Titan Kogyo, Ltd. Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2024
August 18, 2023 at 02:00 am EDT
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Titan Kogyo, Ltd. provided consolidated earnings guidance for the six months and full year of fiscal year ending March 31, 2024. For the six months ending September 30, 2023, The company expects net sales to be JPY 4,300 million, Operating profit to be JPY 50 million, profit attributable to owners of parent to be JPY 10 million or JPY 3.38 per basic share.
For the full year, The company expects net sales to be JPY 9,800 million, Operating profit to be JPY 300 million, profit attributable to owners of parent to be JPY 150 million or JPY 50.64 per basic share.
Titan Kogyo, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of titanium oxide, iron oxide and related chemical products. The Company operates in two business segments. The Titanium Oxide segment is engaged in the manufacture and sale of titanium oxide and high value-added ultrafine titanium dioxide products such as ultrafine titanium dioxide, pigments for cosmetics, electro-conductive inorganic oxide and titanate products. The Iron Oxide segment is engaged in the manufacture and sale of iron oxide products such as synthetic iron oxide, scaly iron oxide and ferrous sulfate products. The Company is also engaged in the sale of accessory products, and the on-site logistics business.
TITAN KOGYO, LTD. 
