November 8, 2024
For Immediate Release
Company name: Toho Titanium Co., Ltd.
Representative: Yasuji Yamao, Representative
Director and President
Code number: 5727 (TSE Prime)
Contact： Hiromu Tomeba, General Manager,
Planning,Corporate Management Division
Telephone: +81-45-394-5521
Notice of Differences between Financial Forecasts for the First Six Months (Interim Period)
of Fiscal Year Ending March 31, 2025 and Actual Results
Toho Titanium Co., Ltd. (the "Company") hereby announces differences between the financial forecasts for the first six months (interim period) of the fiscal year ending March 31, 2025 released on May 8, 2024 and actual results, as follows.
1. Differences between financial forecasts for the first six months (interim period) of the fiscal year ending March 31, 2025 and actual results
(April 1, 2024 to September 30, 2024)
(Millions of yen) | |||||||
Profit | |||||||
Net Sales | Operating | Ordinary | attributable to | Net income per | |||
profit | profit (loss) | owners of | share | ||||
parent | |||||||
Previous forecast (A) | 45,300 | 1,900 | 1,400 | 700 | 9.84 yen | ||
Result (B) | 43,779 | 2,413 | 1,493 | 985 | 13.84 yen | ||
Changes (B-A) | (1,521) | 513 | 93 | 285 | |||
Change (%) | (3.4) | 27.0 | 6.6 | 40.7 | |||
(Reference) Results of the first | |||||||
six months of previous fiscal | |||||||
year | 36,649 | 2,341 | 3,182 | 2,436 | 34.24 yen | ||
(Six months ended September | |||||||
30, 2024) |
(Reason for differences)
Net sales in the first six months (interim period) of the fiscal year under review decreased compared with the same period of the previous fiscal year, mainly reflecting the sales volume of titanium ingots for general industrial use, which remained on a par with the level of a year ago, and the stalling recovery in demand for THC catalyst. In terms of earnings, profits exceeded the previously announced figures, mainly
because of the weaker yen during the six months period of the fiscal year under review, despite the non- operating loss posted due to the appreciation of the yen near the end of the period.
Full-year financial forecasts for the fiscal year ending March 31, 2025 remain unchanged as of the time of this announcement, as the Company is carefully reviewing selling situations for each product while closely observing market trends. If necessary for revising its financial forecasts, the Company will promptly disclose revised forecasts.