February 7, 2025
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 Regarding Revision to the Consolidated Financial Results Forecast
for the Fiscal Year Ending March 31, 2025
Toho Titanium Co., Ltd. (the "Company") announces the revision of its consolidated financial forecasts for the fiscal year ending March 31, 2025 announced on May 8, 2024 based on recent performance trends. Details are as follows.
1. Revisions to consolidated financial results forecast for the fiscal year ending March 31, 2025 (April 1, 2024 to March 31, 2025)
(Millions of yen) | ||||||
Profit | ||||||
Net Sales | Operating | Ordinary | attributable to | Net income | ||
profit | profit (loss) | owners of | per share | |||
parent | ||||||
Previous forecast (A) | 95,300 | 5,700 | 5,000 | 3,700 | 51.99 yen | |
Revised forecast (B) | 88,700 | 5,300 | 5,000 | 3,700 | 51.99 yen | |
Changes (B-A) | (6,600) | (400) | 0 | 0 | ‒ | |
Change (%) | (6.9) | (7.0) | 0.0 | 0.0 | ‒ | |
(Reference) Results for the same | 78,404 | 5,628 | 6,273 | 4,951 | 69.57 yen | |
period of the previous fiscal year | ||||||
(Year ended March 31, 2024) |
2. Reason for the revision
The consolidated financial forecasts for the fiscal year ending March 31, 2025, are based on the assumption that the yen-dollar rate was 153 yen against the US dollar from April to December 2024 and is 150 yen from January to March 2025. The previous forecasts were based on the assumption that the rate is 145 yen against the US dollar.
Net sales are expected to decrease in each segment due to a decline in sales volumes. The decline is primarily attributed to quality issues and a strike at The Boeing Company, as well as a slow recovery in demand in China primarily caused by prolonged economic stagnation.
Operating profit is anticipated to decline because of the decrease in net sales, which will outweigh the positive impact of the weak yen. Ordinary profit and profit attributable to owners of parent are expected to remain roughly the same as the previous forecasts, primarily due to an increase in non-operating income resulting from the weak yen.
(Note) The forward-looking statements in this notice, including the earnings outlook, are based on information currently available to the Company and certain assumptions that the Company considers reasonable. Actual results may differ due to various factors.