【Tokuyama】2024 Q1 Financial Results｜Sales of 85.6 billion yen (YoY +4.7%)

Financial Overview

Tokuyama Corporation recorded net sales of 85.6 billion yen (YoY +4.7%), operating profit of 6.076 billion yen (down 22.9%), and net income attributable to shareholders of the parent of 5.241 billion yen (up 6.0%) in Q1 2024. The sales increase was driven by higher sales in Life Science and Electronic Advanced Materials segments, while increases in raw material costs and selling expenses led to a decline in operating profit. Segment-wise, Life Science and Electronic Advanced Materials contributed to profit growth, while Chemical Products and Environment segments experienced decreases in revenue and profit. Further outlook and detailed financial indicators are also disclosed.

Impact on Shareholders and Future Outlook

Based on the Q1 2024 results, Tokuyama has announced full-year forecasts for earnings and dividends, aiming for continued growth and improved profitability. The company is actively promoting funding and R&D activities and is working toward its medium-term management plan 2030. Information on shareholder returns and capital policy is also disclosed, providing important insights for investors.