Toyobo Co (JP:3101) has released an update.
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Toyobo Co. has reported an 8.4% increase in net sales and a significant turnaround in profitability with net profits of ¥784 million for the first quarter of 2024, compared to a net loss in the same period the previous year. The company’s financial position remains solid, with total assets increasing to ¥611.54 billion and net assets per share at ¥2,226.07 as of June 30, 2024. Toyobo maintains a steady dividend payout with no forecast revision, promising ¥40 per share for the fiscal year ending March 2025.
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