Tosoh Report 2019

Five-year Summary

Fiscal Years (ended March 31)
2015 2016 2017 2018 2019
Results of Operations (millions of yen)
  Net sales 809,684 753,736 743,028 822,858 861,456
  Operating income 51,397 69,445 111,217 130,581 105,740
     Operating income ratio (%) 6.3 9.2 15.0 15.9  12.3
  Net income attributable to owners of the parent company 62,297 39,675 75,664 88,795  78,134
  R&D expenses 12,877 13,743 14,370 15,502  16,644
  Capital expenditures 33,149 27,924 37,756 39,494 64,830
  Depreciation and amortization 32,789 31,788 29,976 29,756  31,309
Cash Flows (millions of yen)      
  Cash flows from operating activities 54,107 99,884 115,716 115,430  77,511
  Cash flows from investing activities -34,115 -27,917 -34,724 -43,129  -63,311
  Cash flows from financing activities -20,719 -50,827 -68,829 -51,745  -26,962
  Cash and cash equivalents at end of year 55,740 74,869 85,460 106,179 92,095
Financial Position (millions of yen)      
  Total assets 760,227 733,139 778,746 845,748 878,194
  Total equity 320,784 373,724 448,336 528,067 579,502
  Interest-bearing debt 271,500 199,572 139,844 107,840  101,072
Per Share Data (yen)      
  Net income per share 207.94 125.22 233.12 273.49  240.62
  Total equity per share 964.50 1048.46 1272.85 1,511.69 1,665.47
  Dividends per share* 10.00 14.00 24.00 44.00 56.00
Key Ratios      
  Return on equity (%) 24.5 12.6 20.1 19.6 15.1
  Return on assets (%) 8.2 5.4 9.7 10.9 9.1
  Total assets turnover (times) 1.07 1.03 0.95 0.97 0.98
  Equity ratio (%) 38.0 46.4 53.1 58.0    61.6
  Dividend payout ratio (%) 9.6 22.4 20.6 20.5 23.3
  Debt-to-equity ratio (%) 152.1 105.7 80.0 64.7 55.2
  Number of employees (consolidated) 11,594 12,037 12,292 12,595 12,955
Stock Indicators      
  Stock price (closing), end of year (yen) 606 473 978 2,088 1,721
  Market capitalization (millions of yen) 364,304 307,527 635,858 678,769 559,464
  Price earnings ratio (times) 5.8 7.6 8.4 7.6  7.2
  Price book-value ratio (times) 1.3 0.9 1.5 1.4 1.0
Note: "Partial Amendments to" Accounting Standard for Tax Effect Accounting "(ASBJ Statement No. 28, February 16, 2018) was applied from the beginning of the fiscal year ended on March 31, 2019. These partial amendments have been retroactively applied to the previous fiscal years.
  

*Share Consolidation

Effective from October 1, 2017, Tosoh Corporation consolidated its common shares at the ratio of one share for two shares. Net income per share is calculated based on the assumption that the consolidation was implemented at the beginning of the fiscal year ended March 31, 2014.

Net income per share is computed based upon the weighted average number of shares of common stock outstanding during the period.

Diluted net income per share reflects the potential dilution that could occur if stock options were fully exercised.

Cash dividends per share presented in the accompanying consolidated statement of income are dividends applicable to the respective years, including dividends to be paid after the end of the year. 


Download Tosoh's fiscal 2019 audited financial statements » (PDF)

Download Tosoh's fiscal 2019 consolidated results release » (PDF) 

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