TOHO KINZOKU CO., LTD (E01401) Stock Price

Toho Metals is a company with two main business segments: the Electrical & Electronics segment and the Cemented Carbide segment. In the Electrical & Electronics segment, the company manufactures and sells tungsten, molybdenum, and other alloys. Some raw materials for this segment are purchased from its affiliated company, Taiyō Mining & Construction Co., Ltd. Through this arrangement, Toho Metals supplies materials that are essential to electronic components and electrical equipment.

In the Cemented Carbide segment, the company manufactures and sells various bits and cemented carbide tips used in rock drilling and similar applications. These products are in high demand in the construction and mining industries and are recognized as high-quality offerings that reflect Toho Metals' technical expertise.

Through these segments, Toho Metals provides products and services with broad impact across industrial sectors. The company's products are used in a wide range of fields, from electrical and electronic equipment essential to daily life to the construction and mining industries that support social infrastructure.

Toho Kinzoku operates primarily in the electrical and electronics segment and the cemented carbide segment, leveraging its proprietary technological capabilities. As the only domestic manufacturer conducting integrated production of tungsten and molybdenum products, the company is working to establish a stable foundation in niche markets and secure appropriate profitability. Under its medium-term management plan, the company aims to consistently achieve ROE of 8% or higher through multiple priority initiatives, including strengthening organizational structure, pursuing high quality and stable supply, enhancing manufacturing and sales capabilities, and ensuring accountability to stakeholders.

As new growth drivers, the company is focusing on developing precious metal electrodes and expanding sales of medical and semiconductor materials. In core operations, it is working to increase production capacity for heat dissipation substrate materials, temperature measurement materials, and cemented carbide materials, while advancing alloy material business in response to market needs. Additionally, under a "selection and concentration" policy for existing operations, the company is streamlining its business portfolio and investing in development based on research themes such as magnesium alloy-related and nuclear fusion-related projects in new business areas.

As management targets, the company has set a vision to achieve sales of 150% or more compared to the March 2021 fiscal year, an operating profit margin of 5% or higher, and a shareholders' equity ratio of 50% or higher by the March 2027 fiscal year. Through these strategies, Toho Kinzoku is pursuing continuous and stable growth, and its technological capabilities and innovation are expected to have broad impact across the industry.