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Revision of earnings forecasts4409TOHO CHEMICAL INDUSTRY COMPANY,LIMITEDMaterials and Chemicals

Notice Regarding Revisions to Earnings Forecasts

The consolidated earnings forecasts for the cumulative second quarter and full year of the fiscal year ending March 2024 were revised downward. Revenue was also reduced, while operating income, ordinary income and net income were lowered by larger amounts than revenue.

Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-75
% (change in net income attributable to owners of the parent for the cumulative second quarter)
Wording
Conditional
How definitive the wording is.

Revised forecast

2024 年 3 月期 · Six months (cumulative) and full fiscal yearPrevious forecast published 2023 年5月 12 日
Net SalesCumulative second-quarter results27,000→25,500million
-5.6%
Net SalesFull year55,500→51,500million
-7.2%
Operating profitCumulative second-quarter results700→240million
-65.7%
Operating profitFull year1,900→1,000million
-47.4%
Ordinary incomeCumulative second-quarter results550→180million
-67.3%
Ordinary incomeFull year1,600→800million
-50.0%
Profit attributable to owners of the parentCumulative second-quarter results400→100million
-75.0%
Profit attributable to owners of the parentFull year1,150→530million
-53.9%
Net income per shareCumulative second-quarter results18.96→4.76yen and sen
-74.9%
Net income per shareFull year54.51→25.2yen and sen
-53.8%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

中国経済の回復の遅れなどにより製品需要が多くの分野で低調に推移し、電子情報産業用の微細加工用樹脂では半導体不況の長期化による影響が拡大した。石油樹脂では原料不足による減産の影響が拡大し、さらに主原料の値上げにより第2四半期以降の原材料費増加が収益を押し下げる見通しとなった。

Previous-period resultsCumulative second-quarter results Net Sales 27,516 Sales and profit: million yen; earnings per share: yen and sen / Operating profit 303 Sales and profit: million yen; earnings per share: yen and sen / Ordinary income 198 Sales and profit: million yen; earnings per share: yen and sen / Profit attributable to owners of parent for the quarter 135 Sales and profit: million yen; earnings per share: yen and sen / Net income per share for the quarter 6.41 Sales and profit: million yen; earnings per share: yen and sen / Full year Net Sales 55,361 Sales and profit: million yen; earnings per share: yen and sen / Operating profit 1,384 Sales and profit: million yen; earnings per share: yen and sen / Ordinary income 1,179 Sales and profit: million yen; earnings per share: yen and sen / Profit attributable to owners of the parent 977 Sales and profit: million yen; earnings per share: yen and sen / Net income per share 46.31 Sales and profit: million yen; earnings per share: yen and sen
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesCumulative second-quarter results 27,000 / Full year 55,500 → Cumulative second-quarter results 25,500 / Full year 51,500(Cumulative second-quarter results -5.6 / Full year -7.2)
Operating profitCumulative second-quarter results 700 / Full year 1,900 → Cumulative second-quarter results 240 / Full year 1,000(Cumulative second-quarter results -65.7 / Full year -47.4)
Ordinary incomeCumulative second-quarter results 550 / Full year 1,600 → Cumulative second-quarter results 180 / Full year 800(Cumulative second-quarter results -67.3 / Full year -50)
Profit attributable to owners of the parentCumulative second-quarter results 400 / Full year 1,150 → Cumulative second-quarter results 100 / Full year 530(Cumulative second-quarter results -75 / Full year -53.9)
Net income per shareCumulative second-quarter results 18.96 / Full year 54.51 → Cumulative second-quarter results 4.76 / Full year 25.2
Fiscal Period Covered2024 年 3 月期
Period CoveredSix months (cumulative) and full fiscal year
Publication date of previous forecast2023 年5月 12 日
Previous-period resultsCumulative second-quarter results Net Sales 27,516 Sales and profit: million yen; earnings per share: yen and sen / Operating profit 303 Sales and profit: million yen; earnings per share: yen and sen / Ordinary income 198 Sales and profit: million yen; earnings per share: yen and sen / Profit attributable to owners of parent for the quarter 135 Sales and profit: million yen; earnings per share: yen and sen / Net income per share for the quarter 6.41 Sales and profit: million yen; earnings per share: yen and sen / Full year Net Sales 55,361 Sales and profit: million yen; earnings per share: yen and sen / Operating profit 1,384 Sales and profit: million yen; earnings per share: yen and sen / Ordinary income 1,179 Sales and profit: million yen; earnings per share: yen and sen / Profit attributable to owners of the parent 977 Sales and profit: million yen; earnings per share: yen and sen / Net income per share 46.31 Sales and profit: million yen; earnings per share: yen and sen
Reason for the revision中国経済の回復の遅れなどにより製品需要が多くの分野で低調に推移し、電子情報産業用の微細加工用樹脂では半導体不況の長期化による影響が拡大した。石油樹脂では原料不足による減産の影響が拡大し、さらに主原料の値上げにより第2四半期以降の原材料費増加が収益を押し下げる見通しとなった。
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

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.

中国経済の回復遅れなどによる製品需要の低迷、半導体不況の長期化、石油樹脂の原料不足による減産、原料メーカーによる主原料の値上げと原材料費の増加を理由としている。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Earnings Forecasts | TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) timely disclosure | Komori