News release

Notice of Revisions of Financial Forecasts

February 8, 2018
DOWA HOLDINGS CO., LTD.

DOWA HOLDINGS CO., LTD. (“the Company”) has revised its full-year consolidated forecasts for fiscal 2018 (April 1, 2018 to March 31, 2019), which were announced on October 29, 2018, in light of the recent performance. Details are as follows:

1. Revisions of Consolidated Financial Forecasts

 

Full-year Consolidated Forecasts for Fiscal 2018 (April 1, 2018 to March 31, 2019)

(Millions of Yen)

  Net Sales Operating Income Ordinary Income Profit attributable to owners of parent

Net Income
per Share (Yen)

Previous Forecast (A)
(Announced on October 29, 2018)
455,000 24,500 30,000 21,000 354.82
Revised Forecast (B) 450,000 20,000 25,000 16,500 278.79
Change (B-A) (5,000) (4,500) (5,000) (4,500)  
Percentage Change (%) (1.1%) (18.4%) (16.7%) (21.4%)  

(Ref.) Previous Fiscal Year Results
(Year Ended March 31, 2018)

454,754 30,948 36,355 24,693 417.21

2. Reasons for the Revisions

In the third quarter, the impact of the decline in demand for the Chinese market continued in electronic components-related and new forms of energy-related products. In Nonferrous Metals segment, the electricity prices rose and the amount of metal recovered was less than expected.
As a result of taking these factors into consideration, we expect a decline in profits mainly in Nonferrous Metals and Electronics Materials segments and revise the full-year forecast.


Assumptions on the financial forecasts are as follows:
(There is no change from previous assumptions)

 

Previous Forecast
(Announced on October 29, 2018)

 

1st to 3rd Quarter Average

 

4th Quarter

Assumptions

Exchange Rates
(Yen per US$)
110.0 111.1 110.0
Copper (US$ per ton) 6,200 6,381 6,200
Zinc (US$ per ton) 2,600 2,759 2,600
Indium (US$ per kg) 250 269 250

3. Consolidated Financial Forecasts by Segment

 

Consolidated Full-year Forecasts for Fiscal 2018 (April 1, 2018 to March 31, 2019)

(Billions of Yen)

  Previous Forecast Revised Forecast Changes
Net Sales Operating Income Ordinary Income Net Sales Operating Income Ordinary Income Net Sales Operating Income Ordinary Income
Environmental Management & Recycling 104.5 5.5 6.3 105.0 5.5 6.1 0.5 (0.2)
Nonferrous Metals 224.3 4.0 8.0 220.0 1.2 5.2 (4.3) (2.8) (2.8)
Electronic Materials 66.7 3.2 4.5 65.0 2.0 3.0 (1.7) (1.2) (1.5)
Metal Processing 93.5 7.2 7.4 93.0 6.7 6.9 (0.5) (0.5) (0.5)
Heat Treatment 29.9 3.2 3.2 30.0 3.2 3.2 0.1
Other / Elimination (63.9) 1.4 0.6 (63.0) 1.4 0.6 0.9
Total 455.0 24.5 30.0 450.0 20.0 25.0 (5.0) (4.5) (5.0)

(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.

Page top

COPYRIGHT © DOWA HOLDINGS Co., Ltd All right reserved.