Toagosei（4045）株式概要東亞合成株式会社化学製品の製造・販売。 詳細4045 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績3/6財務の健全性5/6配当金5/6報酬株価収益率（ 13.4 x） JP市場（ 13.8 x）を下回っています。収益は年間0.92%増加すると予測されています 過去1年間で収益は21.3%増加しました リスク分析財務結果に影響を与える大きな一時的項目 4.09%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る4045 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.71k0.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0185b2016201920222025202620282031Revenue JP¥185.3bEarnings JP¥15.6bAdvancedSet Fair ValueView all narrativesToagosei Co., Ltd. 競合他社Nippon SodaSymbol: TSE:4041Market cap: JP¥192.4bShikoku Kasei HoldingsSymbol: TSE:4099Market cap: JP¥256.5bUBESymbol: TSE:4208Market cap: JP¥290.6bDaicelSymbol: TSE:4202Market cap: JP¥323.1b価格と性能株価の高値、安値、推移の概要Toagosei過去の株価現在の株価JP¥1,713.5052週高値JP¥1,922.5052週安値JP¥1,375.00ベータ0.291ヶ月の変化-3.49%3ヶ月変化-6.44%1年変化24.71%3年間の変化39.31%5年間の変化42.32%IPOからの変化42.79%最新ニュースReported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.00 (vs JP¥18.01 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.00 (up from JP¥18.01 in 1Q 2025). Revenue: JP¥38.6b (down 3.0% from 1Q 2025). Net income: JP¥2.77b (up 39% from 1Q 2025). Profit margin: 7.2% (up from 5.0% in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 21Toagosei Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Toagosei Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026Declared Dividend • Apr 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th June 2026 Payment date: 4th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Feb 27Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,915. The fair value is estimated to be JP¥1,563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period.Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥117 (up from JP¥105 in FY 2024). Revenue: JP¥162.3b (down 3.2% from FY 2024). Net income: JP¥12.8b (up 7.5% from FY 2024). Profit margin: 7.9% (up from 7.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 12+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 27, 2026Toagosei Co., Ltd., Annual General Meeting, Mar 27, 2026.最新情報をもっと見るRecent updatesReported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.00 (vs JP¥18.01 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.00 (up from JP¥18.01 in 1Q 2025). Revenue: JP¥38.6b (down 3.0% from 1Q 2025). Net income: JP¥2.77b (up 39% from 1Q 2025). Profit margin: 7.2% (up from 5.0% in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 21Toagosei Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Toagosei Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026Declared Dividend • Apr 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th June 2026 Payment date: 4th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Feb 27Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,915. The fair value is estimated to be JP¥1,563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period.Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥117 (up from JP¥105 in FY 2024). Revenue: JP¥162.3b (down 3.2% from FY 2024). Net income: JP¥12.8b (up 7.5% from FY 2024). Profit margin: 7.9% (up from 7.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 12+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 27, 2026Toagosei Co., Ltd., Annual General Meeting, Mar 27, 2026.Buy Or Sell Opportunity • Feb 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥1,882. The fair value is estimated to be JP¥1,558, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.分析記事 • Jan 16Here's Why Toagosei (TSE:4045) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Upcoming Dividend • Dec 22Upcoming dividend of JP¥32.50 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).分析記事 • Dec 09Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥32.50The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 31st of March, with...お知らせ • Dec 04Toagosei Co., Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026Toagosei Co., Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026分析記事 • Nov 25Toagosei's (TSE:4045) Dividend Will Be ¥32.50Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥32.50 per share on the 31st of March...Buy Or Sell Opportunity • Nov 19Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,529. The fair value is estimated to be JP¥1,914, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: JP¥21.16 (vs JP¥30.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥21.16 (down from JP¥30.62 in 3Q 2024). Revenue: JP¥39.5b (down 5.4% from 3Q 2024). Net income: JP¥2.29b (down 34% from 3Q 2024). Profit margin: 5.8% (down from 8.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 19Now 20% undervaluedOver the last 90 days, the stock has risen 5.2% to JP¥1,522. The fair value is estimated to be JP¥1,903, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.Buy Or Sell Opportunity • Sep 30Now 21% undervaluedOver the last 90 days, the stock has risen 6.9% to JP¥1,512. The fair value is estimated to be JP¥1,905, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.分析記事 • Sep 19Toagosei (TSE:4045) Has Announced A Dividend Of ¥32.50The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥32.50 per share on the 31st...お知らせ • Sep 10Toagosei Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Toagosei Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025分析記事 • Sep 05Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥32.50Toagosei Co., Ltd. ( TSE:4045 ) will pay a dividend of ¥32.50 on the 31st of March. This makes the dividend yield 4.2...Declared Dividend • Sep 05First half dividend of JP¥32.50 announcedShareholders will receive a dividend of JP¥32.50. