View Financial HealthToagosei 배당 및 자사주 매입배당 기준 점검 5/6Toagosei 수익으로 충분히 충당되는 현재 수익률 3.9% 보유한 배당금 지급 회사입니다. 다음 지급일은 4th September, 2026 이며 배당락일은 다음과 같습니다. 29th June, 2026.핵심 정보3.9%배당 수익률3.7%자사주 매입 수익률총 주주 수익률7.6%미래 배당 수익률4.2%배당 성장률10.3%다음 배당 지급일04 Sep 26배당락일29 Jun 26주당 배당금n/a배당 성향52%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 04 September 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.0%).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.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%).분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 04 September 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.0%).공고 • May 30Toagosei Co., Ltd. to Report Q2, 2026 Results on Jul 31, 2026Toagosei Co., Ltd. announced that they will report Q2, 2026 results on Jul 31, 2026Reported 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.공고 • 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.공고 • 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.분석 기사 • 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%).분석 기사 • 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...공고 • 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, 2026분석 기사 • 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.분석 기사 • 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...공고 • 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, 2025분석 기사 • 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%).공고 • 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.분석 기사 • 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...공고 • 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.공고 • 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%).분석 기사 • 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...공고 • 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.공고 • 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).분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...공고 • 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, 2024분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...공고 • 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.분석 기사 • 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.공고 • 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, 2024공고 • 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.공고 • 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%).공고 • 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.공고 • 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%).공고 • 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.공고 • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023.공고 • 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.공고 • 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.공고 • 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%).공고 • 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.공고 • 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, 2022공고 • 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.공고 • 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.공고 • 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.공고 • 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, 2021공고 • 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, 2020공고 • 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, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 4045 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: 4045 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Toagosei 배당 수익률 vs 시장4045의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (4045)3.9%시장 하위 25% (JP)1.8%시장 상위 25% (JP)3.8%업계 평균 (Chemicals)2.3%분석가 예측 (4045) (최대 3년)4.2%주목할만한 배당금: 4045 의 배당금( 3.9% )은 JP 시장에서 배당금 지급자의 하위 25%( 1.84% )보다 높습니다.고배당: 4045 의 배당금( 3.9% )은 JP 시장( 3.79% )주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 51.8% )을 통해 4045 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 4045 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YJP 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/31 09:52종가2026/07/31 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Toagosei Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Katsuhiko IshibashiIchiyoshi Research Institute Inc.Mikiya YamadaMizuho Securities Co., Ltd.Yuto OtaniMizuho Securities Co., Ltd.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 04 September 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.0%).
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.
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%).
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
Upcoming Dividend • Jun 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 04 September 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.0%).
공고 • May 30Toagosei Co., Ltd. to Report Q2, 2026 Results on Jul 31, 2026Toagosei Co., Ltd. announced that they will report Q2, 2026 results on Jul 31, 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.
공고 • 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.
공고 • 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.
분석 기사 • 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%).
분석 기사 • 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...
공고 • 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
분석 기사 • 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.
분석 기사 • 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...
공고 • 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
분석 기사 • 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%).
공고 • 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.
분석 기사 • 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...
공고 • 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.
공고 • 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%).
분석 기사 • 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...
공고 • 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.
공고 • 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).
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
공고 • 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
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
공고 • 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.
분석 기사 • 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.
공고 • 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
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • Feb 12Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023Toagosei Co., Ltd., Annual General Meeting, Mar 30, 2023.
공고 • 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.
공고 • 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.
공고 • 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%).
공고 • 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.
공고 • 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
공고 • 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.
공고 • 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.
공고 • 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.
공고 • 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
공고 • 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
공고 • 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