Tokuyama Corporation logo

Tokuyama Corporation

4043.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥4,027

−¥12.00 · -0.30%

Aug 24, 2:39 PM JST

4043.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tokuyama Corporation produces and sells various chemical products in Japan. It operates through Chemicals, Cement, Advanced Electronic Materials, Life Science, Environmental Business, and Others segments. The Chemicals segment offers caustic soda, soda ash, calcium chloride, sodium silicate cullet, sodium bicarbonate, purifeed, vinyl chloride monomer, polyvinyl chloride resin, propylene oxide, methylene chloride, polyrotaxanes, and chloroform. Its Cement segment provides cement, ready-mixed concrete as well as engages in the recycling and environment business. The Advanced Electronic Materials segment provides polycrystalline silicon; fumed silica and tetrachlorosilane; aluminum nitride; high-purity chemicals for electronics manufacturing and photoresist developer; and isopropyl alcohol. Its Life Science segment provides medical diagnosis systems, dental materials and photochromic materials, advanced pharmaceutical ingredients and intermediates, health foods, plastic lens-related materials for glasses, and microporous film. The Environment Business segment offers plastic window sashes, ion exchange membranes, as well as engages in waste gypsum board recycling activity. The company was formerly known as Tokuyama Soda Co., Ltd. and changed its name to Tokuyama Corporation in April 1994. Tokuyama Corporation was incorporated in 1918 and is headquartered in Tokyo, Japan.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Hiroshi Yokota
Listed since
Jan 1, 2001
Employees
6,390

Market position

Day range

Current ¥4,027

52-week range

Current ¥4,027

Open
¥4,034
Previous close
¥4,039
Volume
216.8K
0.25× average
Average volume
852.05K
Average daily volume
Market cap
289.72B JPY
Beta
0.94
Market reference 1
50-day average
¥4,547.76
-11.45% below average
200-day average
¥4,251.69
-5.28% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
383.76B JPY
P/E (TTM)
12.88×
P/B (TTM)
1.01×
P/S (TTM)
0.82×
EV / EBITDA
6.52×
Earnings yield
8.26%
Free cash flow yield
8.13%
Dividend yield
2.98%

Profitability & efficiency

Gross margin
35.93%
Operating margin
9.97%
Net margin
6.37%
Return on equity
7.84%
Return on assets
3.98%
Return on invested capital
4.82%

Financial health

Debt / equity
0.57×
Current ratio
1.75×
Altman Z-score
2.19
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%26%13%-1%Gross margin, FY2022: 32.73%Gross margin, FY2023: 26.18%Gross margin, FY2024: 29.49%Gross margin, FY2025: 31.94%Gross margin, FY2026: 35.75%Operating margin, FY2022: 8.16%Operating margin, FY2023: 4.08%Operating margin, FY2024: 7.50%Operating margin, FY2025: 8.74%Operating margin, FY2026: 10.59%Net margin, FY2022: 9.53%Net margin, FY2023: 2.66%Net margin, FY2024: 5.19%Net margin, FY2025: 6.82%Net margin, FY2026: 6.35%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 32.73%. Gross margin FY2023 26.18%. Gross margin FY2024 29.49%. Gross margin FY2025 31.94%. Gross margin FY2026 35.75%. Operating margin FY2022 8.16%. Operating margin FY2023 4.08%. Operating margin FY2024 7.50%. Operating margin FY2025 8.74%. Operating margin FY2026 10.59%. Net margin FY2022 9.53%. Net margin FY2023 2.66%. Net margin FY2024 5.19%. Net margin FY2025 6.82%. Net margin FY2026 6.35%.

