Toho Titanium Co., Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales of JPY 37.3 billion against JPY 31.2 billion a year ago. Operating income was JPY 3.9 billion against JPY 3.7 billion a year ago. Ordinary income was JPY 3.5 billion against JPY 3.9 billion a year ago. Net income was JPY 3.4 billion against JPY 3.4 billion a year ago. Profits before income taxes were JPY 3.4 billion against JPY 3.8 billion a year ago. Cash flow from operating activities was JPY 6.4 billion against JPY 5.9 billion a year ago. Acquisition of tangible fixed assets was JPY 4.1 billion against JPY 1.1 billion a year ago.

For the first half of fiscal year 2019, the company forecasts net sales of JPY 21.7 billion, operating income of JPY 2.3 billion, ordinary income of JPY 2.1 billion and net income of JPY 1.3 billion.

For the second half of fiscal year 2019, the company forecasts net sales of JPY 21.3 billion, operating income of JPY 1.7 billion, ordinary income of JPY 1.5 billion and net income of JPY 1.8 billion.

For the fiscal year ending March 31, 2019, the company forecasts net sales of JPY 43.0 billion, operating income of JPY 4.0 billion, ordinary income of JPY 3.6 billion, net income of JPY 3.1 billion and net income per share of JPY 43.6.