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.
February 13, 2026
Company name: Toho Zinc Co., Ltd.
Name of representative: ITO Masahito, President and Representative Director (Securities code: 5707)
Inquiries: FUJIHARA Keigo, General Manager,
Accounting Department (Telephone: +81-3-4334-7313)
Notice Concerning Revisions to Full-Year Financial Results ForecastsToho Zinc Co., Ltd. (the Company) hereby announces that in the light of the most recent operating trends, it has revised the financial results forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026), disclosed with the announcement on November 13, 2025, as described below.
Revisions to consolidated financial results forecasts for the current fiscal year (from April 1, 2025 to March 31, 2026)
Net sales
Operating profit
Ordinary profit
Profit (loss)
attributable to owners of parent
Basic earnings per share
Previous forecasts (A)
Millions of yen
118,400
Millions of yen
2,600
Millions of yen
1,800
Millions of yen
1,300
Yen
44.02
Revised forecasts (B)
123,000
4,800
3,500
2,700
91.42
Change (B-A)
4,600
2,200
1,700
1,400
Rate of change (%)
3.9
84.6
94.4
107.7
(Reference) Actual consolidated results for previous fiscal year (ended March 31, 2025)
126,267
5,625
3,689
(1,458)
(101.20)
Reason for revision
Regarding net sales, the Smelting and Refining segment is expected to exceed the previous forecast due to higher-than-anticipated precious metal prices and a weaker yen.
Operating profit, ordinary profit, and profit attributable to owners of parent are expected to exceed the previous forecast, mainly due to strong performance in the Metal Recycling segment. This is primarily attributable to significant earnings contributions from the recovery and recycling of lead and silver from anode plates, supported by higher precious metal prices.
[Metal price and exchange rate assumptions]
Previous forecasts | Revised forecasts | |||
Fiscal year (forecast) | April-December (actual) | January-March (forecast) | Fiscal year (forecast) | |
Lead ($/t) | 1,978 | 1,961 | 1,942 | 1,956 |
Silver ($/oz) | 39.3 | 42.6 | 64.3 | 48.0 |
Exchange rate (¥/$) | 148.0 | 148.7 | 156.0 | 150.5 |
[Segment profit (loss)]
Smelting and Refining | Environment and Recycling | Electronic Components and Advanced Materials | Metal Recycling | Other | Adjustment | Total | |
Previous forecasts (A) | Millions of yen 2,800 | Millions of yen 600 | Millions of yen 350 | Millions of yen (450) | Millions of yen 400 | Millions of yen (1,900) | Millions of yen 1,800 |
Revised forecasts (B) | 2,600 | 900 | 200 | 1,000 | 300 | (1,500) | 3,500 |
Change (B-A) | (200) | 300 | (150) | 1,450 | (100) | 400 | 1,700 |
Rate of change (%) | (7.1) | 50.0 | (42.9) | - | (25.0) | - | 94.4 |
(Note) Segment profit or loss is adjusted with ordinary profit in the consolidated statement of income.
Note: The above forecasts are based on information available as of the date of the release of this document. Actual results may differ from these forecast figures due to various factors in the future.
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