Income trends

Revenue

349.48B JPY+1.87%

Operating income

37.02B JPY+23.52%

Net income

22.21B JPY-5.05%
Income trends across reported periods386.03B JPY249.06B JPY112.09B JPY−24.88B JPYRevenue, FY2022: 293.83B JPYRevenue, FY2023: 351.79B JPYRevenue, FY2024: 341.99B JPYRevenue, FY2025: 343.07B JPYRevenue, FY2026: 349.48B JPYOperating income, FY2022: 23.98B JPYOperating income, FY2023: 14.34B JPYOperating income, FY2024: 25.64B JPYOperating income, FY2025: 29.97B JPYOperating income, FY2026: 37.02B JPYNet income, FY2022: 28B JPYNet income, FY2023: 9.36B JPYNet income, FY2024: 17.75B JPYNet income, FY2025: 23.39B JPYNet income, FY2026: 22.21B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 293.83B JPY. Revenue FY2023 351.79B JPY. Revenue FY2024 341.99B JPY. Revenue FY2025 343.07B JPY. Revenue FY2026 349.48B JPY. Operating income FY2022 23.98B JPY. Operating income FY2023 14.34B JPY. Operating income FY2024 25.64B JPY. Operating income FY2025 29.97B JPY. Operating income FY2026 37.02B JPY. Net income FY2022 28B JPY. Net income FY2023 9.36B JPY. Net income FY2024 17.75B JPY. Net income FY2025 23.39B JPY. Net income FY2026 22.21B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue349.48B JPY343.07B JPY341.99B JPY351.79B JPY293.83B JPY
Cost of goods sold224.53B JPY233.49B JPY241.14B JPY259.7B JPY197.65B JPY
Gross profit124.95B JPY109.58B JPY100.85B JPY92.09B JPY96.18B JPY
Research and development16.07B JPY14.45B JPY13.63B JPY12.64B JPY
Selling, general, and administrative87.93B JPY63.55B JPY60.69B JPY64.09B JPY59.49B JPY
Operating expenses87.93B JPY79.61B JPY75.22B JPY77.76B JPY72.2B JPY
Interest income360M JPY261M JPY234M JPY184M JPY139M JPY
Interest expense1.42B JPY912M JPY1.33B JPY1.59B JPY1.38B JPY
Depreciation and amortization20.95B JPY19.76B JPY17.77B JPY21.06B JPY20.29B JPY
Operating income37.02B JPY29.97B JPY25.64B JPY14.34B JPY23.98B JPY
Net income22.21B JPY23.39B JPY17.75B JPY9.36B JPY28B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
+23.89%
2 comparable reports
Latest EPS result
72.34

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates104.8983.9362.9842.02Q4 '24MissQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Oct 29, 2024: actual 58.92, estimate 65.3, surprise -9.77%, Miss. Q1 2025, reported Jan 31, 2025: actual 73.34, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 89.93, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 29, 2025: actual 68.26, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 27, 2025: actual 100.55, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 93.47, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 28, 2026: actual 46.36, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 29, 2026: actual 72.34, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates104B95.28B86.55B77.83BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 87.85B JPY, estimate 90.06B JPY, surprise -2.46%, Miss. Q2 2025, reported Apr 28, 2025: actual 89.69B JPY, estimate 94.74B JPY, surprise -5.33%, Miss. Q3 2025, reported Jul 29, 2025: actual 81.83B JPY, estimate 88.15B JPY, surprise -7.17%, Miss. Q4 2025, reported Oct 27, 2025: actual 81.93B JPY, estimate 93.85B JPY, surprise -12.70%, Miss. Q1 2026, reported Jan 30, 2026: actual 87.77B JPY, estimate 93.82B JPY, surprise -6.45%, Miss. Q2 2026, reported Apr 28, 2026: actual 97.95B JPY, estimate 100B JPY, surprise -2.05%, Miss. Q3 2026, reported Jul 29, 2026: actual 85.65B JPY, estimate 94.5B JPY, surprise -9.36%, Miss. Q4 2026, reported Oct 23, 2026: actual —, estimate 94.45B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥110

2025 complete year+57.1% since 2021

2026 partial: ¥60.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥72.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥60.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥60.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥50.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 25, 2025

Dividend

Ex-dividend Sep 27, 2024

¥50.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

Dividend

Ex-dividend Mar 28, 2024

¥45.00

Semi-Annual

Record Mar 31, 2024 · Payment Jun 26, 2024

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