2023) First quarter 2024 results: EPS: JP¥59.82 (down from JP¥62.29 in 1Q 2023). Revenue: JP¥84.9b (up 1.0% from 1Q 2023). Net income: JP¥4.30b (down 4.0% from 1Q 2023). Profit margin: 5.1% (down from 5.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Annonce • May 28
Tokuyama Corporation to Report Q1, 2024 Results on Jul 27, 2023 Tokuyama Corporation announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥130 (vs JP¥389 in FY 2022) Full year 2023 results: EPS: JP¥130 (down from JP¥389 in FY 2022). Revenue: JP¥351.8b (up 20% from FY 2022). Net income: JP¥9.36b (down 67% from FY 2022). Profit margin: 2.7% (down from 9.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥27.25 (vs JP¥57.25 in 3Q 2022) Third quarter 2023 results: EPS: JP¥27.25 (down from JP¥57.25 in 3Q 2022). Revenue: JP¥92.6b (up 17% from 3Q 2022). Net income: JP¥1.96b (down 52% from 3Q 2022). Profit margin: 2.1% (down from 5.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • Jan 31
Tokuyama Corporation Revises Earnings Forecast for Fiscal 2022 Tokuyama Corporation has revised earnings forecast for Fiscal 2022 (April 1, 2022 to March 31, 2023). For the period, the company expects net sales to be JPY 356,000 as compared to previous JPY 370,000. Operating profit to be JPY 21,000 as compared to previous JPY 18,000. Profit attribute to owners of parents to be JPY 12,000 as compared to previous JPY 15,000. Basic EPS to be JPY 166.78 as compared to previous JPY 208.47. The performance forecast for the full fiscal year ending March 31, 2023 has been revised as above from the previous performance forecast released on October 28, 2022, based on overseas vinyl chloride products market conditions and other factors. Buying Opportunity • Jan 06
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €15.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 5.9% per annum over the same time period. Annonce • Nov 27
Tokuyama Corporation to Report Q3, 2023 Results on Jan 31, 2023 Tokuyama Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent External Director Yuzo Kawamori was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥28.95 (vs JP¥59.97 in 2Q 2022) Second quarter 2023 results: EPS: JP¥28.95 (down from JP¥59.97 in 2Q 2022). Revenue: JP¥82.4b (up 26% from 2Q 2022). Net income: JP¥2.08b (down 52% from 2Q 2022). Profit margin: 2.5% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%). Annonce • Sep 16
Tokuyama Corporation to Report Q2, 2023 Results on Oct 28, 2022 Tokuyama Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 28
First quarter 2023 earnings released: EPS: JP¥62.29 (vs JP¥68.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥62.29 (down from JP¥68.64 in 1Q 2022). Revenue: JP¥84.0b (up 25% from 1Q 2022). Net income: JP¥4.48b (down 9.3% from 1Q 2022). Profit margin: 5.3% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annonce • Jun 22
Tokuyama Corporation to Report Q1, 2023 Results on Jul 27, 2022 Tokuyama Corporation announced that they will report Q1, 2023 results on Jul 27, 2022 Annonce • May 02
Tokuyama Corporation, Annual General Meeting, Jun 24, 2022 Tokuyama Corporation, Annual General Meeting, Jun 24, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥389 (vs JP¥351 in FY 2021) Full year 2022 results: EPS: JP¥389 (up from JP¥351 in FY 2021). Revenue: JP¥293.8b (down 2.8% from FY 2021). Net income: JP¥28.0b (up 14% from FY 2021). Profit margin: 9.5% (up from 8.1% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent External Director Yuzo Kawamori was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 01
Tokuyama Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Tokuyama Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥57.25 (down from JP¥134 in 3Q 2021). Revenue: JP¥78.9b (up 1.7% from 3Q 2021). Net income: JP¥4.12b (down 56% from 3Q 2021). Profit margin: 5.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 5.6%, compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥59.97 (vs JP¥68.95 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥65.2b (down 10% from 2Q 2021). Net income: JP¥4.32b (down 9.9% from 2Q 2021). Profit margin: 6.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%). Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS JP¥68.64 (vs JP¥74.94 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥67.5b (down 4.4% from 1Q 2021). Net income: JP¥4.94b (down 5.1% from 1Q 2021). Profit margin: 7.3% (down from 7.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥351 (vs JP¥287 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥302.4b (down 4.3% from FY 2020). Net income: JP¥24.5b (up 23% from FY 2020). Profit margin: 8.1% (up from 6.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.6%). Annonce • Mar 21
Tokuyama Corporation to Report Fiscal Year 2021 Results on Apr 28, 2021 Tokuyama Corporation announced that they will report fiscal year 2021 results on Apr 28, 2021 Annonce • Feb 26
Tokuyama Corporation Announces Executive Changes, Effective April 1, 2021 Tokuyama Corporation announced appointment of Hideo Sugimura and Hiroshi Nomura as representative director from previous role as Director. The company appointed Hideki Adachi as director from Representative Director. The changes are effective April 1, 2021. Is New 90 Day High Low • Feb 23
New 90-day high: €21.20 The company is up 18% from its price of €18.00 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.95 per share. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥134 (vs JP¥110 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥77.6b (down 7.4% from 3Q 2020). Net income: JP¥9.32b (up 23% from 3Q 2020). Profit margin: 12% (up from 9.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 2.0%, compared to a 4.9% growth forecast for the Chemicals industry in Germany. Annonce • Jan 29
