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.
May 14, 2026
Company name: Toho Zinc Co., Ltd.
Name of representative: ITO Masahito, President and Representative Director (Securities code: 5707)
Inquiries: KONDO Fumihiro, General Manager,
Accounting Department (Telephone: +81-3-4334-7313)
Notice Concerning Difference between Financial Results Forecasts and Actual ResultsToho Zinc Co., Ltd. (the Company) hereby announces that there is a difference between the financial results forecasts for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026) announced on February 13, 2026, and the financial results announced today.
Difference between the financial results forecasts for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026) and actual results
Net sales
Operating profit
Ordinary profit
Profit (loss)
attributable to owners of parent
Basic earnings per share
Previous forecasts (A)
Millions of yen
123,000
Millions of yen
4,800
Millions of yen
3,500
Millions of yen
2,700
Yen
91.42
Actual results (B)
125,550
6,722
5,678
4,782
161.88
Change (B-A)
2,550
1,922
2,178
2,082
Rate of change (%)
2.1
40.0
62.2
77.1
(Reference) Actual consolidated results for previous fiscal year (ended March 31, 2025)
126,267
5,625
3,689
(1,458)
(101.20)
Reason for the difference
Net sales were generally in line with the previously announced forecast; however, profits increased in the smelting business due in part to metal prices rising above initial assumptions. In addition, in the metal recycling business, the effects of measures such as the sale of assets held in connection with the reorganization of zinc smelting operations made a significant contribution to earnings. As a result, profit figures at the operating profit level and below exceeded the previous forecast.
[Metal price and exchange rate assumptions]
Previous forecasts | Revised forecasts | |||
Fiscal year (forecast) | April-December (actual) | January-March (actual) | Fiscal year (actual) | |
Lead ($/t) | 1,956 | 1,961 | 1,931 | 1,953 |
Silver ($/oz) | 48.0 | 42.6 | 84.4 | 53.1 |
Exchange rate (¥/$) | 150.5 | 148.7 | 156.9 | 150.8 |
[Segment profit]
Smelting and Refining | Environment and Recycling | Electronic Components and Advanced Materials | Metal Recycling | Other | Adjustment | Total | |
Previous forecasts (A) | Millions of yen 2,600 | Millions of yen 900 | Millions of yen 200 | Millions of yen 1,000 | Millions of yen 300 | Millions of yen (1,500) | Millions of yen 3,500 |
Actual results (B) | 3,793 | 920 | 455 | 1,451 | 307 | (1,250) | 5,678 |
Change (B-A) | 1,193 | 20 | 255 | 451 | 7 | 249 | 2,178 |
Rate of change (%) | 45.9 | 2.2 | 127.7 | 45.1 | 2.3 | - | 62.2 |
(Note) Segment profit is adjusted with ordinary profit in the consolidated statement of income.
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