Toyo Gosei grew sales, but profit and dividend both slipped
Toyo Gosei reported sales of ¥41.96bn for the year to March 2026, up from ¥38.67bn, but ordinary income slipped to ¥3.59bn from ¥4.00bn and net income fell to ¥2.69bn from ¥3.28bn. The annual dividend was cut to ¥40 from ¥45, even as the equity-to-asset ratio improved to 41.0% from 37.7%, leaving a familiar mixed message: sturdier balance sheet, thinner earnings.