Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

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Japan Experts, Extraordinary Performance

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