We will strive to improve
our corporate value by driving business
development in which our management
strategies are fully integrated with
Corporate Social Responsibility.
For over 100 years since its founding in 1917, the Toyo Seikan Group has developed, and introduced to the market, packaging containers that bring out the characteristics of their component materials, such as metal, plastic, paper, and glass, in line with constantly changing lifestyles and society.
Under our management philosophy, established in April 2016, we continue to pursue growth and evolution for the next 100 years, taking advantage of our material development and processing technologies to help create a more fulfilling life for everyone and offer more environment-friendly systems to the world.
Business Results for Fiscal 2022 (March 2023)
The Group’s net sales for fiscal 2022 increased by 10.3% from the previous year to 906,025 million yen. The key contributors to our sales growth include beverage cans and PET bottles (whose sales expanded mainly due to the extreme heat in the summer), steel plates for automotive rechargeable batteries, and can and can-end making machinery whose growth was driven by the ongoing strong global demand for beverage cans as concerns about marine plastic pollution have encouraged the shift from plastic packaging to alternatives. Our efforts to pass on higher raw material costs to customers were also positive factors. However, our operating income was adversely affected by the sharp rise in raw material and energy prices, dropping by 78.3% from the previous year to 7,396 million yen despite our cost pass-through and cost-reduction efforts. Our ordinary income fell by 69.9% from the previous year to 13,770 million yen, with equity in earnings of affiliates decreasing. As a result, the profit attributable to owners of parent declined by 76.7% year-on-year to 10,363 million yen.
Aiming to maximize corporate value, we will implement all measures of the Mid-Term Management Plan 2025, a five-year plan starting in 2021, and the Capital Efficiency Initiative 2027, which we announced on May 12, 2023.
Rewards to Shareholders
Based on the profit distribution policy of the Mid-Term Management Plan 2025, the year-end dividend for fiscal 2022 is 45 yen per share, and the total annual dividend, including the interim dividend paid, for the year is 89 yen per share, a 1-yen increase from the previous year. For the following fiscal 2023, we currently expect to pay an annual dividend of 90 yen per share.
Capital Efficiency Initiative 2027
We have recently launched the Capital Efficiency Initiative 2027 to increase returns on capital by pursuing both our growth strategy and capital and financial strategy. Implementing measures to optimize our business portfolio and improve capital efficiency, we seek to achieve business management that pays close attention to capital costs and stock prices.