Tosoh revises full-year forecasts downward, announces share buyback

Tosoh Corporation reported a decrease in net sales for the first half of fiscal year 2026, reaching ¥499.1 bn, a ¥28.5 bn decline year-on-year. Operating income also fell by ¥2.6 bn to ¥44.7 bn.

Consequently, the company has revised its full-year consolidated financial results forecast for fiscal year 2026, lowering net sales to ¥1,020.0 bn, operating income to ¥103.0 bn, and ordinary income to ¥103.0 bn. Income attributable to owners of parent is now projected at ¥38.0 bn, a significant decrease from the previous forecast of ¥62.0 bn. The revision is primarily attributed to sluggish demand, weaker overseas market conditions, and an impairment loss of ¥19.1 bn on fixed assets at Tosoh SMD, Inc.

The company's shareholder return policy for FY 2026–2028 includes an annual dividend of ¥100 per share (minimum) and increasing the total return ratio to 50% through share buybacks if the payout ratio is less than 50%. Tosoh has implemented a share buyback program, announcing the acquisition of 2,673,900 shares for a total of ¥5,936,042,650 between October 1, 2025, and October 31, 2025. This forms part of a larger resolution to acquire up to 17,000,000 shares, with a maximum cost of ¥25 bn, between August 6, 2025, and March 31, 2026. As of October 31, 2025, a total of 5,467,900 shares have been acquired for ¥12,432,166,500.