Reported Earnings • Aug 07
First quarter 2027 earnings released: EPS: JP¥34.81 (vs JP¥17.84 in 1Q 2026) First quarter 2027 results: EPS: JP¥34.81 (up from JP¥17.84 in 1Q 2026). Revenue: JP¥110.4b (up 7.3% from 1Q 2026). Net income: JP¥3.07b (up 95% from 1Q 2026). Profit margin: 2.8% (up from 1.5% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €9.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 63% over the past three years. New Risk • Jul 17
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 German stocks, typically moving 8.2% 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: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Aankondiging • Jun 16
Toyobo Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Toyobo Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €10.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Chemicals industry in Germany. Total returns to shareholders of 75% over the past three years. New Risk • May 25
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 German stocks, typically moving 8.7% 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: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Board Change • May 20
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Substitute Director Yoshinori Satoi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 12
Toyobo Co., Ltd., Annual General Meeting, Jun 24, 2026 Toyobo Co., Ltd., Annual General Meeting, Jun 24, 2026. Aankondiging • May 09
Toyobo Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Toyobo Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Aankondiging • Dec 20
Toyobo Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Toyobo Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Aankondiging • Nov 28
Teijin Frontier Co., Ltd. signed a letter of intent to acquire Toyobo Automotive Textiles Changshu Company from Toyobo Co., Ltd. (TSE:3101). Teijin Frontier Co., Ltd. signed a letter of intent to acquire Toyobo Automotive Textiles Changshu Company from Toyobo Co., Ltd. (TSE:3101) on November 25, 2025. Agreement was signed on November 26, 2025.
The expected completion of the transaction is February 2, 2026. Aankondiging • Sep 10
Toyobo Co., Ltd. to Report First Half, 2026 Results on Nov 10, 2025 Toyobo Co., Ltd. announced that they will report first half, 2026 results on Nov 10, 2025 Aankondiging • Jun 11
Toyobo Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Toyobo Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Aankondiging • Mar 12
Toyobo Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Toyobo Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Aankondiging • Dec 11
Toyobo Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Toyobo Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Nov 10
Dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 702%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) and 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 1.3% 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. The company's earnings per share (EPS) would need to grow by 602% to bring the payout ratio under control. EPS is expected to grow by 179% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Buy Or Sell Opportunity • Nov 04
Now 20% overvalued Over the last 90 days, the stock has fallen 1.7% to €5.75. The fair value is estimated to be €4.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Buy Or Sell Opportunity • Oct 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to €6.15. The fair value is estimated to be €5.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Aankondiging • Sep 13
Toyobo Co., Ltd. to Report First Half, 2025 Results on Nov 07, 2024 Toyobo Co., Ltd. announced that they will report first half, 2025 results on Nov 07, 2024 Buy Or Sell Opportunity • Aug 23
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €6.05. The fair value is estimated to be €5.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥8.90 (vs JP¥5.77 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥8.90 (up from JP¥5.77 loss in 1Q 2024). Revenue: JP¥105.2b (up 8.4% from 1Q 2024). Net income: JP¥784.0m (up JP¥1.29b from 1Q 2024). Profit margin: 0.7% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Board Change • Jul 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Managing Executive Officer, Representative Director & Head of Life Science Division Takahito Sagara was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 13
Toyobo Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Toyobo Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥27.87 (vs JP¥7.37 loss in FY 2023) Full year 2024 results: EPS: JP¥27.87 (up from JP¥7.37 loss in FY 2023). Revenue: JP¥414.3b (up 3.6% from FY 2023). Net income: JP¥2.46b (up JP¥3.11b from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Aankondiging • May 15
Toyobo Co., Ltd., Annual General Meeting, Jun 25, 2024 Toyobo Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.8%). Aankondiging • Mar 11
Toyobo Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Toyobo Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: JP¥4.97 loss per share (vs JP¥13.61 loss in 3Q 2023) Third quarter 2024 results: JP¥4.97 loss per share (improved from JP¥13.61 loss in 3Q 2023). Revenue: JP¥107.9b (up 11% from 3Q 2023). Net loss: JP¥438.0m (loss narrowed 64% from 3Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 25
Toyobo Co., Ltd. Announces Resignation of Hiroshi Otsuki as CFO, Effective April 1, 2024 Toyobo Co., Ltd. announced that it has resolved to change the representative directors at the meeting of the board of directors held on January 25, 2024: Hiroshi Otsuki, Representative Director and Senior Managing Executive Officer (CFO) as director. Effective date is April 1, 2024. Aankondiging • Dec 14
Toyobo Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Toyobo Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Aankondiging • Nov 11
