Japanese Shares Slip as Traders Turn Defensive Ahead of Key US Data
Company Research Report: TODA KOGYO CORP. (4100)
Toda Kogyo Corp Sees Sales Growth Amid Profit Dip
Emerging US company focuses on constructing large factories for sodium-ion batteries.
In the US rechargeable battery market, sodium-ion batteries are attracting attention as they have the potential to bring about a big change. Emerging company Natron Energy, which developed this battery, plans to build its first large-scale factory in North Carolina with an investment of $1.4 billion (about 210 billion yen). <4100> Toda Industries, <5214> Nippon Electric Glass, <3405> Kuraray, <4044> Central Glass.
Toda Kogyo - double-digit increase in revenue in the first quarter, the electronic materials business is performing well.
On the 7th, Toda Kogyo <4100> announced its consolidated financial results for the first quarter of the 2025 fiscal year (April-June 2024). Revenue increased by 18.2% year-on-year to 7.307 billion yen, operating loss was 0.031 billion yen (compared to a loss of 0.077 billion yen in the same period of the previous year), ordinary profit decreased by 75.2% to 0.176 billion yen, and net profit attributable to quarterly shareholders of the parent company decreased by 95.7% to 0.028 billion yen. The revenue of the functional pigment business decreased by 5.2% year-on-year to 2.089 billion yen, and the segment profit decreased by 18.9%.
Three points to watch in the morning session~ Pay attention to the movement of semiconductor stocks such as Toshiba Electronics~
In the morning session of the 9th, the following three points should be noted for trading: ■ Pay attention to the trends of semiconductor stocks such as Tohoku Electric ■ Recruit Holdings, 1Q operating profit increased by 5.1% to 127.8 billion yen ■ Focus material in the morning session: Toyota, research and development expenses, 15 consecutive years of increase, ranked first, Toyota, 1.3 trillion yen, according to headquarters survey ■ Pay attention to the trends of semiconductor stocks such as Tohoku Electric The Japanese stock market on the 9th is likely to be more deadlocked after a round of buying, but it is likely to be heading towards a stance of targeting dips. On the US market on the 8th, the Dow Jones Industrial Average fell 683 points.
List of stock materials from newspapers, such as Toyota, UACJ, etc.
*Toyota's research and development expenses <7203> have increased for 15 consecutive years, with Toyota ranked first at 1.3 trillion yen according to headquarters research (Nikkan Kogyo 1st page) - ○ *UACJ<5741>: Personnel reform in Thai subsidiary, promotion of local personnel to executive positions (Nikkan Kogyo 3rd page) - ○ *Yamaha Motor<7272>: Honda supplies electric type-1 mopeds for OEM, expanding product range for widespread use (Nikkan Kogyo 3rd page) - ○ *Toyota Tsusho<8015>: COO of African headquarters, Tatsuya Hirata, develops renewable energy in Africa (Nikkan Kogyo 4th page) - ○ *Shimadzu Corporation
Honda's operating profit in Q1 increased by 22.9%, reaching 484.7 billion yen.
Honda (7267) announced its first quarter results for the fiscal year ending in March 2025, with sales revenue of 5 trillion 404.858 billion yen, a year-on-year increase of 16.9%, and operating profit of 484.705 billion yen, a year-on-year increase of 22.9%. This exceeded the consensus (around 473 billion yen). The global number of passenger carried increased mainly in India and Brazil in the motorcycle business. The strong sales of hybrid models also continued in the four-wheel business. [Positive evaluation] 5858 STG, 79.
Toda Kogyo: 1st quarter financial results for the March 2025 period (consolidated) based on Japanese standards.
Toda Kogyo Corp 1Q Net Y28.00M Vs Net Y666.00M
Daiwa House, Mazda, NTT, Softbank Group (7th)
※The above calendar is tentative and subject to change due to company circumstances. --------------------------------------- August 7th (Wednesday) <1451> KHC <1719> Ando Hazama <1720> Tokyu Construction <1726> BRHD <1762> Takamatsu G <1833> Okumura Group <1835> Tokei Kogyo <1890> Toyo Construction <189
Toda Industries Research Memo (10): Transfer to the Tokyo Stock Exchange Standard Market.
