The Tokyo-listed group saw its consolidated revenue slide to ¥756.08 billion, compared to ¥795.70 billion in the corresponding period last year. This contraction in the top line was mirrored by a decline in operating profit, which fell to ¥69.89 billion from ¥74.60 billion, according to the company’s latest financial disclosure.
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Tosoh Corp Net Profit Nearly Halves in Nine-Month Results
Japanese chemical manufacturer Tosoh Corp. reported a sharp decline in its nine-month net profit, which fell to ¥24.63 billion for the period ending December 31, down from ¥48.53 billion a year earlier. The results highlight a challenging environment for the industrial giant as both revenue and operating margins contracted compared to the previous fiscal cycle.
Pressure on Earnings and Profitability
Pretax profit for the period reached ¥76.98 billion, a decrease from the ¥82.55 billion reported in the previous year. The sharpest decline occurred in the company’s net income, which saw a nearly 50% year-on-year reduction. Consequently, basic earnings per share plummeted to ¥77.94, down significantly from the ¥152.37 recorded in the year-ago period.The results, prepared under Japanese accounting standards, highlight the following key figures for the nine-month window:
- Total group revenue of ¥756.08 billion.
- Operating profit of ¥69.89 billion.
- Diluted earnings per share of ¥77.93.
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