5707
FY2024 (2025/3)
Financial Results Presentation
2025/5/15
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The plans presented in this document are based on information currently available to the Company and on certain assumptions deemed reasonable.
TOHO ZINC CO., LTD. 1
FY2024 (2025/3) Financial Results - Summary
FY2024
Financial Results
-
For FY2024, revenue reached 126.3 billion yen, EBITDA was 8.2 billion yen, and net income was ▲1.5 billion yen. All profit indicators significantly exceeded those of FY2023. Compared to the earnings forecast announced in February 2025, results were
generally in line, with net income coming in slightly above forecast.
The key drivers of profit growth were improved earnings in core and growth businesses, as well as a rebound from losses recorded in the previous fiscal year in the reorganized and withdrawn businesses.
Commencement of Business Revitalization Period
We announced the business revitalization plan in December 2024, focused on reorganization or exiting unprofitable businesses and driving profit growth in core and growth businesses. Capital increase was completed on March 13, 2025.
- Reorganization and withdrawal efforts are progressing as planned, including the shutdown of key facilities in the Zinc Smelting Business and completing a voluntary early retirement program.
Through the capital raise and agreements with financial institutions, we have secured sufficient liquidity to support operations throughout the revitalization period.
FY2025
Earnings Outlook
- For FY2025, we forecast revenue of 115.7 billion yen, EBITDA of 7.1 billion yen, and net income of 3.0 billion yen. Performance is expected to improve further, driven by increased production in lead and silver smelting, as well as a rebound from the impairment losses recorded in the Zinc Smelting Business during FY2024.
Since earnings from the smelting business are sensitive to fluctuations in resource prices and exchange rates, a decline in commodity prices or a stronger yen could negatively impact profitability. We will continue to monitor market conditions closely.
Agenda
1. FY2024 Financial Results
P.3
Commencement of Business Revitalization Period P.6
FY2025 Earnings Outlook P.16 Appendix
FY2024 (2025/3) Financial Results
While revenue remained roughly in line with FY2023, all profit indicators significantly improved due to the impact of business reorganization and withdrawals. Compared to the earnings forecast announced in February 2025, results were generally in line, with net income slightly above forecast.
（100 million yen）
Revenue
EBITDA Ordinary income Net income
32
37
-30
-15
1,308 1,270 1,263
2024/3
Actual
(YoY)
2025/3
Forecast
2025/3
Actual
2024/3
Actual
2025/3
Forecast
2025/3
Actual
-107
2024/3
Actual
79
82
29
2025/3
Forecast
2025/3
Actual
-465
2024/3
Actual
2025/3
Forecast
2025/3
Actual
Revenue of the Lead and Silver Smelting Business: +2.8 billion yen
Revenue of the Mineral Resources Business (withdrawn): -4.9 billion yen
(YoY)
Rebound from prior-year ordinary loss of
13.2 billion yen and extraordinary loss of
35.5 billion yen in the Mineral Resources Business.
Key Factors Behind the Change from FY2023 to FY2024
Core and growth businesses recorded a 0.9 billion yen increase in ordinary income year-on-year. Reorganized and withdrawn businesses saw a significant profit recovery due to a rebound from the ordinary and extraordinary losses recorded in the previous fiscal year.
Increase in Ordinary Income from Core and Growth Businesses: +0.9 billion yen
（100 million yen）
Rebound from prior-year extraordinary loss (the Mineral Resources Business): +35.5 billion yen
Extraordinary loss recorded this year (zinc smelting): ▲7.4 billion yen
21
-15
Impact of Yen Depreciation YoY
Increased production and higher profits from rare metals.
Rebound from Prior-Year Ordinary Loss
285
Rising costs of secondary raw materials.
136
-7
-465
2024/3
-2
Metal
8
Foreign
11
Inventry
-19
Others
11
Environ-
0
Electronic
5
Zinc
Mineral
Others
Extraordinary
Tax 2025/3
Net income Actual
market impact
exchange valuation impact
Lead and Silver Smelting
mental R Components
and Advanced Materials
smelting
Resources
Gains and Losses
Net income Actual
Ordinary income