Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥36.97 (vs JP¥37.02 in FY 2025) Full year 2026 results: EPS: JP¥36.97 (down from JP¥37.02 in FY 2025). Revenue: JP¥34.6b (flat on FY 2025). Net income: JP¥1.29b (flat on FY 2025). Profit margin: 3.7% (in line with FY 2025). 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 13% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 15
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥383. The fair value is estimated to be JP¥488, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.6%. 공시 • May 14
Toho Acetylene Co., Ltd., Annual General Meeting, Jun 26, 2026 Toho Acetylene Co., Ltd., Annual General Meeting, Jun 26, 2026. New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥14.0b market cap, or US$89.2m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥11.21 (vs JP¥6.96 in 3Q 2025) Third quarter 2026 results: EPS: JP¥11.21 (up from JP¥6.96 in 3Q 2025). Revenue: JP¥9.07b (up 1.4% from 3Q 2025). Net income: JP¥390.0m (up 61% from 3Q 2025). Profit margin: 4.3% (up from 2.7% in 3Q 2025). 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 15% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 16
First half dividend of JP¥9.00 announced Dividend of JP¥9.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Dec 13
Toho Acetylene Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Toho Acetylene Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥4.54 (vs JP¥8.23 in 2Q 2025) Second quarter 2026 results: EPS: JP¥4.54 (down from JP¥8.23 in 2Q 2025). Revenue: JP¥7.52b (down 6.0% from 2Q 2025). Net income: JP¥158.0m (down 45% from 2Q 2025). Profit margin: 2.1% (down from 3.6% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Sep 27
Toho Acetylene Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Toho Acetylene Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥8.11 (vs JP¥9.64 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.11 (down from JP¥9.64 in 1Q 2025). Revenue: JP¥8.46b (up 1.8% from 1Q 2025). Net income: JP¥282.0m (down 16% from 1Q 2025). Profit margin: 3.3% (down from 4.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Declared Dividend • Jul 09
Final dividend of JP¥5.00 announced Dividend of JP¥5.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 15th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Jun 27
Toho Acetylene Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Toho Acetylene Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥37.01 (vs JP¥40.72 in FY 2024) Full year 2025 results: EPS: JP¥37.01 (down from JP¥40.72 in FY 2024). Revenue: JP¥34.8b (down 1.7% from FY 2024). Net income: JP¥1.29b (down 9.0% from FY 2024). Profit margin: 3.7% (down from 4.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. 공시 • May 14
Toho Acetylene Co., Ltd., Annual General Meeting, Jun 26, 2025 Toho Acetylene Co., Ltd., Annual General Meeting, Jun 26, 2025. 공시 • Apr 04
Toho Acetylene Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Toho Acetylene Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Declared Dividend • Feb 17
Dividend of JP¥9.00 announced Dividend of JP¥9.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥6.96 (vs JP¥14.91 in 3Q 2024) Third quarter 2025 results: EPS: JP¥6.96 (down from JP¥14.91 in 3Q 2024). Revenue: JP¥8.94b (down 5.0% from 3Q 2024). Net income: JP¥242.0m (down 53% from 3Q 2024). Profit margin: 2.7% (down from 5.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 공시 • Jan 03
Toho Acetylene Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Toho Acetylene Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥8.23 (vs JP¥6.59 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.23 (up from JP¥6.59 in 2Q 2024). Revenue: JP¥8.00b (up 1.3% from 2Q 2024). Net income: JP¥286.0m (up 25% from 2Q 2024). Profit margin: 3.6% (up from 2.9% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). 공시 • Sep 04
Toho Acetylene Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Toho Acetylene Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥9.64 (vs JP¥6.71 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.64 (up from JP¥6.71 in 1Q 2024). Revenue: JP¥8.32b (flat on 1Q 2024). Net income: JP¥335.0m (up 44% from 1Q 2024). Profit margin: 4.0% (up from 2.8% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥310, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 43% over the past three years. 공시 • Jun 08
Toho Acetylene Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Toho Acetylene Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥40.72 (vs JP¥28.46 in FY 2023) Full year 2024 results: EPS: JP¥40.72 (up from JP¥28.46 in FY 2023). Revenue: JP¥35.4b (up 3.9% from FY 2023). Net income: JP¥1.42b (up 43% from FY 2023). Profit margin: 4.0% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. 공시 • May 17
Toho Acetylene Co., Ltd., Annual General Meeting, Jun 27, 2024 Toho Acetylene Co., Ltd., Annual General Meeting, Jun 27, 2024. 공시 • Mar 21
Toho Acetylene Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Toho Acetylene Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥9.41b (up 2.2% from 3Q 2023). Net income: JP¥518.0m (up 86% from 3Q 2023). Profit margin: 5.5% (up from 3.0% in 3Q 2023). 공시 • Dec 28
Toho Acetylene Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Toho Acetylene Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥32.94 (vs JP¥24.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.94 (up from JP¥24.05 in 2Q 2023). Revenue: JP¥7.90b (down 1.6% from 2Q 2023). Net income: JP¥229.0m (up 37% from 2Q 2023). Profit margin: 2.9% (up from 2.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). 공시 • Sep 15
