Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 6, 2026
Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)
Company name: | TOHO TITANIUM COMPANY, LIMITED | ||||
Listing: | Tokyo Stock Exchange | ||||
Securities code: | 5727 | ||||
URL: | https://www.toho-titanium.co.jp/ | ||||
Representative: | Yasuji Yamao | Representative Director and President | |||
Inquiries: | Hiromu Tomeba | General Manager, Planning, Corporate Management Division | |||
Telephone: | +81-45-394-5521 | ||||
Scheduled date to commence dividend payments: | - | ||||
Preparation of supplementary material on financial results: | Yes | ||||
Holding of financial results briefing: | None | ||||
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Nine months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
December 31, 2025
61,323
(6.8)
2,928
(39.2)
3,184
(34.4)
2,016
(42.0)
December 31, 2024
65,805
16.5
4,820
8.7
4,856
5.6
3,474
1.3
Note: Comprehensive income
For the nine months ended December 31, 2025:
¥
1,894 million [
(45.0) %]
For the nine months ended December 31, 2024:
¥
3,443 million [
1.9%]
Basic earnings per share
Diluted earnings per share
Nine months ended
Yen
Yen
December 31, 2025
28.33
-
December 31, 2024
48.82
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
December 31, 2025
126,003
58,908
46.8
March 31, 2025
124,796
58,347
46.8
Reference: Equity
As of December 31, 2025:
¥
58,908 million
As of March 31, 2025:
¥
58,347 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended
-
8.00
-
10.00
18.00
March 31, 2025
Fiscal year ending
-
9.00
-
March 31, 2026
Fiscal year ending March 31, 2026
(Forecast)
9.00
18.00
Note: Revisions to the forecast of cash dividends most recently announced: None Note: Breakdown of the third quarter dividend for the fiscal year ending March 31, 2026 :
Commemorative dividend - yen
Special dividend - yen
- Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
81,300 | (8.6) | 4,000 | (39.8) | 3,600 | (42.7) | 1,900 | (55.4) | 26.69 | |
Note: Revisions to the financial result forecast most recently announced: None
* Notes(1) Significant changes in the scope of consolidation during the period: | None | ||
Newly included: | - | companies( | ) |
Excluded: | - | companies( | ) |
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: | None |
(3) Changes in accounting policies, changes in accounting estimates, and restatement | |||||
(i) | Changes in accounting policies due to revisions to accounting standards and other regulations: | None | |||
(ii) | Changes in accounting policies due to other reasons: | Yes | |||
(iii) | Changes in accounting estimates: | None | |||
(iv) | Restatement: | None | |||
(4) Number of issued shares (common shares)
(i) Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2025 | 71,270,910 | shares |
As of March 31, 2025 | 71,270,910 | shares |
(ii) | Number of treasury shares at the end of the period | ||
As of December 31, 2025 | 84,813 | shares | |
As of March 31, 2025 | 98,836 | shares |
(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2025 | 71,180,647 | shares |
Nine months ended December 31, 2024 | 71,172,074 | shares |
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public | |
accountants or an audit firm: | None |
* Proper use of earnings forecasts, and other special matters
Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet
(Millions of yen) | ||
As of March 31, 2025 | As of December 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 4,599 | 4,638 |
Notes and accounts receivable - trade | 14,581 | 11,692 |
Electronically recorded monetary claims -operating | 232 | 149 |
Merchandise and finished goods | 24,865 | 22,010 |
Work in process | 9,332 | 9,318 |
Raw materials and supplies | 12,637 | 13,403 |
Accounts receivable - other | 1,161 | 1,034 |
Other | 2,349 | 1,856 |
Total current assets | 69,759 | 64,102 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 17,869 | 23,344 |
