Reported Earnings • Jun 23
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥494 (up from JP¥286 in FY 2025). Revenue: JP¥1.15t (up 8.2% from FY 2025). Net income: JP¥62.0b (up 71% from FY 2025). Profit margin: 5.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Apr 29
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥494 (up from JP¥286 in FY 2025). Revenue: JP¥1.15t (up 8.2% from FY 2025). Net income: JP¥62.0b (up 71% from FY 2025). Profit margin: 5.4% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 25% per year. Announcement • Apr 29
Toyoda Gosei Co., Ltd., Annual General Meeting, Jun 24, 2026 Toyoda Gosei Co., Ltd., Annual General Meeting, Jun 24, 2026. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Apr 11
Toyoda Gosei Co., Ltd. to Report Fiscal Year 2027 Results on Apr 28, 2027 Toyoda Gosei Co., Ltd. announced that they will report fiscal year 2027 results on Apr 28, 2027 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). Price Target Changed • Mar 03
Price target increased by 9.3% to JP¥4,889 Up from JP¥4,474, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥4,749. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥388 for next year compared to JP¥286 last year. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥127 (up from JP¥111 in 3Q 2025). Revenue: JP¥295.0b (up 8.8% from 3Q 2025). Net income: JP¥16.2b (up 15% from 3Q 2025). Profit margin: 5.5% (up from 5.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,780, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Auto Components industry in Japan. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,912 per share. Price Target Changed • Dec 22
Price target increased by 7.8% to JP¥4,329 Up from JP¥4,014, the current price target is an average from 7 analysts. New target price is 5.2% above last closing price of JP¥4,113. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥354 for next year compared to JP¥286 last year. Declared Dividend • Nov 27
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 29th May 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 20
Toyoda Gosei Co., Ltd. (TSE:7282) announces an Equity Buyback for 10,000,000 shares, representing 7.86% for ¥50,000 million. Toyoda Gosei Co., Ltd. (TSE:7282) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 7.86% of its issued share capital, for ¥50,000 million. The purpose of the program is reinforcing shareholder returns and improving capital efficiency, with an aim of mitigating the impacts on the supply and demand for the Company’s shares in connection with implementing the secondary offering of shares of the Company. The program is valid till January 7, 2027. As of October 31, 2025, the company had 127,253,973 issued shares (excluding treasury stock) and 360,174 shares in treasury stock. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥112 (up from JP¥50.15 in 2Q 2025). Revenue: JP¥275.2b (up 9.4% from 2Q 2025). Net income: JP¥14.3b (up 124% from 2Q 2025). Profit margin: 5.2% (up from 2.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Toyoda Gosei Co., Ltd. (TSE:7282) completed the acquisition of 33.11% stake in Ashimori Industry Co., Ltd. (TSE:3526) for ¥8.3 billion. Toyoda Gosei Co., Ltd. (TSE:7282) proposed to acquire remaining 71.74% stake in Ashimori Industry Co., Ltd. (TSE:3526) for ¥17.9 billion on August 8, 2025. A cash consideration of ¥17.9 billion valued at ¥4140 per share and of ¥1.79 billion valued at ¥41390 per right per series will be paid by Toyoda Gosei Co., Ltd. As part of consideration, ¥17.9 billion is paid towards common equity and ¥1.79 billion is paid towards rights of Ashimori Industry Co., Ltd. Upon completion, Toyoda Gosei Co., Ltd. will own 100% stake in Ashimori Industry Co., Ltd. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of Ashimori Industry Co., Ltd. formed a special committee for the transaction. The deal has been recommended by the Board of Directors of Ashimori Industry Co., Ltd. The expected completion of the transaction is September 24, 2025. The offer shall commence from August 12,2025. As of September 24, 2025 the tender offer completion period has been extended to October 16, 2025 from September 24, 2025.
Houlihan Lokey, Inc. acted as financial advisor for Ashimori Industry Co., Ltd. Mori Hamada & Matsumoto LPC acted as legal advisor for Ashimori Industry Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Ashimori Industry Co., Ltd. City-Yuwa Partners acted as legal advisor for Ashimori Industry Co., Ltd. Mizuho Securities Co., Ltd. and Rakuten Securities, Inc. acted as tender offer agent and sub-agent respectively.
