News release

Notice of Revisions of Financial Forecasts

April 14, 2017

DOWA HOLDINGS CO., LTD. (“the Company”) has revised its full-year consolidated forecasts for fiscal 2016 (April 1, 2016 to March 31, 2017), which were announced on May 10, 2016, in light of the recent performance. Details are as follows:

1. Revisions of Consolidated Financial Forecasts

Revisions to Consolidated Forecasts for Fiscal 2016 (April 1, 2016 to March 31, 2017)

(Millions of Yen)

  Net Sales Operating Income Ordinary
Profit attributable to owners of parent Net Income per Share (Yen)
Previous Forecast (A) (Announced on May 10, 2016) 385,000 29,000 29,000 20,000 67.58
Revised Forecast (B) 408,000 34,000 37,000 26,500 89.55
Difference (B-A) 23,000 5,000 8,000 6,500
Percentage Change 6.0% 17.2% 27.6% 32.5%
(Ref.) Previous Fiscal Year Results
(Year Ended March 31, 2016)
406,598 35,067 35,056 21,826 73.75

2. Reasons for the Revisions

For business environment of the Company in the current fiscal year ended March 31, 2017, in terms of the exchange rate, the depreciation of the yen and Mexican peso advanced more than expected in the second half. The non-ferrous metal prices, copper and zinc price were on the upside. Furthermore, the sale of major products such as silver powder and copper rolled products remained firm.
As these results, the Company expects the profit to exceed its previous business forecast mainly in Non-ferrous metals and Electronic materials segment.

(Notes) The above forecasts are made based on information available at the time of the announcement and certain assumptions that the Company considers reasonable. Actual performance and other results may differ significantly from the forecasts, due to a variety of factors.

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