Toagosei Co., Ltd.
2026-2028 Medium-Term Management Plan
Toagosei announced its 2026-2028 Medium-Term Management Plan targeting net sales of 180 billion yen, operating income of 18 billion yen, and EPS of 130 yen, planning capital expenditure of 59 billion yen while aiming for a PBR above 1.0.
Key Figures
- Net Sales: 180 billion yen (2028 plan, +17.7 billion yen compared to 2025)
- Operating Income: 18 billion yen (operating margin 10.0%, +3.9 billion yen compared to 2025)
- Capital Expenditure: 59 billion yen (2026-2028 plan, -11.6 billion yen compared to 2025)
AI要約
Basic Policy and Key Initiatives of the Medium-Term Management Plan
Toagosei positions the three years from 2026 to 2028 under the theme "Connect and Create 2028," continuing technology development and investment in focus areas including mobility, semiconductors, medical, and environmental infrastructure. The company aims to strengthen technology capabilities and expand business domains through collaboration with academia and ventures, as well as M&A. Enhancing profitability of existing businesses and business transformation through DX promotion are also key initiatives. Additionally, efforts will focus on improving capital efficiency through financial strategies and promoting sustainability and ESG.
Performance Targets and Capital Strategy
The targets for 2028 are net sales of 180 billion yen, operating income of 18 billion yen (operating margin 10.0%), and EPS of 130 yen, maintaining R&D expenses at over 4% of net sales. Capital expenditure is planned at 59 billion yen, focusing on the renewal of soda electrolysis plants, enhancement of high-performance polymer factories, and sustainability-related investments. Financially, the company aims to improve capital efficiency targeting a PBR above 1.0x, with a shareholder return policy of total return ratio around 90% and dividend payout ratio about 70%. Human capital strategies include fostering diverse talent and promoting workstyle reforms.