Toyoda Gosei Co., Ltd. (TSE:7282) completed the acquisition of 33.11% stake in Ashimori Industry Co., Ltd. (TSE:3526) for ¥8.3 billion on October 30, 2025. Announcement • Sep 23
Toyoda Gosei Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Toyoda Gosei Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.0%). Announcement • Aug 26
Toyoda Gosei Develops "MeteOCOAT" Painting Technology That Gives Offroad Vehicles a Powerful Appearance Toyoda Gosei Co., Ltd. has developed "METEOCOAT," which adds uneven texture to painted surfaces of plastic exterior parts as a decorative variation to meet the diverse scratches of automobile users. Racing vehicle to which METEOCOAT has been applied (Used on bumpers and fenders). METEOCOAT is characterized by a rugged texture in which scratches do not stand out. This makes it suitable for offroad vehicles, especially those driven a lot on unpaved roads. METEOCOAT's unique texture with surface intrusions has been achieved by adjusting the viscosity of paint. It also comes with different sizes of intrusions and color variations. The company aims to expand sales of METEOCOAT as an item for users who want to change the appearance of vehicles at the time of purchase. METEOCOAT technology was used on a car from Toyota Customizing & Development Asia thataced in the Asia Cross Country Rally (AXCR) 2025 held in Thailand in August. Price Target Changed • Aug 25
Price target increased by 8.5% to JP¥3,471 Up from JP¥3,200, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥3,577. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥321 for next year compared to JP¥286 last year. Reported Earnings • Aug 01
First quarter 2026 earnings released: EPS: JP¥106 (vs JP¥93.20 in 1Q 2025) First quarter 2026 results: EPS: JP¥106 (up from JP¥93.20 in 1Q 2025). Revenue: JP¥260.4b (down 1.5% from 1Q 2025). Net income: JP¥13.5b (up 14% from 1Q 2025). Profit margin: 5.2% (up from 4.5% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Toyoda Gosei Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Toyoda Gosei Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 26th November 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 21
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥286 (down from JP¥400 in FY 2024). Revenue: JP¥1.06t (down 1.1% from FY 2024). Net income: JP¥36.3b (down 29% from FY 2024). Profit margin: 3.4% (down from 4.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 11
Toyoda Gosei Co., Ltd. Accelerates Development of Motorcycle Airbag with Vehicle Crash Test Toyoda Gosei Co., Ltd. is leveraging its expertise in safety systems for automobiles to develop an airbag for motorcycles as a part of the company's efforts for safer mobility in society. Aiming for an early market launch, it has recently conducted a crash test in-house with real vehicles. The findings obtained in this test are being used to refine the company's motorcycle rider protection technology. Motorcycle crash test: Toyoda Gosei is planning and developing safety products for each form of mobility as it seeks to " provide safety to everyone on the move." Globally, about 360,000 riders of powered two-wheelers and three-wheelers lose their lives each year in traffic accidents. Protecting them is a crucial issue for the company. Thus, it is working to launch an airbag with high protection performance that can be fitted in the limited space of motorcycles. In the recent test, the company examined how the airbag deployed in a motorcycle frontal collision, and how it protected the rider. The situation of motorcycle riders differs from that of drivers and passengers in automobile cabins during collisions. Going forward, Toyoda Gosei will utilize real environment tests and simulation technology as it continues to develop airbags that can overcome the difficulties of protecting motorcycle riders. Announcement • May 22
Toyoda Gosei Launches Horizontal Recycling Technology for Plastic Automotive Parts Toyoda Gosei Co., Ltd. has developed a new technology to recycle high-quality plastic from end-of-life vehicles in order to meet the growing demand for recycled plastic in the automotive industry against strengthened environmental regulations. This technology will contribute to decarbonized, circular economy through its use in various vehicles models starting with the Toyota Camry. In the recycling of waste plastic, it has been difficult to obtain plastic with performance equivalent to that of new material due to impurities or other factors, and so waste plastic has generally been burned to recover heat (thermal recycling) or reused for purposes with lower required performance (downcycling). Toyoda Gosei has developed a recycled plastic with performance equivalent to thatof new material even with 50% ELV plastic (polypropylene). To achieve this, Toyoda Gosei has collaborated with Isono Co. Ltd. to procure quality raw materials for recycling and leveraged Toyoda Gosei's original material modification technology, meeting the quality standards for automotive parts for practical application. This technology accelerates horizontal recycling for reuse in the same parts and contributes to CO2 reduction. It is the first time in the world4 that recycled plastic containing 50% ELV plastic is used in interior parts such as glove boxes that require impact resistance. Toyoda Gosei is advancing recycling plastic and rubber with decarbonization as a key aim, based on its medium- and long-term 2030 Business Plan. Going forward, Toyoda Gosei aims to expand applicable products, such as those associated with vehicle design, and will move ahead with the improvement of recycled plastic. In the European Commission policy to strengthen environmental regulations (ELV directive), the use of recycled plastic is expected to be mandated in new vehicles sold from 2031 onward. Manufactured in Japan, used on the Camry launched in Europe and other parts of the world since 2024. Use of this recycled plastic leads to a CO2 reduction of up to about 40% when used in parts manufacture (depends on product size and other factors; calculated using IDEA developed by the National Institute of Advanced Industrial Science and Technology). Announcement • May 08
