Titan Kogyo, Ltd. (4098) Stock Price

Titanium Industry is a company primarily engaged in the manufacturing and sales of titanium dioxide and iron oxide. In addition, the company handles products related to these chemical industrial materials. Titanium dioxide is an important material used in paints, plastics, cosmetics, and other products.

TBM Corporation, a subsidiary of the company, manufactures and sells lithium titanate. Lithium titanate is frequently used as a material for lithium-ion batteries and is attracting attention in the energy sector. Titanium Industry also manages TBM's administrative operations.

TK Service Corporation, another subsidiary, handles in-plant logistics operations for Titanium Industry. This supports efficient product distribution and plays a role in ensuring smooth overall business operations.

Titanium Industry's business segments are divided into titanium dioxide-related operations, iron oxide-related operations, and other by-products. These segments align with the company's segment classifications in its consolidated financial statements.

Titanium Industries upholds "customer-first," "efficient management," and "social contribution" as its corporate principles. The company delivers premium-quality products to earn customer trust while pursuing cost reduction and operational efficiency. Through these efforts, it aims to be a valued contributor to society.

The company has formulated its 7th Medium-Term Management Plan (fiscal 2024–2026), with achieving profitability in fiscal 2024 as its top priority. It has realized profitability through revenue growth driven by price adjustments and increased sales, combined with rigorous cost reduction. Over the medium to long term, it targets sales of 15 billion yen and an ROE of 8% by 2036.

The medium-term plan's core strategies are: "expanding cosmetics product sales and improving profitability," "strengthening risk resilience," and "contributing to a sustainable society." The company aims to enhance corporate value through market share expansion in cosmetics, cost reduction, and risk resilience strengthening.

As its business strategy, Titanium Industries leverages its strengths in technology, sales networks, production capacity, and quality assurance to enhance competitiveness in global markets. It is advancing new product development, particularly utilizing expertise in titanium dioxide and iron oxide-related products.

Geographically, the company targets Japan, East Asia, North America, and Europe as primary markets, while identifying Southeast Asia, India, and South America as new growth regions. By application, it focuses on toner, cosmetics, batteries, and coatings as core markets, while targeting electronics materials and environmental/energy sectors as new opportunities.

The company pursues management with awareness of capital costs and stock price, aiming for ROE to exceed the cost of shareholder capital. The board of directors reviews progress monthly, evaluates performance from a capital efficiency perspective, and communicates findings to stakeholders.

To improve ROE, the company focuses on ROA, prioritizing profit recovery and balance sheet improvement. It will enhance profitability through revenue growth and cost reduction, while improving financial health through asset efficiency optimization and debt reduction.