Toho Titanium Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year 2018
July 26, 2017
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Toho Titanium Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 9,015 million against JPY 7,904 million a year ago. Operating income was JPY 900 million against JPY 641 million a year ago. Ordinary income was JPY 854 million against JPY 900 million a year ago. Profit attributable to owners of parent was JPY 559 million against JPY 584 million a year ago. Net income per share was JPY 7.86 against JPY 8.21 a year ago. Income before income taxes was JPY 853 million against JPY 898 million a year ago.
For the first half of 2018, the company expects net sales of JPY 16,700 million, operating income of JPY 1,400 million, ordinary income of JPY 1,300 million, profit attributable to owners of parent of JPY 1,100 million or JPY 15.46 per share.
For the year 2018, the company expects net sales of JPY 34,000 million, operating income of JPY 2,400 million, ordinary income of JPY 2,300 million, profit attributable to owners of parent of JPY 2,100 million or JPY 29.51 per share.
TOHO TITANIUM COMPANY, LIMITED is a Japan-based company mainly engaged in the metallic titanium business. The Company operates through two business segments. The Metallic Titanium segment is engaged in manufacture of sponge titanium, titanium ingot and high purity titanium. The Functional Chemicals segment is engaged in the manufacture of propylene polymerization catalysts, ultrafine nickel, high-purity titanium oxide, and other products.
Toho Titanium Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the First Half and Full Year 2018