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 9.2% to JP¥1,535. The fair value is estimated to be JP¥1,922, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period.Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: JP¥33.84 (vs JP¥38.00 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.84 (down from JP¥38.00 in 2Q 2024). Revenue: JP¥40.5b (down 4.8% from 2Q 2024). Net income: JP¥3.72b (down 14% from 2Q 2024). Profit margin: 9.2% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 20Upcoming dividend of JP¥32.50 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.9%).お知らせ • May 29Toagosei Co., Ltd. to Report Q2, 2025 Results on Jul 31, 2025Toagosei Co., Ltd. announced that they will report Q2, 2025 results on Jul 31, 2025Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: JP¥18.01 (vs JP¥23.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.01 (down from JP¥23.60 in 1Q 2024). Revenue: JP¥39.8b (up 2.1% from 1Q 2024). Net income: JP¥2.00b (down 26% from 1Q 2024). Profit margin: 5.0% (down from 7.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Apr 11Final dividend of JP¥32.50 announcedShareholders will receive a dividend of JP¥32.50. Ex-date: 27th June 2025 Payment date: 5th September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 03Returns On Capital At Toagosei (TSE:4045) Have StalledIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...お知らせ • Mar 14Toagosei Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Toagosei Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025Reported Earnings • Feb 15Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥105. Revenue: JP¥167.6b (up 5.2% from FY 2023). Net income: JP¥11.9b (down 2.5% from FY 2023). Profit margin: 7.1% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan.お知らせ • Feb 13+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 28, 2025Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%).分析記事 • Dec 05Toagosei (TSE:4045) Has Announced A Dividend Of ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥30.00 per share on the 31st...お知らせ • Dec 05Toagosei Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025Toagosei Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: JP¥30.62 (vs JP¥22.95 in 3Q 2023)Third quarter 2024 results: EPS: JP¥30.62 (up from JP¥22.95 in 3Q 2023). Revenue: JP¥41.8b (up 6.6% from 3Q 2023). Net income: JP¥3.47b (up 28% from 3Q 2023). Profit margin: 8.3% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.お知らせ • Oct 30Toagosei Co., Ltd. Announces Executive Changes, Effective January 1, 2025Toagosei Co., Ltd. announced that resolved to implement a Representative Directors change of the position at a Board of Directors' meeting held on October 28, 2024. Reason for the Change: To enhance corporate value, aim to strengthen management structure. Names and Titles of the New and Old Representative Directors: Mikishi Takamura: New Position: Chairman and Representative Director; Current Position: President and Representative Director; Hidenori Kobuchi: New Position: President and Representative Director and COO; Current Position: Vice President and Representative Director General Manager, Corporate Strategy Division. Scheduled Date of Appointment: January 1, 2025. Name: Mikishi Takamura; Date of birth: March 28, 1956; Final academic record: March 1980 Faculty of Letters, Keio University; Birthplace: Tokyo prefecture; April 1980 Joined Toagosei Chemical Industry Co., Ltd. April 2002 General Manager, Finance Group, Administrative Department; April 2005 General Manager, Human Resources & General Affairs Group, Administrative Department; April 2006 General Manager, Human Resources & General Affairs Group and General Manager, Investor Relations & Public Relations Section, Administrative Department; April 2008 Deputy Plant Manager, Nagoya Plant; March 2010 Director, General Manager, Administrative Department; April 2012 Director, General Manager, Administrative Division; March 2013 Director, General Manager, Corporate Strategy Department; March 2015 Vice President and Representative Director and General Manager, Corporate Strategy Division; November 2015 President and Representative Director and General Manager, Corporate Strategy Division; January 2016 President and Representative Director (current position). Name: Hidenori Kobuchi; Date of birth: December 4, 1963; Final academic record: March 1988 - Completed the Industrial Chemistry Program at the Graduate School of Science and Technology in Meiji University; Birthplace: Yamaguchi Prefecture; April 1988 Joined Toagosei Chemical Industry Co., Ltd.; April 2010 General Manager of the Adhesive Group in the Functional Chemicals Division; April 2013 General Manager of the Polymer and UV-curable Group in the Acrylic Products Division; January 2016 General Manager of the Polymer and UV-curable Group & General Manager of the New Products Exploration Group in the Acrylic Products Division; January 2017 General Manager of the Polymer Department in the Polymer & Oligomer Division; March 2018 Executive Officer and General Manager of the Polymer & Oligomer Division, General Manager of the Polymer Department; January2019 Executive Officer and General Manager of the Polymer & Oligomer Division; January 2021 Executive Officer and President and Representative Director of MT AquaPolymer Inc.; March 2023 Director and General Manager of the Supply Chain Management Division & General Manager of the Head Office Sales Department; January 2024 Vice President and Representative Director General Manager, Corporate Strategy Division (current position).