TOYO Corporation
Measures Toward Realizing Management Conscious of Capital Costs and Share Price (Update)
Updated current analysis and capital cost measures based on TY2027. ROE is 8.6% (FY9/26), shareholders' cost of equity estimated at 6.5–7.9%, PBR is 1.39x. TY2027 sales target is 45 billion yen + alpha, ROE 11%, ultimate target is BT600–2030. Explains dividend policy, share buybacks and cancellations, and strengthened sustainability measures.
Key Figures
- ROE: 8.6% (FY9/26)
- Shareholders' cost of equity: 6.5–7.9% (estimate as of end-FY9/26)
- PBR: 1.39x (end-FY9/26, improved from 1.23x)
AI要約
Key Points of Financial and Capital Strategy
The current analysis presents measures to restrain factors that raise the cost of shareholders' equity while ROE is improving. Through the TY2027 medium-term plan, the policy is to balance growth investment with the optimization of capital efficiency. The growth strategy includes M&A, new businesses, and overseas expansion, emphasizing effective use of external funds, proactive growth investments, and enhanced shareholder returns.
Execution of Shareholder Returns and Capital Policy
Will execute share buybacks and cancellations flexibly. Introduces DOE to establish a stable dividend policy and presents a long-term policy of increasing dividends. During TY2027, in addition to expanded shareholder benefits and cash dividends, will use treasury shares to address dilution and improve capital efficiency.
ROE Trend
Shareholders' Cost of Equity Trend
PBR Trend
TY2027 Sales Target
Operating Profit Trend
Relationship Between ROE and PER
TOYO Corporation
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