NEWS DETAIL

Source : Press Release
Date : 2021-11-02
Companies : Tosoh Corp.

Tosoh Revises 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 August 3, 2021.

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)	¥820 billion	¥106 billion	¥109 billion	¥71 billion	223.17
Revised forecast (B)	¥890 billion	¥116 billion	¥121 billion	¥80 billion	251.44
Difference (B – A)	¥70 billion	¥10 billion	¥12 billion	¥9 billion
% Difference	8.5	9.4	11.0	12.7
Reference: FY 2021 performance (year ended March 2021)	¥733 billion	¥88 billion	¥95 billion	¥63 billion	197.89

Reasons for the revisions

Due to the impact of increasing overseas market prices for key chlor-alkali products exceeding the impact of rising prices for raw materials and fuels such as naphtha and coal, net sales, operating income, and all subsequent profit items are expected to exceed the previous forecast.

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