Toyobo ups annual profit forecasts on strong film demand

Toyobo Co., Ltd. has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026, anticipating a significant increase in operating and ordinary profits, as well as profit attributable to owners of parent. The revised forecast now projects an operating profit of 23,000 million yen (up 38.1%), ordinary profit of 17,500 million yen (up 65.2%), and profit attributable to owners of parent of 6,500 million yen (up 224.5%). Net sales, however, are expected to slightly decrease to 425,000 million yen (up 0.7%) from the previous forecast of 440,000 million yen.

The upward revision is attributed to improved productivity in the packaging film business and strong demand for industrial films, specifically mold-releasing film for MLCCs and polarizer protective films for LCDs. Despite a downturn in cargo movement for packaging films, new facility enhancements boosted earnings. Life Science also saw profitability improve in pharmaceuticals due to product price revisions.

For the six months ended September 30, 2025, Toyobo reported consolidated net sales of 204.0 billion yen, a 2.5% decrease year-on-year. Operating profit, however, surged by 70.1% to 11.8 billion yen, with profit attributable to owners of parent reaching 5.7 billion yen, a substantial increase from 0.1 billion yen in the prior-year period. The company maintains a dividend forecast of 40.00 yen per share for the fiscal year.