Tokuyama Corporation Revises Its Earnings Forecast for the Full Year Ending March 31, 2021 Tokuyama Corporation revised its earnings forecast for the full year ending March 31, 2021. For the period, the company revises its basic EPS guidance to JPY 374.34 per share against pervious guidance of JPY 316.75 per share. The company revises its operating profit guidance to JPY 30,000 million against pervious guidance of JPY 28,000 million. The company revises its ordinary profit guidance to JPY 30,000 million against pervious guidance of JPY 28,000 million. The company revises its profit attributable to owners of parent guidance to JPY 26,000 million against pervious guidance of JPY 22,000 million. The performance forecast for the full fiscal year ending March 31, 2021 has been revised from the previous performance forecast released on October 28, 2020, based on the current performance trend such as upturn in export prices of vinyl chloride monomer and vinyl chloride resin. Is New 90 Day High Low • Jan 28
New 90-day high: €20.80 The company is up 11% from its price of €18.70 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.39 per share. Annonce • Dec 24
Tokuyama Corporation to Report Q3, 2021 Results on Jan 29, 2021 Tokuyama Corporation announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 24
New 90-day low: €17.40 The company is down 17% from its price of €21.00 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.56 per share. Is New 90 Day High Low • Nov 19
New 90-day low: €17.60 The company is down 10.0% from its price of €19.50 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.54 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is expected to shrink by 1.1% compared to a 3.6% growth forecast for the Chemicals industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥68.95 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥72.7b (down 4.7% from 2Q 2020). Net income: JP¥4.79b (down 14% from 2Q 2020). Profit margin: 6.6% (down from 7.3% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Is New 90 Day High Low • Oct 31
New 90-day low: €18.70 The company is down 4.0% from its price of €19.40 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.15 per share. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥19.5b, down 39% from the prior year. Total revenue was JP¥306.6b over the last 12 months, down 5.6% from the prior year. Annonce • Oct 29
Tokuyama Corporation (TSE:4043) entered into a Share Exchange Agreement to acquire the remaining 59.8% stake in A&T Corporation from JEOL Ltd. (TSE:6951), Rakuten Securities, Inc., Kosuke Hatakeyama, Etsuko Yamauchi, Isao Sato and others for ¥6.7 billion. Tokuyama Corporation (TSE:4043) entered into a Share Exchange Agreement to acquire the remaining 59.8% stake in A&T Corporation from JEOL Ltd. (TSE:6951), Rakuten Securities, Inc., Kosuke Hatakeyama, Etsuko Yamauchi, Isao Sato and others for ¥6.7 billion on October 28, 2020. Under the terms of the agreement Tokuyama will issue 2.5 million shares based on exchange ratio of 0.68. Post completion of the transaction, A& T will be delisted from JASDAQ and will operate as a wholly owned subsidiary of Tokuyamam. The transaction is subject to approval from A& T's shareholders. The transaction has been unanimously approved by A& T's board of directors. The shareholder's meeting is scheduled to be held on December 22, 2020. A& T established a special committee formed of three people, none of whom has interest in Tokuyama: Jun Mitani, Akira Tori and Ryo Suzuki. The transaction is expected to close on February 1, 2021. The impact of the transaction is expected to be minor on the operating results for each of Tokuyama and A& T. Mori Hamada & Matsumoto LPC acted as legal advisor for Tokuyama. acted as financial advisor for Tokuyama. Anderson Mori & Tomotsune LPC acted as legal advisor for A& T. Mizuho Securities Co., Ltd. acted as financial advisor for A& T. Annonce • Oct 06
Rengo Co., Ltd. (TSE:3941) agreed to acquire an additional 46% stake in SunTox Co., Ltd. from Tokuyama Corporation (TSE:4043). Rengo Co., Ltd. (TSE:3941) agreed to acquire an additional 46% stake in SunTox Co., Ltd. from Tokuyama Corporation (TSE:4043) on September 25, 2020. Pre-acquisition, Rengo Co., Ltd. holds 20% stake and Tokuyama Corporation holds 80% stake in SunTox. Post completion, SunTox will operate as a subsidiary of Rengo Co., Ltd. SunTox reported net sales of ¥18 billion as of March 31, 2020. The transaction is subject to the approval pertaining to the Antimonopoly Act from the Japan Fair Trade Commission. The transaction is approved by the Board of Rengo. The transaction is expected to complete on October 1, 2020. Annonce • Sep 26
Tokuyama Corporation Announces to Establishment of Joint Venture in Taiwan with Formosa Plastics Corporation Tokuyama Corporation announced that at its Board meeting held on September 25, 2020 the decision was taken to establish a joint venture in Taiwan with Formosa Plastics Corporation for the purpose of manufacturing and selling high-purity isopropyl alcohol (IPA) for the electronics industry. With the establishment of this joint venture, the Company will build an integrated production system from propylene as a raw material in Taiwan and, to further expand its high-purity IPA business, establish a production and supply system that immediately responds to the needs of its customers in Taiwan. Annonce • Sep 19
Tokuyama Corporation to Report Q2, 2021 Results on Oct 28, 2020 Tokuyama Corporation announced that they will report Q2, 2021 results on Oct 28, 2020 Annonce • Jun 29
Tokuyama Corporation to Report Q1, 2021 Results on Jul 28, 2020 Tokuyama Corporation announced that they will report Q1, 2021 results on Jul 28, 2020