Toho Acetylene Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Toho Acetylene Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥33.54 (vs JP¥29.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥33.54 (up from JP¥29.11 in 1Q 2023). Revenue: JP¥8.31b (up 8.3% from 1Q 2023). Net income: JP¥233.0m (up 15% from 1Q 2023). Profit margin: 2.8% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 공시 • Jun 15
Toho Acetylene Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Toho Acetylene Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥142 (vs JP¥119 in FY 2022) Full year 2023 results: EPS: JP¥142 (up from JP¥119 in FY 2022). Revenue: JP¥34.1b (up 9.0% from FY 2022). Net income: JP¥988.0m (up 20% from FY 2022). Profit margin: 2.9% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 35% and the cash payout ratio is 82%. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥40.01 (vs JP¥37.17 in 3Q 2022) Third quarter 2023 results: EPS: JP¥40.01 (up from JP¥37.17 in 3Q 2022). Revenue: JP¥9.21b (up 12% from 3Q 2022). Net income: JP¥278.0m (up 7.8% from 3Q 2022). Profit margin: 3.0% (down from 3.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Nov 27
Toho Acetylene Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Toho Acetylene Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yutaka Yamashita was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥24.05 (vs JP¥14.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥24.05 (up from JP¥14.99 in 2Q 2022). Revenue: JP¥8.02b (up 19% from 2Q 2022). Net income: JP¥167.0m (up 61% from 2Q 2022). Profit margin: 2.1% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). 공시 • Aug 31
Toho Acetylene Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Toho Acetylene Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥29.11 (vs JP¥16.30 in 1Q 2022) First quarter 2023 results: EPS: JP¥29.11 (up from JP¥16.30 in 1Q 2022). Revenue: JP¥7.67b (up 8.0% from 1Q 2022). Net income: JP¥202.0m (up 79% from 1Q 2022). Profit margin: 2.6% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% 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. 공시 • Jun 29
Toho Acetylene Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Toho Acetylene Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥119 (vs JP¥106 in FY 2021) Full year 2022 results: EPS: JP¥119 (up from JP¥106 in FY 2021). Revenue: JP¥31.3b (up 4.9% from FY 2021). Net income: JP¥823.0m (up 12% from FY 2021). Profit margin: 2.6% (in line with FY 2021). 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 5% per year, which means it has not declined as severely as earnings. 공시 • May 15
Toho Acetylene Co., Ltd., Annual General Meeting, Jun 29, 2022 Toho Acetylene Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Yutaka Yamashita was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 08
Toho Acetylene Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Toho Acetylene Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥37.17 (up from JP¥35.03 in 3Q 2021). Revenue: JP¥8.21b (up 6.1% from 3Q 2021). Net income: JP¥258.0m (up 5.3% from 3Q 2021). Profit margin: 3.1% (down from 3.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% 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 • Nov 15
Second quarter 2022 earnings released: EPS JP¥14.99 (vs JP¥16.31 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.74b (down 1.0% from 2Q 2021). Net income: JP¥104.0m (down 8.8% from 2Q 2021). Profit margin: 1.5% (down from 1.7% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,463, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,532, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥106 (vs JP¥132 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥29.8b (down 11% from FY 2020). Net income: JP¥738.0m (down 20% from FY 2020). Profit margin: 2.5% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 11
New 90-day low: JP¥1,314 The company is down 15% from its price of JP¥1,548 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. 공시 • Mar 04
Toho Acetylene Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Toho Acetylene Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥35.03 (vs JP¥39.51 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.74b (down 8.0% from 3Q 2020). Net income: JP¥245.0m (down 11% from 3Q 2020). Profit margin: 3.2% (down from 3.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥1,518, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 18.9x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total returns to shareholders over the past three years are 1.6%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥1,548, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 11.9x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total returns to shareholders over the past three years are 3.5%. Is New 90 Day High Low • Dec 11
New 90-day high: JP¥1,548 The company is up 23% from its price of JP¥1,260 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. 공시 • Sep 03
Toho Acetylene Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Toho Acetylene Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 공시 • Jun 17
Toho Acetylene Co., Ltd. to Report Q1, 2021 Results on Aug 07, 2020 Toho Acetylene Co., Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020