Tosoh Corporation Declares Cash Dividend for the Year Ended March 31, 2024, Payable on May 31, 2024; Provides Dividend Guidance for the Second Quarter Ending September 30, 2024
May 13, 2024 at 07:00 am
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Tosoh Corporation announced that its Board of Directors has resolved at a meeting held on May 13, 2024, that surplus dividends will be issued to shareholders with the record date of March 31, 2024. The year-end dividend forecast for the fiscal year ended March 31, 2024, was set at ¥40.00 per share. The dividend was raised to ¥45.00, however, to achieve shareholder returns with an awareness of the need to improve capital
efficiency. Scheduled date of commencing dividend payments on May 31, 2024.
The company provided dividend guidance for the second quarter ending September 30, 2024. For the period, the company expects to pay a dividend of ¥42.50 against ¥40 a year ago.
Tosoh Corporation is one of the Japanese largest chemical groups. Net sales break down by activity as follows:
- manufacturing of chemical products (37.5%): caustic soda, , vinyl chloride monomer, polyvinyl chloride, etc.;
- production of specialty materials (24.6%): fine chemistry products, diagnosis products, electronic materials, etc.;
- manufacturing of petrochemical products (17.9%): olefins, polymers, etc.;
- services (14.5%): transportation, warehousing, support services, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (54.5%), China (14%), Asia (19.7%) and other (11.8%).
Tosoh Corporation Declares Cash Dividend for the Year Ended March 31, 2024, Payable on May 31, 2024; Provides Dividend Guidance for the Second Quarter Ending September 30, 2024
TOSOH CORPORATION 
