Tosoh Results

Tosoh Corporation Announced its First-quarter Consolidated Results for 2026 Fiscal Year

PUdaily | Updated: August 8, 2025

August  05,  2025, Tokyo, Japan—Tosoh Corporation is pleased to announce its first-quarter consolidated results for its 2026 fiscal year, from April 1, 2025, to June 30, 2025. 

The Company’s net sales decreased ¥7.7 billion (3.1%) year-on-year to ¥245.1 billion (US$1.7 billion), during the first quarter the first three months of the Company’s 2026 fiscal year which extends from April 1, 2025, to March 31, 2026. This decrease was attributable to lower naphtha prices and the progressively stronger yen, as well as a decrease in shipment volume resulting from reduced production volume during scheduled maintenance at the Nanyo Complex.

The Company’s consolidated operating income decreased ¥3.7 billion (18.9%) year-on-year to ¥16.1 billion (US$111.2 million), due to unfavorable inventory fluctuations and increased fixed costs, despite sales growth in the Engineering Group and improved terms of trade backed by lower prices in raw materials and fuels, including naphtha and coal. Non-operating income decreased ¥9.5 billion year-on-year due to deterioration in foreign exchange gains and losses.

Ordinary income decreased ¥13.3 billion (48.5%) year-on-year to ¥14.1 billion (US$97.4 million).

Quarterly net income attributable to owners of parent decreased ¥9.7 billion (59.8%) year-on-year to ¥6.5 billion (US$45.2 million).

During the period under review, the United States saw steady growth where the labor market remained firm. In Europe, the economy recovered moderately as inflation eased, while in China, there were signs of improvement supported by policy measures. Due to the impact of the United States’ uncertain tariff policies, the ongoing real estate recession and deflation in China, both the Japanese and overseas economies faced an uncertain outlook and continued to experience challenging conditions.

Chlor-alkali

Chlor-alkali Group net sales decreased ¥9.7 billion (10.5%) year-on-year to ¥82.1 billion (US$567.7 million). Operating income decreased ¥3.2 billion year-on-year, resulting in an operating loss of ¥1.9 billion (US$13.0 million). This was due to unfavorable inventory fluctuations and a decrease in shipments, despite improved terms of trade for caustic soda and MDI backed by lower prices in raw materials and fuels.

Caustic soda shipments decreased due to lower production volume from scheduled maintenance at the Nanyo Complex, but export prices increased as overseas market conditions improved. Vinyl chloride monomer shipments also decreased due to lower production volume from scheduled maintenance at the Nanyo Complex. Polyvinyl chloride (PVC) resin shipments were unchanged year-on-year. Moreover, selling prices of PVC products for overseas markets declined due to weaker overseas market conditions.

Cement shipments decreased due to weak demand, despite an increase in domestic selling prices.

Methylene diphenyl diisocyanate (MDI) shipments decreased due to lower production volume during scheduled maintenance at the Nanyo Complex. Market conditions for hexamethylene diisocyanate (HDI) hardeners declined and shipments decreased, reflecting sluggish global demand.

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