Toppan Holdings Inc (TONPF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Kurobe, CFO of Toppan Holdings Inc. Thank you for taking time out of your busy schedule to join us at Fiscal 2024 Full Year Results Briefing. So let me present the overall Fiscal 2024 Full Year Results. First of all, In FY 2024, as you can see on page 3, the net sales were ¥1,717.9 billion, up 2.4% year-on-year. Operating profit was 84 billion yen, up 13.1% year-on-year. Looking at different segments, information and communication sales grew 3.3%, but profit growth was flat due to upfront investments for DX business for portfolio transformation. Living and industry sales increased by 2%. Profit grew by 21.5%. Eco-friendly SX packaging performed well, driving overall profits. Electronic sales and profit grew about 5%. Photo masks showed strong performance throughout the year. FCBGA profit grew from the second half, contributing to the higher performance. Profit attributable to owners or parent was ¥89.3 billion, up 20%. In addition to higher operating profit ¥183.8 billion, extraordinary income, including gain on sale of investment securities, was posted. Despite the extraordinary loss of ¥88.3 billion, including the impairment loss, net profit exceeded the plan. ROE was 6.6%, up 1.2 points year-on-year. About 100 billion yen treasury shares were purchased as announced and equity was reduced. Dividend will be 56 yen per share, up 8 yen year-on-year. Please turn to page 4. This shows the changes in operating profit. Forex impact was minus 0.2 billion yen. As holding company expenses decreased, infrastructure development costs pushed up the profit by 1.9 billion yen. Airhead cross was minus 1 billion yen. Japan Essex and overseas living was 6.8 billion yen. Semiconductors, 5.5 billion yen, both pushing up the profit. As for cyclical businesses, textbooks were negat...