Toho Acetylene Co.,Ltd. [4093.T]
TOKYO, Jun 25 (Pulse News Wire) – Toho Acetylene CO.,LTD. (4093.T) updated its business strategy aimed at achieving sustainable growth and enhancing long-term corporate value, despite facing challenges such as rising raw material costs and increased maintenance expenses.
The company's ROE for the fiscal year ending March 2026 was recognized as exceeding the perceived cost of shareholder capital but fell short of the target of 7%. Revenue reached ¥34.576 billion, while operating profit stood at ¥1.9 billion and net income attributable to shareholders was ¥1.286 billion. In response to these pressures, Toho Acetylene unveiled a new medium-term management plan on June 9, targeting an operating profit of ¥2.400 billion and net income of ¥1.600 billion by March 2028.
Despite expecting ROE improvements to plateau at around 7%, the company plans to enhance profitability and asset efficiency through strategic investments in hydrogen manufacturing facilities, food gas filling plants, and ice machine-related operations. Additionally, efforts will focus on expanding existing businesses and exploring new ventures to sustain growth. Regarding shareholder returns, the company intends to maintain a dividend payout ratio of 40% during the plan period, balancing future expansion needs with internal reserves.
Enhanced public relations activities, including investor meetings and media engagement, aim to boost market recognition and strengthen relationships with supportive investors.
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