Toho Titanium Co. Ltd. Reports Consolidated Earnings Results for the Year 2013; Provides Earnings Guidance for Fiscal 2014
Toho Titanium Co. Ltd. Reported consolidated earnings results for the year 2013. For the year, the company reported net sales of JPY 30.4 million against JPY 40.1 million a year ago. Operating income was JPY 4.7 million against JPY 0.8 million a year ago. Net income was JPY 5.5 million against JPY 2.2 million a year ago. Net income per share was JPY 77.3 against JPY 30.9 a year ago. Cash flow from operating activities was JPY 4.4 million against JPY 1.1 million a year ago. Acquisition of tangible fixed assets was JPY 5.3 million against JPY 2.5 million a year ago.
For fiscal 2014, the company expects net sales of JPY 32.6 million, operating income of JPY 4.0 million, net income of JPY 4.0 million.