分析記事 • Oct 29Toagosei (TSE:4045) Has Announced A Dividend Of ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 31st of March, with...分析記事 • Oct 22Are Investors Undervaluing Toagosei Co., Ltd. (TSE:4045) By 36%?Key Insights Toagosei's estimated fair value is JP¥2,468 based on 2 Stage Free Cash Flow to Equity Toagosei's JP¥1,592...分析記事 • Sep 04Toagosei's (TSE:4045) Dividend Will Be ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥30.00 per share on the 31st...お知らせ • Sep 04Toagosei Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Toagosei Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024分析記事 • Aug 05Toagosei (TSE:4045) Will Pay A Dividend Of ¥30.00Toagosei Co., Ltd.'s ( TSE:4045 ) investors are due to receive a payment of ¥30.00 per share on 31st of March. This...New Risk • Aug 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 3.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Declared Dividend • Aug 02First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jun 18Price target increased by 17% to JP¥1,700Up from JP¥1,450, the current price target is provided by 1 analyst. New target price is 14% above last closing price of JP¥1,491. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥98.95 for next year compared to JP¥103 last year.分析記事 • Jun 17Toagosei (TSE:4045) Will Pay A Dividend Of ¥29.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥29.00 per share on the 6th...分析記事 • Jun 02Toagosei's (TSE:4045) Dividend Will Be ¥29.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 6th of September, with...お知らせ • Jun 02Toagosei Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Toagosei Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024Buy Or Sell Opportunity • May 31Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,540. The fair value is estimated to be JP¥1,282, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 6.6% in the next 2 years.Reported Earnings • May 01First quarter 2024 earnings released: EPS: JP¥23.60 (vs JP¥18.18 in 1Q 2023)First quarter 2024 results: EPS: JP¥23.60 (up from JP¥18.18 in 1Q 2023). Revenue: JP¥39.0b (up 2.1% from 1Q 2023). Net income: JP¥2.72b (up 24% from 1Q 2023). Profit margin: 7.0% (up from 5.7% in 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 11Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥29.00Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥29.00 per share on the 6th of September...Declared Dividend • Apr 11Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 27th June 2024 Payment date: 6th September 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 28Toagosei Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Toagosei Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024お知らせ • Feb 14Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2024Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2024.Reported Earnings • Feb 14Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: JP¥103. Revenue: JP¥159.4b (flat on FY 2022). Net income: JP¥12.2b (down 2.5% from FY 2022). Profit margin: 7.6% (down from 7.8% in FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Chemicals industry in Japan.お知らせ • Feb 13Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 5,000,000 shares, representing 4.28% for ¥6,000 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 4.28% of its issued share capital, for ¥6,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, expand corporate value, and implement flexible capital policies. The program will be valid till December 31, 2024. As of December 31, 2023, the company has 116,850,095 issued shares (excluding treasury stock) and 249,905 treasury shares.Upcoming Dividend • Dec 21Upcoming dividend of JP¥20.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).お知らせ • Dec 05Toagosei Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024Toagosei Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024New Risk • Nov 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (187% cash payout ratio). Large one-off items impacting financial results.お知らせ • Aug 27Toagosei Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Toagosei Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: JP¥27.57 (vs JP¥27.18 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.57. Revenue: JP¥38.7b (down 3.7% from 2Q 2022). Net income: JP¥3.28b (down 2.7% from 2Q 2022). Profit margin: 8.5% (up from 8.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan.Upcoming Dividend • Jun 22Upcoming dividend of JP¥18.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.5%).お知らせ • May 31Toagosei Co., Ltd. to Report Q2, 2023 Results on Jul 31, 2023Toagosei Co., Ltd. announced that they will report Q2, 2023 results on Jul 31, 2023Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: JP¥18.18 (vs JP¥32.16 in 1Q 2022)First quarter 2023 results: EPS: JP¥18.18 (down from JP¥32.16 in 1Q 2022). Revenue: JP¥38.2b (up 1.2% from 1Q 2022). Net income: JP¥2.19b (down 46% from 1Q 2022). Profit margin: 5.7% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: JP¥101 (down from JP¥108 in FY 2021). Revenue: JP¥160.8b (up 2.9% from FY 2021). Net income: JP¥12.5b (down 9.3% from FY 2021). Profit margin: 7.8% (down from 8.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023.お知らせ • Feb 11Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 6,000,000 shares, representing 4.95% for ¥6,000 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 4.95% of its share capital, for ¥6,000 million. The company will repurchase its shares in order to further return profits to all shareholders, improve capital efficiency, expand corporate value and implement a flexible capital policy. The program will run until December 31, 2023. As of December 31, 2022, the company had 121,105,217 shares outstanding (excluding treasury shares) and 994,783 shares in treasury.