Tokuyama Corp saw its total net sales edge up by one per cent to JPY253.3bn (US$1638.5m) in the 3QFY24-25 when compared with JPY250.2bn in the year-ago period.
Of this total, the company's cement business accounted for JPY69.6bn, down two per cent YoY while the chemicals business reported the largest share of sale, JPY85.9bn, unchanged from the year-ago period. The electronic and advanced materials division saw at 15 per cent increase in sales to JPY62.1bn.
The company's operating profit increased by 24 per cent YoY to JPY21bn in the 3QFY24-25 from JPY16.9bn in the 3QFY23-24 while the profit attributed to the owners of the parent company saw a 42 per cent advance to JPY16.9m in the 3QFY24-25 from JPY11.9bn in the equivalent period of the previous financial year.
Despite the decline in cement sales, the cement business reported a 21 per cent improvement in sales in the period as the company reported progress in production cost improvements. The chemicals business saw a 10 per cent YoY drop in operating profit to JPY7.9bn while there was a profit surge in the electronic and advanced materials business to JPY5.3bn from JPY0.5bn.
The company's net debt-to-earnings ratio improved to 0.16 as of 31 December 2024 from 0.23 on 31 March 2024.
For the full FY24-25, the company forecast net sales to increase by one per cent to JPY348bn, on the back of the drop in chemicals and cement sales volumes. Operating profit is expected to fall by six per cent YoY to JPY31bn while the profit attributable to owners of the parent companies is projected at around JPY25bn.
