Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Equity Bottom-Up

<ul><li>Toyo Corporation announced a share buyback of up to 1.2 million shares or ¥1.5 billion for FY9/24, which equals about 5% of the current shares outstanding in addition to an upward revision of DPS to ¥67 from ¥62.</li><li>This reflects Toyo’s commitment to improving total shareholder returns and ROE. OP margin declined significantly (-6.4% Q3 FY9/23, -6.5% Q3 FY9/24) but it was due to cyclicality.</li><li>Physics / Energies continued to see strong growth (+35.0% YoY) on the back of robust demand for carbon neutrality. </li></ul>

Toyo Corporation announced a share buyback of up to 1.2 million shares or ¥1.5 billion for FY9/24, which equals about 5% of the current shares outstanding in addition to an upward revision of DPS to ¥67 from ¥62.This reflects Toyo’s commitment to improving total shareholder returns and ROE. OP margin declined significantly (-6.4% Q3 FY9/23, -6.5% Q3 FY9/24) but it was due to cyclicality.Physics / Energies continued to see strong growth (+35.0% YoY) on the back of robust demand for carbon neutrality. 

Toyo Corporation (8151 JP) - Q3 FY9/24 Results Update

<ul><li>Toyo Corporation is a trading company specializing in measurement technologies.</li><li>With several initiatives and strong structural demand in the electric vehicles space in particular, we expect the company to achieve higher revenue and profitability.</li><li>Higher recurring revenue and proprietary product ratios will support a margin improvement in the future. </li></ul>

Toyo Corporation is a trading company specializing in measurement technologies.With several initiatives and strong structural demand in the electric vehicles space in particular, we expect the company to achieve higher revenue and profitability.Higher recurring revenue and proprietary product ratios will support a margin improvement in the future. 

Toyo Corporation (8151 JP) - Initiating Coverage

Japan

TOYO Corporation mainly imports and distributes measuring instruments used in various research and development fields.  The Company also deals with other IT-related electronic equipment.  The Company's products include scanning probe microscopes, sensors, analyzers, network device testers, computer-aided software engineering (CASE) software, semiconductor test equipment, and controller.

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Toyo Corp (8151 JP)

Toyo Corporation (8151 JP) - Q3 FY9/24 Results Update

Toyo Corporation announced a share buyback of up to 1.2 million shares or ¥1.5 billion for FY9/24, which equals about 5% of the current shares

Astris Advisory Japan

Toyo Corporation (8151 JP) - Initiating Coverage

With several initiatives and strong structural demand in the electric vehicles space in particular, we expect the company to achieve higher revenue...

Astris Advisory Japan

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