お知らせ • Dec 28Toagosei Co., Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023Toagosei Co., Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%).Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: JP¥23.63 (vs JP¥28.59 in 3Q 2021)Third quarter 2022 results: EPS: JP¥23.63 (down from JP¥28.59 in 3Q 2021). Revenue: JP¥40.7b (up 3.8% from 3Q 2021). Net income: JP¥2.90b (down 20% from 3Q 2021). Profit margin: 7.1% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 02Third quarter 2022 earnings released: EPS: JP¥23.63 (vs JP¥28.59 in 3Q 2021)Third quarter 2022 results: EPS: JP¥23.63 (down from JP¥28.59 in 3Q 2021). Revenue: JP¥40.7b (up 3.8% from 3Q 2021). Net income: JP¥2.90b (down 20% from 3Q 2021). Profit margin: 7.1% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Sep 10Toagosei Co., Ltd. to Report Q3, 2022 Results on Oct 31, 2022Toagosei Co., Ltd. announced that they will report Q3, 2022 results on Oct 31, 2022Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: JP¥27.18 (vs JP¥26.21 in 2Q 2021)Second quarter 2022 results: EPS: JP¥27.18 (up from JP¥26.21 in 2Q 2021). Revenue: JP¥40.2b (up 5.3% from 2Q 2021). Net income: JP¥3.38b (flat on 2Q 2021). Profit margin: 8.4% (down from 8.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.0%).お知らせ • Jun 08Toagosei Co., Ltd. to Report Q2, 2022 Results on Jul 29, 2022Toagosei Co., Ltd. announced that they will report Q2, 2022 results on Jul 29, 2022Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: JP¥32.16 (vs JP¥28.54 in 1Q 2021)First quarter 2022 results: EPS: JP¥32.16 (up from JP¥28.54 in 1Q 2021). Revenue: JP¥37.8b (up 5.0% from 1Q 2021). Net income: JP¥4.02b (up 9.8% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 08Toagosei Co., Ltd. to Report Q1, 2022 Results on Apr 28, 2022Toagosei Co., Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022お知らせ • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2022Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2022.Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥108 (up from JP¥62.43 in FY 2020). Revenue: JP¥156.3b (up 17% from FY 2020). Net income: JP¥13.8b (up 69% from FY 2020). Profit margin: 8.8% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.お知らせ • Feb 01Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 3,200,000 shares, representing 2.56% for ¥3,500 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase 3,200,000 shares, representing 2.56% of its share capital, for ¥3,500 million. The company will repurchase its shares in order to further return profits to all shareholders, improve capital efficiency, expand corporate value and implement a flexible capital policy. The program will run until December 31, 2022. As of December 31, 2021, the company had 125,016,596 shares outstanding (excluding treasury shares) and 183,404 shares in treasury.Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%).Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS JP¥26.21 (vs JP¥15.71 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥38.2b (up 21% from 2Q 2020). Net income: JP¥3.36b (up 63% from 2Q 2020). Profit margin: 8.8% (up from 6.5% in 2Q 2020). The increase in margin was driven by higher revenue. 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 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 04 September 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.0%).Reported Earnings • May 02First quarter 2021 earnings released: EPS JP¥28.54 (vs JP¥13.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥36.0b (up 5.0% from 1Q 2020). Net income: JP¥3.66b (up 112% from 1Q 2020). Profit margin: 10% (up from 5.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% 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.Reported Earnings • Apr 03Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥133.4b (down 8.0% from FY 2019). Net income: JP¥8.14b (down 22% from FY 2019). Profit margin: 6.1% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,304The company is up 1.0% from its price of JP¥1,290 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period.お知らせ • Feb 14Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2021Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2021.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥62.43 (vs JP¥78.91 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥133.4b (down 8.0% from FY 2019). Net income: JP¥8.14b (down 22% from FY 2019). Profit margin: 6.1% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Jan 14Toagosei Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021Toagosei Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021お知らせ • Oct 08Toagosei Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Toagosei Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020お知らせ • Jul 17Toagosei Co., Ltd. to Report Q2, 2020 Results on Jul 31, 2020Toagosei Co., Ltd. announced that they will report Q2, 2020 results on Jul 31, 2020株主還元4045JP ChemicalsJP 市場7D-2.0%0.9%1.2%1Y24.7%53.4%42.1%株主還元を見る業界別リターン: 4045過去 1 年間で53.4 % の収益を上げたJP Chemicals業界を下回りました。リターン対市場: 4045は、過去 1 年間で42.1 % のリターンを上げたJP市場を下回りました。価格変動Is 4045's price volatile compared to industry and market?4045 volatility4045 Average Weekly Movement3.8%Chemicals Industry Average Movement6.0%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 4045 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 4045の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19332,680Mikishi Takamurawww.toagosei.co.jp東亞合成株式会社化学製品の製造・販売。