Toyo Seikan records significant sales growth in its latest fiscal year

The Toyo Seikan Group experienced remarkable growth in sales and earnings over the past year to the end of December. This increase has led the company to improve its outlook for the full year.

Separately, Toyo Seikan revised its consolidated profit forecast for the full fiscal year 2023, which ends in March 2024. These adjustments are based on recent business results and reflect an optimistic outlook for the company.

As for the revised profit and sales forecast, the previous forecast was 920 billion yen, but the latest forecast has been adjusted to 947 billion yen.

As for operating income: The previous forecast was ¥23 billion, while the latest forecast is ¥30 billion. Also in terms of ordinary profit: The previous forecast was 25 billion yen, and the latest forecast has increased to 32.5 billion yen.
Net sales in fiscal 2023 will exceed the previous forecast due to growth in foreign engineering operations and the effect of price increases in packaging products. Operating income will also exceed the previous forecast due to better sales and lower-than-expected raw material and energy prices.

Consequently, both the ordinary profit and the profit attributable to owners of the parent company for the full year will be higher than previous forecasts.
In summary, Toyo Seikan is in a strong and optimistic position for the remainder of fiscal 2023, and its continued growth is cause for celebration for the company and its investors. The company, which operates in the packaging sector, has demonstrated its financial strength and ability to adapt to market demands.
The Toyo Seikan Group is known for its commitment to innovation and applied technology in its industry. In addition, its focus on quality and efficiency has contributed to its continued success. Increased sales and profits reflect customers’ confidence in your products and services.