toho acetylene co.,ltd. (4093) Stock Price

Toho Acetylene is a company primarily engaged in the manufacturing and sales of high-pressure gases, operating across several business segments. Below is an overview of its business operations.

1. **Gas-Related Business**

Toho Acetylene manufactures and sells dissolved acetylene, oxygen, nitrogen, argon, hydrogen, and liquefied petroleum gas. These gases are used across diverse applications including welding, cutting, steel manufacturing, medical, and semiconductor production.

2. **Espuma-Related Business**

The company provides espuma technology using food-grade nitrous oxide, a culinary technique that transforms liquid ingredients into foam. This service is marketed to restaurants and food service establishments. The company also handles food-related equipment and materials.

3. **Equipment and Materials Business**

The company distributes welding materials, welding and cutting equipment, and general-purpose equipment. These products are used across various industries including structural steel construction, shipbuilding, and liquefied petroleum gas supply systems.

4. **Automotive Equipment Business**

The company supplies production line equipment for automotive parts manufacturers, supporting operational efficiency in the automotive industry.

5. **Ice-Making Equipment Business**

The company designs and installs ice-making and refrigeration machinery for fishing cooperatives and food manufacturers, supporting food preservation and distribution.

6. **Other Business**

The company also undertakes construction design and installation services, including building construction projects, providing services across a wide range of sectors.

Through these business operations, Toho Acetylene contributes to diverse industrial sectors.

Toho Acetylene aims to strengthen its business foundation and improve profitability through industrial gases and related technologies. The company prioritizes safe factory operations and sound financial health, while promoting diversity management and contributions to the SDGs. This reflects its basic policy of creating economic value and contributing to society.

The company has established a medium-term management plan with fiscal 2022 as the first year, targeting consolidated sales of 40 billion yen, operating profit of 2.5 billion yen, and net profit of 1.6 billion yen. It manages operations with capital costs in mind, aiming for ROE of 8% or higher, while improving the equity ratio and implementing progressive dividend policies. These measures strengthen shareholder returns and enhance corporate value.

In the industrial gas segment, the company seeks to develop applications for separated gases and establish stable supply systems. In the energy segment, it aims to expand sales channels for liquefied petroleum gas and energy-efficient equipment, targeting growth in consumer retail demand. In the medical segment, it is expanding distribution of medical gases and entering the home healthcare business.

In the espuma-related business, the company aims to launch new whipping machines and acquire new customers. In the equipment and instruments business, it is strengthening sales activities integrated with gas-related operations and promoting competitive product offerings. In the automotive equipment business, it monitors industry trends, while in the ice-making equipment business, it pursues new customer acquisition and development of environmentally conscious products.

The company has decided to invest in hydrogen business and increased production capacity for food-grade gases, though pricing and demand development remain challenges. It leverages M&A as a growth strategy, carefully evaluating projects that contribute to corporate value enhancement. The company is also strengthening investor relations and communications activities, promoting dialogue with management.

Amid ongoing uncertainty from sustained high raw material prices and rising logistics costs, Toho Acetylene is strengthening competitiveness in existing businesses and investing in growth areas. It is advancing human capital management and continuing business portfolio transformation, aiming to become a company valued by society.