基幹化学品事業、ポリマー・オリゴマー事業、接着材料事業、高機能材料事業、樹脂加工品事業、その他事業を展開。液体苛性ソーダ、液体塩素、合成塩酸、次亜塩素酸ソーダ、苛性カリ、過塩素酸鉄溶液、アロンジアクリーン200次亜塩素酸溶液などの汎用化学品、アクリル酸、アクリル酸エステル、アクリルアミド3級ブチルスルホン酸、エチレンカーボネート、酸素、窒素、アルゴンなどの工業用ガスを提供している。また、分散剤、増粘剤、スケール防止剤、感圧接着剤、バインダー、塗料ビヒクル、ゲル化剤、グラフトポリマー、ARUFON、マクロモノマーなどのアクリルポリマー製品、高分子凝集剤、瞬間接着剤、アロンアルフア、光硬化型接着剤、高機能反応型接着剤、ホットメルト接着剤、フィルム接着剤、シルセスキオキサン誘導体、粉体塗料などの接着材料も提供している。また、高純度無機化学品、無機機能性材料、セルロースナノファイバー機能性化学品、アクリルゴム系保護塗料や防水材料からなる建築・土木製品も提供している。同社は日本、米国、中国、台湾、香港、シンガポール、タイ、ベトナム、韓国、および海外で事業を展開している。東亞合成株式会社は1933年に設立され、本社は日本の湊にある。もっと見るToagosei Co., Ltd. 基礎のまとめToagosei の収益と売上を時価総額と比較するとどうか。4045 基礎統計学時価総額JP¥181.86b収益（TTM）JP¥13.54b売上高(TTM)JP¥161.12b13.4xPER（株価収益率1.1xP/Sレシオ4045 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4045 損益計算書（TTM）収益JP¥161.12b売上原価JP¥113.37b売上総利益JP¥47.75bその他の費用JP¥34.21b収益JP¥13.54b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）127.57グロス・マージン29.64%純利益率8.40%有利子負債／自己資本比率9.6%4045 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.1%現在の配当利回り52%配当性向4045 配当は確実ですか？4045 配当履歴とベンチマークを見る4045 、いつまでに購入すれば配当金を受け取れますか？Toagosei 配当日配当落ち日Jun 29 2026配当支払日Sep 04 2026配当落ちまでの日数35 days配当支払日までの日数102 days4045 配当は確実ですか？4045 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 12:18終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Toagosei Co., Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Katsuhiko IshibashiIchiyoshi Research Institute Inc.Mikiya YamadaMizuho Securities Co., Ltd.Yuto OtaniMizuho Securities Co., Ltd.
Reported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.00 (vs JP¥18.01 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.00 (up from JP¥18.01 in 1Q 2025). Revenue: JP¥38.6b (down 3.0% from 1Q 2025). Net income: JP¥2.77b (up 39% from 1Q 2025). Profit margin: 7.2% (up from 5.0% in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 21Toagosei Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Toagosei Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
Declared Dividend • Apr 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th June 2026 Payment date: 4th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Feb 27Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,915. The fair value is estimated to be JP¥1,563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period.
Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥117 (up from JP¥105 in FY 2024). Revenue: JP¥162.3b (down 3.2% from FY 2024). Net income: JP¥12.8b (up 7.5% from FY 2024). Profit margin: 7.9% (up from 7.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 12+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 27, 2026Toagosei Co., Ltd., Annual General Meeting, Mar 27, 2026.
Reported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.00 (vs JP¥18.01 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.00 (up from JP¥18.01 in 1Q 2025). Revenue: JP¥38.6b (down 3.0% from 1Q 2025). Net income: JP¥2.77b (up 39% from 1Q 2025). Profit margin: 7.2% (up from 5.0% in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 21Toagosei Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Toagosei Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
Declared Dividend • Apr 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th June 2026 Payment date: 4th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Feb 27Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,915. The fair value is estimated to be JP¥1,563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period.
Reported Earnings • Feb 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥117 (up from JP¥105 in FY 2024). Revenue: JP¥162.3b (down 3.2% from FY 2024). Net income: JP¥12.8b (up 7.5% from FY 2024). Profit margin: 7.9% (up from 7.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 12+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 27, 2026Toagosei Co., Ltd., Annual General Meeting, Mar 27, 2026.
Buy Or Sell Opportunity • Feb 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥1,882. The fair value is estimated to be JP¥1,558, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
分析記事 • Jan 16Here's Why Toagosei (TSE:4045) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Upcoming Dividend • Dec 22Upcoming dividend of JP¥32.50 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).
分析記事 • Dec 09Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥32.50The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 31st of March, with...
お知らせ • Dec 04Toagosei Co., Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026Toagosei Co., Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026
分析記事 • Nov 25Toagosei's (TSE:4045) Dividend Will Be ¥32.50Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥32.50 per share on the 31st of March...
Buy Or Sell Opportunity • Nov 19Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,529. The fair value is estimated to be JP¥1,914, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: JP¥21.16 (vs JP¥30.62 in 3Q 2024)Third quarter 2025 results: EPS: JP¥21.16 (down from JP¥30.62 in 3Q 2024). Revenue: JP¥39.5b (down 5.4% from 3Q 2024). Net income: JP¥2.29b (down 34% from 3Q 2024). Profit margin: 5.8% (down from 8.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 19Now 20% undervaluedOver the last 90 days, the stock has risen 5.2% to JP¥1,522. The fair value is estimated to be JP¥1,903, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.
Buy Or Sell Opportunity • Sep 30Now 21% undervaluedOver the last 90 days, the stock has risen 6.9% to JP¥1,512. The fair value is estimated to be JP¥1,905, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.