Toyoda Gosei Co., Ltd. Develops New Steering Wheel for Next-Generation Steering Systems Toyoda Gosei Co., Ltd. has developed a new steering wheel for steer-by-wire steering systems. With its advanced design, this steering wheel contributes to comfortable driving and is compatible with new systems that offer a next-generation steering feel. It will first be used on Toyota Motor Corporation's Lexus RZ battery electric vehicle. The newly developed steering wheel adopts a compact, stylish shape similar to that of an airplane yoke. It was made feasible since multiple rotations of the steering wheel, such as when making U-turns or parking, are not needed with steer-by-wire systems that control tire angle via electronic signals. In achieving this new design, Toyoda Gosei adopted the technology it has cultivated in ergonomics-based design for steering wheel structure and grip shape, and in production processes including wrapping the wheel with real or synthetic leather. A steering system that controls the angle of tires through electronic signals, with no direct mechanical link between the steering wheel and tires. U-turns and other maneuvers are possible even with a small steering wheel rotation angle, reducing the burden on the driver for easier and more pleasant operability. Used on the F Sport. Reported Earnings • Apr 26
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥286 (down from JP¥400 in FY 2024). Revenue: JP¥1.06t (down 1.1% from FY 2024). Net income: JP¥36.3b (down 29% from FY 2024). Profit margin: 3.4% (down from 4.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,307, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Auto Components industry in Japan. Total returns to shareholders of 42% over the past three years. Announcement • Mar 27
Toyoda Gosei Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2025 Toyoda Gosei Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 12
Toyoda Gosei Launches Ultra-Thin Register for Car Air Conditioning Toyoda Gosei has developed a thinner register for car air conditioning. This new, ultra-thin register will meet the increasing demand for thinner instrument panels that contributes to more spacious cabin and better forward visibility. The traditional register occupies space within the instrument panel because it has a significant thickness in height with its multiple fins to direct airflow. Toyoda Gosei has incorporated a unique airflow control mechanism into register, which allows for airflow adjustment without losing wind force, even with a narrower opening. This innovation has reduced the product's thickness by 40%. It is used on Toyota's bZ3X model released in China in March 2025. Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: JP¥111 (down from JP¥140 in 3Q 2024). Revenue: JP¥271.0b (down 3.7% from 3Q 2024). Net income: JP¥14.1b (down 22% from 3Q 2024). Profit margin: 5.2% (down from 6.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Toyoda Gosei Co., Ltd. in Joint Project for Sneakers Using Leather Rem Remnants Toyoda Gosei Co., Ltd. has teamed up with major sporting goods manufacturer ASICS Corporation to produce the SKYHAND™? OG sneakers using leather remnants generated in the steering wheel manufacturing process. These sneakers will be available for purchase from the ASICS online store starting February 1, 2025. The current project is Toyoda Gosei's second collaboration with ASICS, following the launch of sneakers that use airbag fabric in January 2023. The two companies are cooperating across industry boundaries under a shared philosophy for achieving a sustainable society. To use materials with as little waste as possible, original techniques are incorporated in this project, such as combining small remnant pieces into a patchwork. Steering wheel punching remnants generated at Toyoda Gosei's plant in Vietnam are used in this project, and ASICS is using these remnants in shoes also manufactured in Vietnam, reducing not only waste but also CO2 in the transport of the remnants. Announcement • Jan 08
Toyoda Gosei's Quality Gan Substrate Technology Enhances Power Device Performance Toyoda Gosei's technology to enhance GaN substrates has been verified to improve power device performance. An article confirming it was published in Physica Status Solidi (RRL) - Rapid Research Letters, an international scientific journal for solid state physics. Better power devices are indispensable for CO2 reduction in society, as they regulate electric power everywhere. Switching material from silicon to gallium nitride enables 90% energy-saving, superior devices, for which mass production of larger quality GaN substrates is requisite. The Japanese Ministry of the Environment is leading a project for broad application of GaN power devices, for which Toyoda Gosei is providing technology to obtain ideal GaN crystals. One outcome of the project is a demonstrated improvement in power device performance with a GaN substrate fabricated on a GaN seed crystal that Toyoda Gosei jointly developed with Osaka University. Compared to power devices made on commercially-available substrates, power devices using these GaN substrates show higher performance in both power regulation capacity and yield ratio. Toyoda Gosei will continue collaborating with government, universities, and other corporations for earlier dissemination of large quality GaN substrates. Announcement • Dec 03
