Toho Titanium Co., Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for the First Half, Second Half and Full Year of Fiscal Year Ending March 31, 2019
May 24, 2018 at 07:12 am EDT
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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.
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 Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for the First Half, Second Half and Full Year of Fiscal Year Ending March 31, 2019