分析記事 • Sep 19Toagosei (TSE:4045) Has Announced A Dividend Of ¥32.50The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥32.50 per share on the 31st...
お知らせ • Sep 10Toagosei Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Toagosei Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
分析記事 • Sep 05Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥32.50Toagosei Co., Ltd. ( TSE:4045 ) will pay a dividend of ¥32.50 on the 31st of March. This makes the dividend yield 4.2...
Declared Dividend • Sep 05First half dividend of JP¥32.50 announcedShareholders will receive a dividend of JP¥32.50. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 9.2% to JP¥1,535. The fair value is estimated to be JP¥1,922, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period.
Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: JP¥33.84 (vs JP¥38.00 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.84 (down from JP¥38.00 in 2Q 2024). Revenue: JP¥40.5b (down 4.8% from 2Q 2024). Net income: JP¥3.72b (down 14% from 2Q 2024). Profit margin: 9.2% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥32.50 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.9%).
お知らせ • May 29Toagosei Co., Ltd. to Report Q2, 2025 Results on Jul 31, 2025Toagosei Co., Ltd. announced that they will report Q2, 2025 results on Jul 31, 2025
Reported Earnings • Apr 29First quarter 2025 earnings released: EPS: JP¥18.01 (vs JP¥23.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.01 (down from JP¥23.60 in 1Q 2024). Revenue: JP¥39.8b (up 2.1% from 1Q 2024). Net income: JP¥2.00b (down 26% from 1Q 2024). Profit margin: 5.0% (down from 7.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Apr 11Final dividend of JP¥32.50 announcedShareholders will receive a dividend of JP¥32.50. Ex-date: 27th June 2025 Payment date: 5th September 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 03Returns On Capital At Toagosei (TSE:4045) Have StalledIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
お知らせ • Mar 14Toagosei Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Toagosei Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025
Reported Earnings • Feb 15Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥105. Revenue: JP¥167.6b (up 5.2% from FY 2023). Net income: JP¥11.9b (down 2.5% from FY 2023). Profit margin: 7.1% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan.
お知らせ • Feb 13+ 1 more updateToagosei Co., Ltd., Annual General Meeting, Mar 28, 2025Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%).
分析記事 • Dec 05Toagosei (TSE:4045) Has Announced A Dividend Of ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥30.00 per share on the 31st...
お知らせ • Dec 05Toagosei Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025Toagosei Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: JP¥30.62 (vs JP¥22.95 in 3Q 2023)Third quarter 2024 results: EPS: JP¥30.62 (up from JP¥22.95 in 3Q 2023). Revenue: JP¥41.8b (up 6.6% from 3Q 2023). Net income: JP¥3.47b (up 28% from 3Q 2023). Profit margin: 8.3% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Oct 30Toagosei Co., Ltd. Announces Executive Changes, Effective January 1, 2025Toagosei Co., Ltd. announced that resolved to implement a Representative Directors change of the position at a Board of Directors' meeting held on October 28, 2024. Reason for the Change: To enhance corporate value, aim to strengthen management structure. Names and Titles of the New and Old Representative Directors: Mikishi Takamura: New Position: Chairman and Representative Director; Current Position: President and Representative Director; Hidenori Kobuchi: New Position: President and Representative Director and COO; Current Position: Vice President and Representative Director General Manager, Corporate Strategy Division. Scheduled Date of Appointment: January 1, 2025. Name: Mikishi Takamura; Date of birth: March 28, 1956; Final academic record: March 1980 Faculty of Letters, Keio University; Birthplace: Tokyo prefecture; April 1980 Joined Toagosei Chemical Industry Co., Ltd. April 2002 General Manager, Finance Group, Administrative Department; April 2005 General Manager, Human Resources & General Affairs Group, Administrative Department; April 2006 General Manager, Human Resources & General Affairs Group and General Manager, Investor Relations & Public Relations Section, Administrative Department; April 2008 Deputy Plant Manager, Nagoya Plant; March 2010 Director, General Manager, Administrative Department; April 2012 Director, General Manager, Administrative Division; March 2013 Director, General Manager, Corporate Strategy Department; March 2015 Vice President and Representative Director and General Manager, Corporate Strategy Division; November 2015 President and Representative Director and General Manager, Corporate Strategy Division; January 2016 President and Representative Director (current position). Name: Hidenori Kobuchi; Date of birth: December 4, 1963; Final academic record: March 1988 - Completed the Industrial Chemistry Program at the Graduate School of Science and Technology in Meiji University; Birthplace: Yamaguchi Prefecture; April 1988 Joined Toagosei Chemical Industry Co., Ltd.; April 2010 General Manager of the Adhesive Group in the Functional Chemicals Division; April 2013 General Manager of the Polymer and UV-curable Group in the Acrylic Products Division; January 2016 General Manager of the Polymer and UV-curable Group & General Manager of the New Products Exploration Group in the Acrylic Products Division; January 2017 General Manager of the Polymer Department in the Polymer & Oligomer Division; March 2018 Executive Officer and General Manager of the Polymer & Oligomer Division, General Manager of the Polymer Department; January2019 Executive Officer and General Manager of the Polymer & Oligomer Division; January 2021 Executive Officer and President and Representative Director of MT AquaPolymer Inc.; March 2023 Director and General Manager of the Supply Chain Management Division & General Manager of the Head Office Sales Department; January 2024 Vice President and Representative Director General Manager, Corporate Strategy Division (current position).