Toyoda Gosei Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Toyoda Gosei Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 27
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 30th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 26
Toyoda Gosei Co., Ltd. Develops System for Efficient Calculation of Truck Loads Toyoda Gosei Co., Ltd. has developed a system that uses smartphone 3D sensing (LiDAR1) to easily calculate truck load capacity without place restrictions. When planning truck allocation and routing at present, load volumes are regularly checked for optimization based on production volumes at each of the plants of Toyoda Gosei’s automaker customers. Previously, a person in charge of each route confirmed cargo beds visually, but judgment criteria varied and the number of trucks that could be checked was limited. To deal with these issues, in 2023 Toyoda Gosei developed a 24-hour-a-day automatic load calculation system using AI and fixed cameras. This system was introduced at two distribution centers that account for 60% of the company’s product transport, raising loading efficiency. The newly developed load calculation system is easy to use anywhere since processing can be completed on a smartphone, and highly accurate calculations can be done with a LiDAR scanner. Using this mobile system, efforts to improve transport efficiency will be spread to direct delivery and other routes from Toyoda Gosei’s production locations dispersed throughout the country, which account for the remaining forty percent of product transport. Price Target Changed • Nov 12
Price target decreased by 7.5% to JP¥3,183 Down from JP¥3,440, the current price target is an average from 7 analysts. New target price is 22% above last closing price of JP¥2,609. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥304 for next year compared to JP¥400 last year. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥50.15 (vs JP¥90.00 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.15 (down from JP¥90.00 in 2Q 2024). Revenue: JP¥251.6b (down 4.5% from 2Q 2024). Net income: JP¥6.37b (down 45% from 2Q 2024). Profit margin: 2.5% (down from 4.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Announcement • Sep 13
Toyoda Gosei Co., Ltd. Develops System to Experience Vehicle Interior Sounds with Sealing Parts for Quieter Cabin Space Toyoda Gosei Co., Ltd. has developed a new system that enables automotive developers to experience changes in vehicle interior sounds with different combinations of the sealing parts (weatherstrips) installed on those vehicles. This contributes to the creation of more comfortable moving spaces through improved quietness in cabin. The electric vehicles and fuel cell vehicles that are coming into wider use are quieter than traditional vehicles since they are driven by motors and have no engine noise. This means that more wind noise and road noise reach the ear, and demands better sound insulation parts. To meet these needs, Toyoda Gosei has been developing high performance sealing parts. The company’s new system makes it possible, in the design concept stage before deciding the shape of parts for new models, to hear driving sounds with sealing parts under development installed. This will lead to proposals for the best combination of sealing parts for the creation of quieter cabin space. It also helps to minimize the design changes in parts that have traditionally occurred following performance assessments of prototype vehicles, which is promising for the reduction of development worker-hours. This system was achieved with the assessment technology using actual measurements of sound that Toyoda Gosei has cultivated up to this time. The company is planning to further raise the predictive accuracy of the new system by combining machine learning with artificial intelligence, to predict and reproduce how sound will be heard even before part prototypes are made. By proposing parts that raise quietness in the early stages of vehicle development, Toyoda Gosei aims to contribute to quieter and more comfortable mobility in society. Announcement • Sep 03
Toyoda Gosei Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Toyoda Gosei Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,305, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Auto Components industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥93.20 (vs JP¥89.71 in 1Q 2024) First quarter 2025 results: EPS: JP¥93.20 (up from JP¥89.71 in 1Q 2024). Revenue: JP¥264.3b (up 1.9% from 1Q 2024). Net income: JP¥11.8b (up 1.9% from 1Q 2024). Profit margin: 4.5% (in line with 1Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Shigeki Maeda was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥400 (up from JP¥124 in FY 2023). Revenue: JP¥1.07t (up 13% from FY 2023). Net income: JP¥51.5b (up 222% from FY 2023). Profit margin: 4.8% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Jun 08