Machinery, equipment and vehicles, net | 17,182 | 16,635 |
Tools, furniture and fixtures, net | 777 | 866 |
Land | 2,449 | 2,449 |
Construction in progress | 13,788 | 16,708 |
Total property, plant and equipment | 52,066 | 60,004 |
Intangible assets | ||
Software | 662 | 436 |
Other | 20 | 6 |
Total intangible assets | 683 | 443 |
Investments and other assets | ||
Shares of subsidiaries and associates | 513 | 515 |
Deferred tax assets | 293 | - |
Retirement benefit asset | 822 | 732 |
Other | 659 | 206 |
Allowance for doubtful accounts | (1) | (1) |
Total investments and other assets | 2,286 | 1,452 |
Total non-current assets | 55,036 | 61,900 |
Total assets | 124,796 | 126,003 |
(Millions of yen) | ||
As of March 31, 2025 | As of December 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 3,763 | 3,712 |
Short-term borrowings | 32,446 | 32,866 |
Lease liabilities | 10 | 7 |
Income taxes payable | 1,418 | 334 |
Provision for bonuses | 1,561 | 843 |
Provision for bonuses for directors (and other officers) | 176 | 67 |
Other | 4,365 | 5,276 |
Total current liabilities | 43,740 | 43,108 |
Non-current liabilities | ||
Long-term borrowings | 20,584 | 21,066 |
Lease liabilities | 2 | 2 |
Asset retirement obligations | 2,122 | 2,710 |
Deferred tax liabilities | - | 208 |
Total non-current liabilities | 22,708 | 23,986 |
Total liabilities | 66,449 | 67,095 |
Net assets | ||
Shareholders' equity | ||
Share capital | 11,963 | 11,963 |
Capital surplus | 13,023 | 13,030 |
Retained earnings | 33,535 | 34,198 |
Treasury shares | (78) | (67) |
Total shareholders' equity | 58,443 | 59,125 |
Accumulated other comprehensive income | ||
Deferred gains or losses on hedges | - | (55) |
Foreign currency translation adjustment | (363) | (360) |
Remeasurements of defined benefit plans | 268 | 199 |
Total accumulated other comprehensive income | (95) | (216) |
Total net assets | 58,347 | 58,908 |
Total liabilities and net assets | 124,796 | 126,003 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income For the Nine-Month Period
(Millions of yen) | ||
For the nine months ended December 31, 2024 | For the nine months ended December 31, 2025 | |
Net sales | 65,805 | 61,323 |
Cost of sales | 53,418 | 50,320 |
Gross profit | 12,387 | 11,002 |
Selling, general and administrative expenses | 7,567 | 8,074 |
Operating profit | 4,820 | 2,928 |
Non-operating income | ||
Foreign exchange gains | 196 | 502 |
Gain on sale of goods | 28 | 29 |
Insurance claim income | 24 | 29 |
Share of profit of entities accounted for using equity method | 11 | 43 |
Other | 90 | 40 |
Total non-operating income | 350 | 646 |
Non-operating expenses | ||
Interest expenses | 231 | 339 |
Loss on disaster | 53 | - |
Other | 29 | 50 |
Total non-operating expenses | 314 | 390 |
Ordinary profit | 4,856 | 3,184 |
Extraordinary income | ||
Gain on sale of non-current assets | 6 | - |
Total extraordinary income | 6 | - |
Extraordinary losses | ||
Loss on retirement of non-current assets | 135 | 346 |
Total extraordinary losses | 135 | 346 |
Profit before income taxes | 4,727 | 2,837 |
Income taxes - current | 771 | 286 |
Income taxes - deferred | 481 | 534 |
Total income taxes | 1,252 | 821 |
Profit | 3,474 | 2,016 |
Profit attributable to owners of parent | 3,474 | 2,016 |
Quarterly Consolidated Statement of Comprehensive Income For the Nine-Month Period
(Millions of yen) | ||
For the nine months ended December 31, 2024 | For the nine months ended December 31, 2025 | |
Profit | 3,474 | 2,016 |
Other comprehensive income | ||
Deferred gains or losses on hedges | - | (55) |
Foreign currency translation adjustment | 27 | 3 |
Remeasurements of defined benefit plans, net of tax | (59) | (68) |
Total other comprehensive income | (31) | (121) |
Comprehensive income | 3,443 | 1,894 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 3,443 | 1,894 |
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