Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul>
<li>Q1–2 FY3/26 outperformed expectations at the bottom line, driven by lower raw material costs, robust performance in Industrial Films (including SRF and Mold releasing film for MLCC), and the return to positive OP in the Businesses requiring improvement, indicating steady progress in line with the plan.</li>
<li>Free cash flow turned positive, supported by stronger operating cash flow and capex returning to more normal levels after a period of heavy investment.</li>
<li>With the continued recovery in Businesses requiring improvement (namely Textiles, Pharmaceuticals, Airbag fabrics, Packaging film, Nonwoven materials) and solid demand for Industrial films, we anticipate that the current recovery momentum will be maintained throughout FY3/26.</li>
</ul>


Q1–2 FY3/26 outperformed expectations at the bottom line, driven by lower raw material costs, robust performance in Industrial Films (including SRF and Mold releasing film for MLCC), and the return to positive OP in the Businesses requiring improvement, indicating steady progress in line with the plan.
Free cash flow turned positive, supported by stronger operating cash flow and capex returning to more normal levels after a period of heavy investment.
With the continued recovery in Businesses requiring improvement (namely Textiles, Pharmaceuticals, Airbag fabrics, Packaging film, Nonwoven materials) and solid demand for Industrial films, we anticipate that the current recovery momentum will be maintained throughout FY3/26.


Toyobo (3101 JP) - Improving Visibility on the Recovery

Toyobo Co Ltd

Toyobo (3101 JP) - Improving Visibility on the Recovery