Toyobo Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2024 Toyobo Co., Ltd. revised earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expects net sales of JPY 410,000 million compared to previous guidance of JPY 430,000 million, operating profit of JPY 10,000 million compared to previous guidance of JPY 15,000 million, profit attributable to owners of parent of JPY 1,000 million compared to previous guidance of JPY 4,000 million and net profit per share of JPY 11.24 compared to previous guidance of JPY 45.00. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥28.59 (vs JP¥35.67 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.59 (down from JP¥35.67 in 2Q 2023). Revenue: JP¥102.4b (up 2.3% from 2Q 2023). Net income: JP¥2.52b (down 21% from 2Q 2023). Profit margin: 2.5% (down from 3.2% in 2Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 15
Toyobo Co., Ltd. to Report First Half, 2024 Results on Nov 09, 2023 Toyobo Co., Ltd. announced that they will report first half, 2024 results on Nov 09, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥5.77 loss per share (vs JP¥87.71 profit in 1Q 2023) First quarter 2024 results: JP¥5.77 loss per share (down from JP¥87.71 profit in 1Q 2023). Revenue: JP¥97.1b (down 3.9% from 1Q 2023). Net loss: JP¥508.0m (down 107% from profit in 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Board Change • Jul 21
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Corporate Auditor Yasuo Ohta was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 14
Toyobo Co., Ltd. to Report Q1, 2024 Results on Aug 07, 2023 Toyobo Co., Ltd. announced that they will report Q1, 2024 results on Aug 07, 2023 Aankondiging • Jun 13
Toyobo Co., Ltd., Annual General Meeting, Jun 28, 2023 Toyobo Co., Ltd., Annual General Meeting, Jun 28, 2023, at 10:00 Tokyo Standard Time. Location: Umeda south Hall,11th Floor, Osaka Umeda Twin Towers South 1-13-1 Umeda Osaka Japan Agenda: To consider business report, consolidated financial statements for the 165th term and audit results of the consolidated financial statements by the financial auditor and the board of corporate auditors; to consider non-consolidated financial statements for the 165th term; to consider appropriation of surplus; to consider election of ten directors; to consider election of two corporate auditors; to consider election of one substitute corporate auditor; and to consider other issues. Reported Earnings • May 14
Full year 2023 earnings released: JP¥7.37 loss per share (vs JP¥145 profit in FY 2022) Full year 2023 results: JP¥7.37 loss per share (down from JP¥145 profit in FY 2022). Revenue: JP¥399.9b (up 6.4% from FY 2022). Net loss: JP¥655.0m (down 105% from profit in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Aankondiging • May 13
Toyobo Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ended March 31, 2023 Toyobo Co., Ltd. revised earnings guidance for the fiscal year ended March 31, 2023 For the period, the company expects net sales of JPY 399,921 million as compared to previous guidance of JPY 400,000 million. Operating profit of JPY 10,063 million as compared to previous guidance JPY 11,000 million. Profit attributable to owners of parent of JPY 655 million as compared to previous guidance JPY 6,500 million. Net loss per share of JPY 7.37 as compared to previous guidance net profit per share of JPY 73.08. Aankondiging • May 11
Toyobo Co., Ltd., Annual General Meeting, Jun 28, 2023 Toyobo Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: JP¥13.61 loss per share (vs JP¥27.22 profit in 3Q 2022) Third quarter 2023 results: JP¥13.61 loss per share (down from JP¥27.22 profit in 3Q 2022). Revenue: JP¥97.6b (up 7.7% from 3Q 2022). Net loss: JP¥1.21b (down 150% from profit in 3Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Feb 09
Toyobo Co., Ltd. (TSE:3101) announces an Equity Buyback for 1,300,000 shares, representing 1.46% for ¥1,000 million. Toyobo Co., Ltd. (TSE:3101) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 1.46% of its share capital, for ¥1,000 million. The purpose of the program is to allocate shares over several fiscal years to the plan of compensation for granting restricted shares introduced as an incentive plan for officers. The program will expire on April 30, 2023. As of December 31, 2022, the company had 88,980,243 shares in issue (excluding treasury stock) and 68,549 shares in treasury. Aankondiging • Dec 07
Toyobo Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Toyobo Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Hiroshi Fukushi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥35.67 (vs JP¥39.78 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.67 (down from JP¥39.78 in 2Q 2022). Revenue: JP¥100.1b (up 12% from 2Q 2022). Net income: JP¥3.17b (down 10% from 2Q 2022). Profit margin: 3.2% (down from 4.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Sep 14
Toyobo Co., Ltd. to Report First Half, 2023 Results on Nov 10, 2022 Toyobo Co., Ltd. announced that they will report first half, 2023 results on Nov 10, 2022 Buying Opportunity • Sep 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 6.5% per annum over the same time period. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥87.71 (vs JP¥69.45 in 1Q 2022) First quarter 2023 results: EPS: JP¥87.71 (up from JP¥69.45 in 1Q 2022). Revenue: JP¥101.0b (up 6.8% from 1Q 2022). Net income: JP¥7.80b (up 26% from 1Q 2022). Profit margin: 7.7% (up from 6.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 3.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Jun 21
Toyobo Co., Ltd. to Report Q1, 2023 Results on Aug 08, 2022 Toyobo Co., Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 14
Full year 2022 earnings released: EPS: JP¥145 (vs JP¥47.30 in FY 2021) Full year 2022 results: EPS: JP¥145 (up from JP¥47.30 in FY 2021). Revenue: JP¥375.7b (up 11% from FY 2021). Net income: JP¥12.9b (up 206% from FY 2021). Profit margin: 3.4% (up from 1.2% in FY 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • May 12
