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.
Consolidated Financial Results
for the Three Months Ended June 30, 2025 [Japanese GAAP]
August 1, 2025
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 Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended June 30, 2025
June 30, 2024
Millions of yen
22,149
21,355
%
3.7
32.2
Millions of yen
822
1,768
%
(53.5)
110.0
Millions of yen
431
2,184
%
(80.3)
51.7
Millions of yen
304
1,487
%
(79.5)
39.4
(Note) Comprehensive income:
Three months ended June 30, 2025:
¥
260 million [
(82.6) %]
Three months ended June 30, 2024:
¥
1,497 million [
45.1%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
4.28
-
June 30, 2024
20.90
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
June 30, 2025
March 31, 2025
Millions of yen
125,362
124,796
Millions of yen
57,896
58,347
%
46.2
46.8
(Reference) Equity: As of June 30, 2025:
¥
57,896 million
As of March 31, 2025:
¥
58,347 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended March 31, 2025
Fiscal year ending March 31, 2026
Yen
-
-
Yen
8.00
Yen
-
Yen
10.00
Yen
18.00
Fiscal year ending March 31, 2026
(Forecast)
9.00
-
9.00
18.00
(Note) Revision to the forecast for dividends announced most recently: None
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2026 : Commemorative dividend - yen
Special dividend - yen
Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(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 | |||||
Millions of yen 41,700 92,300 | % | Millions of yen 1,200 4,300 | % | Millions of yen 700 3,300 | % | Millions of yen 300 2,400 | % | Yen | |
Six months ending September 30, 2025 Full year | (4.8) 3.7 | (54.3) (35.3) | (58.9) (47.5) | (73.5) (43.7) | 4.22 33.72 | ||||
(Note) Revision to the financial results forecast announced most recently: | Yes | |
* Notes: (1) Significant changes in the scope of consolidation during the period: | None | |
Newly included: - (Company name: | ) | |
Excluded: - (Company name: | ) |
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: Yes
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 71,270,910 shares
March 31, 2025: 71,270,910 shares
Number of treasury shares at the end of the period:
June 30, 2025: 98,870 shares
March 31, 2025: 98,836 shares
Average number of shares outstanding during the period:
Three months ended June 30, 2025: 71,172,066 shares
Three months ended June 30, 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 June 30, 2025
Assets
Current assets | ||
Cash and deposits | 4,599 | 4,722 |
Notes and accounts receivable - trade | 14,581 | 13,471 |
Electronically recorded monetary claims -operating | 232 | 195 |
Merchandise and finished goods | 24,865 | 21,953 |
Work in process | 9,332 | 9,401 |
Raw materials and supplies | 12,637 | 12,323 |
Accounts receivable - other | 1,161 | 1,185 |
Other | 2,349 | 3,496 |
Total current assets | 69,759 | 66,750 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 17,869 | 17,806 |
Machinery, equipment and vehicles, net | 17,182 | 17,521 |
Tools, furniture and fixtures, net | 777 | 750 |
Land | 2,449 | 2,449 |
Construction in progress | 13,788 | 17,383 |
Total property, plant and equipment | 52,066 | 55,911 |
Intangible assets | ||
Software | 662 | 595 |
Other | 20 | 19 |
Total intangible assets | 683 | 615 |
Investments and other assets | ||
Shares of subsidiaries and associates | 513 | 484 |
Deferred tax assets | 293 | 169 |
Retirement benefit asset | 822 | 791 |
Other | 659 | 641 |
Allowance for doubtful accounts | (1) | (1) |
Total investments and other assets | 2,286 | 2,084 |
Total non-current assets | 55,036 | 58,611 |
Total assets | 124,796 | 125,362 |
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 3,763 | 3,495 |
Short-term borrowings | 32,446 | 34,751 |
Lease liabilities | 10 | 8 |
Income taxes payable | 1,418 | 40 |
Provision for bonuses | 1,561 | 523 |
Provision for bonuses for directors (and other officers) | 176 | 21 |
Other | 4,365 | 4,543 |
Total current liabilities | 43,740 | 43,383 |
Non-current liabilities | ||
Long-term borrowings | 20,584 | 21,949 |
Lease liabilities | 2 | 1 |
Asset retirement obligations | 2,122 | 2,130 |
Total non-current liabilities | 22,708 | 24,081 |
Total liabilities | 66,449 | 67,465 |
Net assets | ||
Shareholders' equity | ||
Share capital | 11,963 | 11,963 |
Capital surplus | 13,023 | 13,023 |
Retained earnings | 33,535 | 33,127 |
Treasury shares | (78) | (78) |
Total shareholders' equity | 58,443 | 58,035 |
Accumulated other comprehensive income | ||
Foreign currency translation adjustment | (363) | (384) |
Remeasurements of defined benefit plans | 268 | 245 |
Total accumulated other comprehensive income | (95) | (139) |
Total net assets | 58,347 | 57,896 |
Total liabilities and net assets | 124,796 | 125,362 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income | ||
For the three months ended June 30, 20XX | ||
(Millions of yen) | ||
For the three months | For the three months | |
ended June 30, 2024 | ended June 30, 2025 | |
Net sales | 21,355 | 22,149 |
Cost of sales | 17,088 | 18,518 |
Gross profit | 4,267 | 3,630 |
Selling, general and administrative expenses | 2,499 | 2,808 |
Operating profit | 1,768 | 822 |
Non-operating income | ||
Interest income | - | 0 |
Foreign exchange gains | 514 | - |
Rental income from non-current assets | 0 | 7 |
Gain on sale of goods | 9 | 7 |
Insurance claim income | - | 29 |
Share of profit of entities accounted for using equity method | 5 | 13 |
Other | 3 | 14 |
Total non-operating income | 532 | 72 |
Non-operating expenses | ||
Interest expenses | 71 | 108 |
Foreign exchange losses | - | 313 |
Loss on disaster | 34 | - |
Other | 10 | 42 |
Total non-operating expenses | 116 | 463 |
Ordinary profit | 2,184 | 431 |
Extraordinary income | ||
Gain on sale of non-current assets | 0 | - |
Total extraordinary income | 0 | - |
Extraordinary losses | ||
Loss on retirement of non-current assets | 35 | 11 |
Total extraordinary losses | 35 | 11 |
Profit before income taxes | 2,149 | 419 |
Income taxes - current | 4 | 4 |
Income taxes - deferred | 657 | 110 |
Total income taxes | 662 | 114 |
Profit | 1,487 | 304 |
Profit attributable to owners of parent | 1,487 | 304 |
Quarterly Consolidated Statement of Comprehensive Income | ||
For the three months ended June 30, 20XX | ||
(Millions of yen) | ||
For the three months ended June 30, 2024 | For the three months ended June 30, 2025 | |
Profit | 1,487 | 304 |
Other comprehensive income | ||
Deferred gains or losses on hedges | (0) | - |
Foreign currency translation adjustment | 30 | (20) |
Remeasurements of defined benefit plans, net of tax | (19) | (22) |
Total other comprehensive income | 10 | (43) |
Comprehensive income | 1,497 | 260 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of 1,497 260 parent | ||