Toyoda Gosei Co., Ltd. Starts Trial at Toyota Housing Development of Next-Generation Technology for Better Living Toyoda Gosei Co., Ltd. has started a trial of new technology at a large housing development by Toyota Housing Corporation. This technology is a new field for Toyoda Gosei that will contribute to better living. As a first step, the company is conducting an experiential display of microwave power technology, or next-generation wireless power. Based on its 2030 Business Plan, Toyoda Gosei is developing solutions for social issues with the aim of contributing to a future of better mobility and living. It is currently partnering with Toyota Housing in its efforts to create new value for better living in community. The trial microwave power supply products can power electronic devices wirelessly over distances of several meters and contribute to more comfortable living. This is the first display in Japan in an actual living environment, and people's experiences in common facilities within the housing development will serve for wider recognition of this new technology and allow users' voices to be incorporated in further product development. Toyoda Gosei is also planning trials of other new technologies in the same housing development. Based on these trials as a foothold, the company will collaborate with various device manufacturers. With a view toward use in infrastructure for future mobility and smart cities, Toyoda Gosei will continue developing technology and products to create new value for better living. Announcement • Jun 02
Toyoda Gosei Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Toyoda Gosei Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥400 (up from JP¥124 in FY 2023). Revenue: JP¥1.07t (up 13% from FY 2023). Net income: JP¥51.5b (up 222% from FY 2023). Profit margin: 4.8% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Announcement • Apr 29
Toyoda Gosei Co., Ltd., Annual General Meeting, Jun 14, 2024 Toyoda Gosei Co., Ltd., Annual General Meeting, Jun 14, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.6%). Major Estimate Revision • Mar 11
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥318 to JP¥353. Revenue forecast steady at JP¥1.07t. Net income forecast to grow 8.8% next year vs 8.9% growth forecast for Auto Components industry in Japan. Consensus price target up from JP¥3,597 to JP¥3,683. Share price fell 2.6% to JP¥2,992 over the past week. Announcement • Mar 02
Toyoda Gosei Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2024 Toyoda Gosei Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥140 (vs JP¥45.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥140 (up from JP¥45.14 in 3Q 2023). Revenue: JP¥281.4b (up 14% from 3Q 2023). Net income: JP¥18.0b (up 208% from 3Q 2023). Profit margin: 6.4% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥140 (vs JP¥45.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥140 (up from JP¥45.14 in 3Q 2023). Revenue: JP¥281.4b (up 14% from 3Q 2023). Net income: JP¥18.0b (up 208% from 3Q 2023). Profit margin: 6.4% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥90.00 (vs JP¥43.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥90.00 (up from JP¥43.39 in 2Q 2023). Revenue: JP¥263.5b (up 7.7% from 2Q 2023). Net income: JP¥11.7b (up 107% from 2Q 2023). Profit margin: 4.4% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 02
Toyoda Gosei Co., Ltd. (TSE:7282) announces an Equity Buyback for 3,500,000 shares, representing 2.7% for ¥10,000 million. Toyoda Gosei Co., Ltd. (TSE:7282) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 2.7% of its issued share capital, for ¥10,000 million. The purpose of the program is implementing self-financing measures to enhance shareholder returns and improve capital efficiency based on the financial policy of our 2030 business plan. The program is valid till November 30, 2023. As of September 30, 2023, the company had 129,526,298 issued shares (excluding treasury stock) and 560,349 shares in treasury stock. Announcement • Oct 31
Toyoda Gosei Co., Ltd. Appoints Makoto Hasegawa as Chief Strategic Marketing Officer Toyoda Gosei Co., Ltd. appointed Makoto Hasegawa as Chief Strategic Marketing Officer (CSMO) at its Board of Directors Meeting on October 31 to drive strategic marketing activities for achieving Toyoda Gosei's 2030 Business Plan. Role: Survey and analyze market, competition and customer, and formulate and preside sales strategy. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Price Target Changed • Sep 19
Price target increased by 11% to JP¥3,397 Up from JP¥3,054, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,475. Stock is up 45% over the past year. The company is forecast to post earnings per share of JP¥275 for next year compared to JP¥124 last year. Announcement • Aug 30
Toyoda Gosei Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Toyoda Gosei Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥89.71 (vs JP¥20.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥89.71 (up from JP¥20.21 in 1Q 2023). Revenue: JP¥259.3b (up 24% from 1Q 2023). Net income: JP¥11.6b (up 344% from 1Q 2023). Profit margin: 4.5% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Price Target Changed • Jul 07
Price target increased by 10% to JP¥2,971 Up from JP¥2,693, the current price target is an average from 7 analysts. New target price is 7.8% above last closing price of JP¥2,756. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥263 for next year compared to JP¥124 last year. Reported Earnings • Jun 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥124 (down from JP¥180 in FY 2022). Revenue: JP¥951.9b (up 15% from FY 2022). Net income: JP¥16.0b (down 32% from FY 2022). Profit margin: 1.7% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 