Hodaka Industry <4100> announced on September 13, 2023, 'Progress (Change) based on the plan for compliance with the listing maintenance standards of the prime market and the application and compliance status for the standard market to ensure that shareholders can hold and trade the company's shares with more confidence and convenience, and determine that risks should not be taken, and select the transition from the prime market to the standard market.' The plan to increase corporate value by promoting medium-term management.
Toda Industries Research Memo (8): Formulation of medium-term management plan "Vision 2026" (2)
Toda Industries' mid-to-long-term growth strategy (3): Toda Advanced Materials in Canada, which handles precursor materials for cathode materials as a subsidiary of consolidated sales targets for LIB materials business, but its main business is a subsidiary of equity method accounting, BTBM. Therefore, although specific revenue and profit margin targets were not presented in this "Vision2026," they will expand their business to meet global demand expansion with business partner BASF. Currently, BTBM's
Hodoka Industry Research Memo (6): In March 2025, revenue increased by 22.0% compared to the previous period, and operating profit increased by 497.2%.
Outlook for Toyota Industries Corporation (4100) For the fiscal year ending March 2025, the consolidated revenue is expected to be JPY 32,000 million (+22.0% YoY), the operating profit to be JPY 700 million (+497.2% YoY), the ordinary profit to be JPY 1,100 million (-5.8% YoY) and the net income attributable to shareholders is expected to be JPY 600 million (compared to a loss of JPY 3,581 million in the previous year). The increase in revenue is largely due to the consolidation effect of TIC (approximately JPY 5.5 billion increase in revenue) and excluding this effect, it is expected to be a slight increase in revenue.
Toda Kogyo Research Memo (5): The financial situation has temporarily improved due to the stunk in revenue, and strengthening the financial structure remains a challenge.
Performance trend of Toda Industries <4100> 4. Financial condition Recorded 6 final losses in the past 10 periods until March 2022, and the self-capital ratio decreased from 46.5% at the end of March 2015 to 19.5% at the end of March 2021. However, the highest final profit ever was recorded in the March 2022 period, and the self-capital ratio improved to 24.2% at the end of the March 2022 period and 30.5% at the end of the March 2023 period. However, for the March 2024 period, there was a net loss for the period attributable to parent company shareholders of 3.
Toda Industries Research Memo (4): For the fiscal year ending in March 2024, the company's revenue decreased by 24.9% compared to the previous year, and operating profit decreased by 91.4%.
For the consolidated performance of Toda Kogyo <4100> in the fiscal year ended March 2024, revenue was 262.34 billion yen (down 24.9% from the previous year), operating profit was 1.17 billion yen (down 91.4% from the previous year), ordinary profit was 11.68 billion yen (down 65.1% from the previous year), and net loss attributable to shareholders of the parent company was 35.81 billion yen (compared with net profit of 32.68 billion yen in the previous year).
Hota Industries Research Memo (2): A long-established chemicals material manufacturer celebrating its 200th anniversary in November 2023 (1).
Company Overview 1. Overview Toda Kogyo <4100> was established in Okayama Prefecture in 1823 (the 6th year of the Bunsei era) by Toda Izo and his younger brothers as a diligent company manufacturing benbachi (a compound of oxygen and iron used for construction wood coatings, pre-dyeing for indigo dyeing, lacquerware, colored umbrellas, ceramics (glaze for Akae), etc.). The company is a long-established chemical material manufacturer that celebrated its 200th anniversary in 2023. The company deepens their particle synthesis technology cultivated by iron oxide to develop high-purity iron oxide for optical lens polishing agents, and audio.
Toda Kogyo: Interim report
Toda Kogyo: (Correction/ Numerical Data Correction) Regarding the partial correction of the '2024 March Year-End Financial Results Report [Japanese Standards] (Consolidated).'
Toda Kogyo: Confirmatory letter.
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