Toagosei (4045) investor relations material

Executive summary

• Net sales for Q1 FY2026 were ¥38,634 million, down 3.0% year-over-year, while operating income declined 4.7% to ¥3,206 million.

• Net income attributable to owners rose 38.7% to ¥2,774 million, with EPS up 44.4% to ¥26.00.

• Ordinary profit remained stable, increasing slightly by 0.2% year-over-year.

• Comprehensive income surged to ¥3,630 million, a 626.3% increase year-over-year.

Financial highlights

• Operating income margin was 8.3%, nearly flat from 8.4% a year ago.

• Extraordinary income included a ¥879 million gain on sale of non-current assets and ¥337 million in subsidy income.

• Total assets as of March 31, 2026, stood at ¥284,108 million, a decrease of ¥4,996 million.

• Net worth ratio improved by 0.6pp to 74.9%.

• Net assets as of March 31, 2026, were ¥213,975 million.

Segment performance

• Commodity Chemicals: Net sales fell 12.1% to ¥15,697 million; operating income dropped 27.7% to ¥1,650 million.

• Polymer & Oligomer: Net sales rose 3.9% to ¥9,153 million; operating income increased 39.0% to ¥878 million.

• Adhesive Material: Net sales grew 4.5% to ¥3,543 million, but operating income fell sharply to ¥25 million.

• Performance Chemicals: Net sales increased 14.8% to ¥2,762 million; operating income tripled to ¥437 million.

• Plastics: Net sales edged up 0.9% to ¥6,881 million; operating income rose 33.5% to ¥669 million.