Toyobo Co., Ltd., Annual General Meeting, Jun 24, 2022 Toyobo Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Non Executive Chairman of the Board Seiji Narahara is the most experienced director on the board, commencing their role in 2011. Independent Outside Director Masaaki Harima was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥27.22 (up from JP¥29.46 loss in 3Q 2021). Revenue: JP¥90.7b (up 5.0% from 3Q 2021). Net income: JP¥2.42b (up JP¥5.04b from 3Q 2021). Profit margin: 2.7% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 2.4%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Feb 10
Toyobo Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2022 Toyobo Co., Ltd. revised earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects net sales of JPY 370,000 million, Operating profit of JPY 29,000 million, Profit attributable to owners of parent of JPY 13,000 million and Net profit per share of JPY 146.32 per share. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS JP¥39.78 (vs JP¥9.88 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥89.2b (up 8.7% from 2Q 2021). Net income: JP¥3.54b (up 303% from 2Q 2021). Profit margin: 4.0% (up from 1.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Aug 20
Toyobo Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2022 Toyobo Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects Net sales of JPY 365,000 million. Operating profit was JPY 29,000 million. Profit attributable to owners of parent JPY 13,000 million. Net profit per share was JPY 146.32 per share. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥47.30 (vs JP¥155 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥337.4b (flat on FY 2020). Net income: JP¥4.20b (down 70% from FY 2020). Profit margin: 1.2% (down from 4.1% in FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥47.30 (vs JP¥155 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥337.4b (flat on FY 2020). Net income: JP¥4.20b (down 70% from FY 2020). Profit margin: 1.2% (down from 4.1% in FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥40.00 Per Share Will be paid on the 25th of June to those who are registered shareholders by the 30th of March. The trailing yield of 2.6% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (3.6%). Aankondiging • Mar 10
Toyobo Co., Ltd. to Report Fiscal Year 2021 Results on May 10, 2021 Toyobo Co., Ltd. announced that they will report fiscal year 2021 results on May 10, 2021 Is New 90 Day High Low • Mar 10
New 90-day high: €11.20 The company is up 8.0% from its price of €10.40 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.15 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: JP¥29.46 loss per share (vs JP¥36.25 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥86.4b (up 3.9% from 3Q 2020). Net loss: JP¥2.62b (down 181% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.7%, compared to a 5.1% growth forecast for the Chemicals industry in Germany. Aankondiging • Feb 01
Toyobo Co., Ltd. Develops New Functional OPP Barrier Film Toyobo Co., Ltd. has developed a new biaxially oriented polypropylene (BOPP) film with high gas barrier function that will enable mono-material packaging. The product, named DP065, will be introduced to clients as a sample in mid-March and is scheduled to be launched around on the end of April. Demand for eco-friendly products is rising because consumers across the world have become increasingly conscious about the importance of protecting the environment. Food packaging films, which must meet high functionality standards, are made up of several materials with different properties, such as PET films, aluminum foil and polyethylene films. These types of packaging are called multi-layer. However, multi-layer packaging is not easy to recycle because they contain multiple materials. To address this issue, Toyobo has developed DP065, an OPP film that will help create mono-material products. It possesses high gas barrier function and excellent processing suitability while complying with international safety standards for packaging materials. Furthermore, DP065 does not contain chlorine, so it does not emit harmful gas containing chlorine and its compounds when recycled or incinerated. Toyobo has promoted mono-material by marketing Olyester, a polyester film used as a sealant and for other purposes. Toyobo will continue contributing to a circular economy by broadening its lineup of highly functional film products using polyolefin and spreading them around the world. Main features of OPP barrier film DP065: High barrier properties: Water vapor transmittance of 2g/m2d; oxygen transmittance of 2cc/m2d·atm; Excellent processing suitability (printing, laminating and pouch making): High heat resistance OPP developed as a base film; Safety: Complies with FDA and EU regulations; Does not contain chlorine: No emissions of gas containing chlorine and its compounds when recycled or incinerated. Is New 90 Day High Low • Jan 30
New 90-day low: €10.10 The company is down 9.0% from its price of €11.10 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.98 per share. Aankondiging • Dec 13
Toyobo Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Toyobo Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Nov 27
New 90-day low: €10.40 The company is down 12% from its price of €11.80 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.14 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.9%, compared to a 3.1% growth forecast for the Chemicals industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥14.87 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥78.8b (down 6.3% from 2Q 2020). Net income: JP¥1.32b (up 33% from 2Q 2020). Profit margin: 1.7% (up from 1.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Oct 31
New 90-day low: €11.10 The company is down 3.0% from its price of €11.50 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.12 per share. Aankondiging • Sep 09
Toyobo Co., Ltd. to Report First Half, 2021 Results on Nov 09, 2020 Toyobo Co., Ltd. announced that they will report first half, 2021 results on Nov 09, 2020 Aankondiging • Sep 08
Toyobo Co., Ltd. to Report Fiscal Year 2020 Final Results on Aug 31, 2020 Toyobo Co., Ltd. announced that they will report fiscal year 2020 final results on Aug 31, 2020 
