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Revision of earnings forecasts4409TOHO CHEMICAL INDUSTRY COMPANY,LIMITEDMaterials and Chemicals

Notice Regarding Differences Between the Second-Quarter Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ending March 2024 and Revisions to the Full-Year Consolidated Earnings Forecast

For the cumulative second quarter, revenue was below forecast, while operating income, ordinary income and quarterly net income exceeded forecast. For the full year, all revenue and earnings forecasts were lowered, with operating income set at 30.0% below the previous forecast.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-30
% (change in full-year operating profit)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ended March 2024 · Six months and full yearPrevious forecast published 2023年8月7日
Net SalesCumulative second-quarter results25,500→24,941million
-2.2%
Net SalesFull year51,500→50,500million
-1.9%
Operating profitCumulative second-quarter results240→256million
+7.1%
Operating profitFull year1,000→700million
-30.0%
Ordinary incomeCumulative second-quarter results180→214million
+19.0%
Ordinary incomeFull year800→600million
-25.0%
Profit attributable to owners of the parentCumulative second-quarter results100→131million
+31.9%
Profit attributable to owners of the parentFull year530→390million
-26.4%
Net income per shareCumulative second-quarter results4.76→6.27yen and sen
+31.7%
Net income per shareFull year25.2→18.55yen and sen
-26.4%

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

第2四半期累計は、製品需要が予想より低調で売上高が下振れした一方、固定費支出の抑制等の効果や為替差益により利益が上振れした。通期は、中国経済の低迷や半導体不況の長期化等により製品需要が前回予想時の想定より弱含みで推移しているため、売上高と利益を下方修正した。

Previous-period resultsCumulative second-quarter results Net Sales 27,516 / Operating profit 303 / Ordinary income 198 / Profit attributable to owners of parent for the quarter 135 / Net income per share for the quarter 6.41 / Full year Net Sales 55,361 / Operating profit 1,384 / Ordinary income 1,179 / Profit attributable to owners of the parent 977 / Net income per share 46.31
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesCumulative second-quarter results 25,500 / Full year 51,500 → Cumulative second-quarter results 24,941 / Full year 50,500(Cumulative second-quarter results -2.2 / Full year -1.9)
Operating profitCumulative second-quarter results 240 / Full year 1,000 → Cumulative second-quarter results 256 / Full year 700(Cumulative second-quarter results 7.1 / Full year -30)
Ordinary incomeCumulative second-quarter results 180 / Full year 800 → Cumulative second-quarter results 214 / Full year 600(Cumulative second-quarter results 19 / Full year -25)
Profit attributable to owners of the parentCumulative second-quarter results 100 / Full year 530 → Cumulative second-quarter results 131 / Full year 390(Cumulative second-quarter results 31.9 / Full year -26.4)
Net income per shareCumulative second-quarter results 4.76 / Full year 25.2 → Cumulative second-quarter results 6.27 / Full year 18.55
Fiscal Period CoveredFiscal year ended March 2024
Period CoveredSix months and full year
Publication date of previous forecast2023年8月7日
Previous-period resultsCumulative second-quarter results Net Sales 27,516 / Operating profit 303 / Ordinary income 198 / Profit attributable to owners of parent for the quarter 135 / Net income per share for the quarter 6.41 / Full year Net Sales 55,361 / Operating profit 1,384 / Ordinary income 1,179 / Profit attributable to owners of the parent 977 / Net income per share 46.31
Reason for the revision第2四半期累計は、製品需要が予想より低調で売上高が下振れした一方、固定費支出の抑制等の効果や為替差益により利益が上振れした。通期は、中国経済の低迷や半導体不況の長期化等により製品需要が前回予想時の想定より弱含みで推移しているため、売上高と利益を下方修正した。
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.

第2四半期累計は、製品需要が予想より低調だったため売上高が下振れしたが、固定費支出の抑制等や為替差益により利益は上振れした。通期は、中国経済の低迷や半導体不況の長期化等により製品需要が想定より弱く推移しているため、売上高と利益を下方修正した。

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Differences Between the Second-Quarter Consolidated Earnings Forecast and Actual Results for the Fiscal Year Ending March 2024 and Revisions to the Full-Year Consolidated Earnings Forecast | TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) timely disclosure | Komori