Tokuyama operating profit rises 5% despite revenue dip

Tokuyama Corporation reported Q1 net sales of 81.8bn yen, down 1% year-on-year due to deteriorating overseas chemical product prices. Operating profit rose 5% to 7.8bn yen, driven by improved manufacturing costs, though inventory valuation losses limited growth.

The company maintained its full-year forecasts of 364.5bn yen in net sales and 41.5bn yen in operating profit, citing increased sales volumes in semiconductor-related and healthcare products.