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Tosoh's Attributable Income Rises 198% in Fiscal Q1

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Tosoh (TYO:4042) posted a 198% year-over-year increase in income attributable to owners of the parent to 19.46 billion yen for the three months ended June 30 from 6.53 billion yen.

The chemicals company's basic earnings per share increased to 63.19 yen from 20.50 yen a year ago, according to a Tokyo Stock Exchange filing on Tuesday.

Net sales jumped 11.8% to 274.17 billion yen from 245.13 billion yen in the year-ago period.

In a separate filing, the company raised its forecast for the fiscal year ending March 31, 2027, with an attributable profit of 59 billion yen, EPS of 191.63 yen, and net sales of 1.17 trillion yen.

The revision is based on the company's results for the three months ended June 30.

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