Komori
Revision of earnings forecasts3402TORAY INDUSTRIES,INC.Materials and Chemicals

Notice Regarding Differences Between the Previous Fiscal Year's Actual Results and the Standalone Results of Our Subsidiary (CHORI CO.,LTD.)

For the fiscal year ending March 2026, CHORI CO.,LTD.'s standalone net sales and operating profit were below the previous fiscal year's levels, while ordinary profit and net income were higher. The increase in net income was primarily due to a reduction in income taxes resulting from the dissolution of a consolidated subsidiary and the waiver of its receivables.

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Mixed performance
Direction inferred from the company’s description.
Scale
32.3
% (year-on-year change in standalone net income)
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full year
Reason for the revision

The primary reason for the increase in net income was a reduction in income taxes and other taxes resulting from the tax-deductible treatment of the allowance for doubtful accounts recorded in prior fiscal years, following the dissolution of a consolidated subsidiary and the waiver of its receivables. Net sales declined 3.8% year on year.

Details and amount of extraordinary loss

On a consolidated basis, impairment loss on investment securities was ¥65 million, loss on disposal of fixed assets was ¥37 million, loss on sale of investment securities was ¥2 million, and total extraordinary losses were ¥105 million. Extraordinary losses related to the reasons for the variance in the subsidiary's standalone results: Not disclosed.

Previous-period resultsStandalone: net sales ¥158,239 million, operating profit ¥7,205 million, ordinary profit ¥11,003 million, profit before income taxes ¥11,070 million, net income ¥8,503 million, and basic earnings per share ¥345.04
Dividend forecast revisionCHORI CO.,LTD. increased its projected year-end dividend by ¥3, from the previous forecast of ¥72 per share to ¥75 per share. The annual dividend forecast for the fiscal year ending March 2027 is ¥171 per share, comprising an interim dividend of ¥85 and a year-end dividend of ¥86.
Consolidated / non-consolidatedSubsidiary standalone
Revised forecast
ItemDetails
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Previous-period resultsStandalone: net sales ¥158,239 million, operating profit ¥7,205 million, ordinary profit ¥11,003 million, profit before income taxes ¥11,070 million, net income ¥8,503 million, and basic earnings per share ¥345.04
Reason for the revisionThe primary reason for the increase in net income was a reduction in income taxes and other taxes resulting from the tax-deductible treatment of the allowance for doubtful accounts recorded in prior fiscal years, following the dissolution of a consolidated subsidiary and the waiver of its receivables. Net sales declined 3.8% year on year.
Details and amount of extraordinary lossOn a consolidated basis, impairment loss on investment securities was ¥65 million, loss on disposal of fixed assets was ¥37 million, loss on sale of investment securities was ¥2 million, and total extraordinary losses were ¥105 million. Extraordinary losses related to the reasons for the variance in the subsidiary's standalone results: Not disclosed.
Dividend forecast revisionCHORI CO.,LTD. increased its projected year-end dividend by ¥3, from the previous forecast of ¥72 per share to ¥75 per share. The annual dividend forecast for the fiscal year ending March 2027 is ¥171 per share, comprising an interim dividend of ¥85 and a year-end dividend of ¥86.
Consolidated / non-consolidatedSubsidiary standalone
Items this document does not state (6)
Net SalesOperating profitOrdinary incomeProfit attributable to owners of the parentNet income per sharePublication date of previous forecast

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The primary reason for the increase in net income was a reduction in income taxes and other taxes resulting from the tax-deductible treatment of the allowance for doubtful accounts recorded in prior fiscal years, following the dissolution of a consolidated subsidiary and the waiver of its receivables.

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Notice Regarding Differences Between the Previous Fiscal Year's Actual Results and the Standalone Results of Our Subsidiary (CHORI CO.,LTD.) | TORAY INDUSTRIES,INC. (3402) timely disclosure | Komori