分析記事 • Oct 29Toagosei (TSE:4045) Has Announced A Dividend Of ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 31st of March, with...
分析記事 • Oct 22Are Investors Undervaluing Toagosei Co., Ltd. (TSE:4045) By 36%?Key Insights Toagosei's estimated fair value is JP¥2,468 based on 2 Stage Free Cash Flow to Equity Toagosei's JP¥1,592...
分析記事 • Sep 04Toagosei's (TSE:4045) Dividend Will Be ¥30.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥30.00 per share on the 31st...
お知らせ • Sep 04Toagosei Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Toagosei Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
分析記事 • Aug 05Toagosei (TSE:4045) Will Pay A Dividend Of ¥30.00Toagosei Co., Ltd.'s ( TSE:4045 ) investors are due to receive a payment of ¥30.00 per share on 31st of March. This...
New Risk • Aug 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 3.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Declared Dividend • Aug 02First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jun 18Price target increased by 17% to JP¥1,700Up from JP¥1,450, the current price target is provided by 1 analyst. New target price is 14% above last closing price of JP¥1,491. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥98.95 for next year compared to JP¥103 last year.
分析記事 • Jun 17Toagosei (TSE:4045) Will Pay A Dividend Of ¥29.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥29.00 per share on the 6th...
分析記事 • Jun 02Toagosei's (TSE:4045) Dividend Will Be ¥29.00The board of Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend on the 6th of September, with...
お知らせ • Jun 02Toagosei Co., Ltd. to Report Q2, 2024 Results on Jul 31, 2024Toagosei Co., Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024
Buy Or Sell Opportunity • May 31Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,540. The fair value is estimated to be JP¥1,282, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 6.6% in the next 2 years.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: JP¥23.60 (vs JP¥18.18 in 1Q 2023)First quarter 2024 results: EPS: JP¥23.60 (up from JP¥18.18 in 1Q 2023). Revenue: JP¥39.0b (up 2.1% from 1Q 2023). Net income: JP¥2.72b (up 24% from 1Q 2023). Profit margin: 7.0% (up from 5.7% in 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 11Toagosei (TSE:4045) Is Due To Pay A Dividend Of ¥29.00Toagosei Co., Ltd. ( TSE:4045 ) has announced that it will pay a dividend of ¥29.00 per share on the 6th of September...
Declared Dividend • Apr 11Final dividend of JP¥29.00 announcedShareholders will receive a dividend of JP¥29.00. Ex-date: 27th June 2024 Payment date: 6th September 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 28Toagosei Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Toagosei Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
お知らせ • Feb 14Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2024Toagosei Co., Ltd., Annual General Meeting, Mar 28, 2024.
Reported Earnings • Feb 14Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: JP¥103. Revenue: JP¥159.4b (flat on FY 2022). Net income: JP¥12.2b (down 2.5% from FY 2022). Profit margin: 7.6% (down from 7.8% in FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Chemicals industry in Japan.
お知らせ • Feb 13Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 5,000,000 shares, representing 4.28% for ¥6,000 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 4.28% of its issued share capital, for ¥6,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, expand corporate value, and implement flexible capital policies. The program will be valid till December 31, 2024. As of December 31, 2023, the company has 116,850,095 issued shares (excluding treasury stock) and 249,905 treasury shares.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥20.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).
お知らせ • Dec 05Toagosei Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024Toagosei Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024
New Risk • Nov 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (187% cash payout ratio). Large one-off items impacting financial results.
お知らせ • Aug 27Toagosei Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Toagosei Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: JP¥27.57 (vs JP¥27.18 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.57. Revenue: JP¥38.7b (down 3.7% from 2Q 2022). Net income: JP¥3.28b (down 2.7% from 2Q 2022). Profit margin: 8.5% (up from 8.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥18.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.5%).
お知らせ • May 31Toagosei Co., Ltd. to Report Q2, 2023 Results on Jul 31, 2023Toagosei Co., Ltd. announced that they will report Q2, 2023 results on Jul 31, 2023
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: JP¥18.18 (vs JP¥32.16 in 1Q 2022)First quarter 2023 results: EPS: JP¥18.18 (down from JP¥32.16 in 1Q 2022). Revenue: JP¥38.2b (up 1.2% from 1Q 2022). Net income: JP¥2.19b (down 46% from 1Q 2022). Profit margin: 5.7% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 12Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: JP¥101 (down from JP¥108 in FY 2021). Revenue: JP¥160.8b (up 2.9% from FY 2021). Net income: JP¥12.5b (down 9.3% from FY 2021). Profit margin: 7.8% (down from 8.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023.
