NEWS DETAIL

  • Source : Press Release
  • Date : 2021-08-03
  • Companies : Tosoh Corp.

Tosoh's Revised Fiscal 2022 Consolidated Results Forecast

Tokyo, Japan—In light of recent trends in business performance, Tosoh Corporation has revised the fiscal year 2022 consolidated financial results it forecasted on May 11, 2021.

Revised first-half consolidated financial results for fiscal year 2022
(April 1, 2021, to September 30, 2021)

 

Net Sales

Operating Income

Ordinary Income

Profit Attributable to Owners of the Parent Company

Earnings per Share (yen)

Previous forecast (A)

¥400 billion

¥47 billion

¥45 billion

¥29 billion

91.15

Revised forecast (B)

¥420 billion

¥60 billion

¥62 billion

¥40 billion

125.73

Difference (B – A)

¥20 billion

¥13 billion

¥17 billion

¥11 billion

 

% Difference

5.0

27.7

37.8

37.9

 

Reference: FY 2021 performance (Year ended March 2021)

¥328 billion

¥18 billion

¥18 billion

¥12 billion

36.48

Revised full-year consolidated financial results for fiscal year 2022
(April 1, 2021, to March 31, 2022)

 

Net Sales

Operating Income

Ordinary Income

Profit Attributable to Owners of the Parent Company

Earnings per Share (yen)

Previous forecast (A)

¥800 billion

¥93 billion

¥92 billion

¥60 billion

188.59

Revised forecast (B)

¥820 billion

¥106 billion

¥109 billion

¥71 billion

223.17

Difference (B – A)

¥20 billion

¥13 billion

¥17 billion

¥11 billion

 

% Difference

2.5

14.0

18.5

18.3

 

Reference: FY 2021 performance (Year ended March 2021)

¥733 billion

¥88 billion

¥95 billion

¥63 billion

197.89

Reasons for the difference and revisions

First-half forecast for fiscal year 2022

Net sales, operating income, and all other profit indicators are expected to surpass the previously issued forecast due to improvements in overseas market conditions for methylene diphenyl diisocyanate (MDI) and improvement in the difference between inventory receipts and payments.

Full-year forecast for fiscal year 2022

As a result of the upturn in the first half of the fiscal year, net sales, operating income, and all other profit indicators are expected to surpass the previously issued forecast.

Note: Forecasts are based on information available to the company as of the date of the news release. Actual results may differ due to unforeseeable factors.

TOSOH CORPORATION

Who We Are

Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥732.9 billion (US$6.9 billion at the average rate of ¥106.1 to the US dollar) in fiscal 2021, ended March 31, 2021.

What We Do

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.

Stock Exchange Ticker Symbol: 4042

DISCLAIMER

This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.