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 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/4045-20260212-03.pdf","jir_short_summary":"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.","jir_summary":"### Basic Policy and Key Initiatives of the Medium-Term Management Plan\nToagosei 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.\n\n### Performance Targets and Capital Strategy\nThe 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.","jir_financial_highlights":"Net Sales: 180 billion yen (+17.7 billion yen compared to 2025)\nOperating Income: 18 billion yen (+3.9 billion yen (+1.3 points) compared to 2025)\nEPS (Earnings Per Share): 130 yen\/share (+13 yen\/share compared to 2025)\nCapital Expenditure (2026-2028 plan): 59 billion yen (-11.6 billion yen compared to 2025)\nGHG Emissions Reduction Rate (compared to 2013): -40% (Improved by 12 points compared to 2025)\nRatio of Female Managers: 8.0% (+2.9 points compared to 2025)\nROE: 6.5% (+0.5 points compared to 2025)\nPBR: Above 1.0x (Target value)","jir_category":"","jir_hashtags":"#ToagoseiCoLtd, #MediumTermManagementPlan, #JapaneseStocks","jir_key_figures":"Net Sales: 180 billion yen (2028 plan, +17.7 billion yen compared to 2025)\nOperating Income: 18 billion yen (operating margin 10.0%, +3.9 billion yen compared to 2025)\nCapital Expenditure: 59 billion yen (2026-2028 plan, -11.6 billion yen compared to 2025)","jir_meta_title":"Toagosei 2026-2028 Medium-Term Management Plan Targets Net Sales of 180 Billion Yen and Operating Income of 18 Billion Yen","jir_meta_description":"Toagosei Co., Ltd. announced its 2026-2028 Medium-Term Management Plan aiming for net sales of 180 billion yen, operating income of 18 billion yen, and EPS of 130 yen, with planned capital expenditure of 59 billion yen. The plan emphasizes improving capital efficiency and promoting ESG initiatives.","jir_og_title":"Toagosei Announces 2026-2028 Medium-Term Management Plan Targeting Net Sales of 180 Billion Yen","jir_og_description":"Toagosei sets targets of 180 billion yen net sales and 18 billion yen operating income in its 2026-2028 Medium-Term Management Plan, emphasizing active investment and ESG promotion.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9060,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-27638","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n