お知らせ • Feb 11Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 6,000,000 shares, representing 4.95% for ¥6,000 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 4.95% of its share capital, for ¥6,000 million. The company will repurchase its shares in order to further return profits to all shareholders, improve capital efficiency, expand corporate value and implement a flexible capital policy. The program will run until December 31, 2023. As of December 31, 2022, the company had 121,105,217 shares outstanding (excluding treasury shares) and 994,783 shares in treasury.
お知らせ • Dec 28Toagosei Co., Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023Toagosei Co., Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%).
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: JP¥23.63 (vs JP¥28.59 in 3Q 2021)Third quarter 2022 results: EPS: JP¥23.63 (down from JP¥28.59 in 3Q 2021). Revenue: JP¥40.7b (up 3.8% from 3Q 2021). Net income: JP¥2.90b (down 20% from 3Q 2021). Profit margin: 7.1% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 02Third quarter 2022 earnings released: EPS: JP¥23.63 (vs JP¥28.59 in 3Q 2021)Third quarter 2022 results: EPS: JP¥23.63 (down from JP¥28.59 in 3Q 2021). Revenue: JP¥40.7b (up 3.8% from 3Q 2021). Net income: JP¥2.90b (down 20% from 3Q 2021). Profit margin: 7.1% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Sep 10Toagosei Co., Ltd. to Report Q3, 2022 Results on Oct 31, 2022Toagosei Co., Ltd. announced that they will report Q3, 2022 results on Oct 31, 2022
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: JP¥27.18 (vs JP¥26.21 in 2Q 2021)Second quarter 2022 results: EPS: JP¥27.18 (up from JP¥26.21 in 2Q 2021). Revenue: JP¥40.2b (up 5.3% from 2Q 2021). Net income: JP¥3.38b (flat on 2Q 2021). Profit margin: 8.4% (down from 8.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.0%).
お知らせ • Jun 08Toagosei Co., Ltd. to Report Q2, 2022 Results on Jul 29, 2022Toagosei Co., Ltd. announced that they will report Q2, 2022 results on Jul 29, 2022
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: JP¥32.16 (vs JP¥28.54 in 1Q 2021)First quarter 2022 results: EPS: JP¥32.16 (up from JP¥28.54 in 1Q 2021). Revenue: JP¥37.8b (up 5.0% from 1Q 2021). Net income: JP¥4.02b (up 9.8% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 08Toagosei Co., Ltd. to Report Q1, 2022 Results on Apr 28, 2022Toagosei Co., Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022
お知らせ • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2022Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2022.
Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥108 (up from JP¥62.43 in FY 2020). Revenue: JP¥156.3b (up 17% from FY 2020). Net income: JP¥13.8b (up 69% from FY 2020). Profit margin: 8.8% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
お知らせ • Feb 01Toagosei Co., Ltd. (TSE:4045) announces an Equity Buyback for 3,200,000 shares, representing 2.56% for ¥3,500 million.Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase 3,200,000 shares, representing 2.56% of its share capital, for ¥3,500 million. The company will repurchase its shares in order to further return profits to all shareholders, improve capital efficiency, expand corporate value and implement a flexible capital policy. The program will run until December 31, 2022. As of December 31, 2021, the company had 125,016,596 shares outstanding (excluding treasury shares) and 183,404 shares in treasury.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%).
Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS JP¥26.21 (vs JP¥15.71 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥38.2b (up 21% from 2Q 2020). Net income: JP¥3.36b (up 63% from 2Q 2020). Profit margin: 8.8% (up from 6.5% in 2Q 2020). The increase in margin was driven by higher revenue. 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 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 04 September 2021. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.0%).
Reported Earnings • May 02First quarter 2021 earnings released: EPS JP¥28.54 (vs JP¥13.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥36.0b (up 5.0% from 1Q 2020). Net income: JP¥3.66b (up 112% from 1Q 2020). Profit margin: 10% (up from 5.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% 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.
Reported Earnings • Apr 03Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥133.4b (down 8.0% from FY 2019). Net income: JP¥8.14b (down 22% from FY 2019). Profit margin: 6.1% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 11New 90-day high: JP¥1,304The company is up 1.0% from its price of JP¥1,290 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period.
お知らせ • Feb 14Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2021Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2021.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥62.43 (vs JP¥78.91 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥133.4b (down 8.0% from FY 2019). Net income: JP¥8.14b (down 22% from FY 2019). Profit margin: 6.1% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Jan 14Toagosei Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021Toagosei Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021
お知らせ • Oct 08Toagosei Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Toagosei Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020
お知らせ • Jul 17Toagosei Co., Ltd. to Report Q2, 2020 Results on Jul 31, 2020Toagosei Co., Ltd. announced that they will report Q2, 2020 results on Jul 31, 2020
