August 7, 2020
DOWA HOLDINGS CO., LTD.
DOWA HOLDINGS CO., LTD. (“the Company”) has compiled forecasts for consolidated results for the first half based on information and predictions currently available, with respect to forecasts for consolidated financial results for the fiscal year ending March 31, 2021, which were left undecided in the consolidated financial summary for the year ended March 31, 2020 (Japan basis) announced on May 26, 2020.
1. Consolidated Financial Forecasts
First Half Consolidated Forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to September 30, 2020)
(Millions of Yen)
| Net Sales | Operating Income | Ordinary Income | Profit attributable to owners of parent |
Net Income |
|
|---|---|---|---|---|---|
| Previous Forecasts (A) | - | - | - | - | - |
| Revised Forecasts (B) | 227,500 | 6,600 | 3,400 | (1,000) | (16.90) |
| Change (B－A) | - | - | - | - | |
| Percentage Change (%) | - | - | - | - | |
|
(Ref.) Previous Fiscal Year First Half Results |
230,782 | 11,078 | 12,453 | 7,924 | 133.89 |
2. Details of the results forecasts
The Company expects that the business environment will remain challenging, although it assumes a certain level of recovery in demand for automobile-related products and services resulting from the normalization of the number of vehicles produced.
In addition, it expects no improvements in the share of loss of entities accounted for using an equity method. Reflecting such impacts in forecasting, the Company expects that consolidated results for the first half of the current fiscal year will fall short of the actual results for the first half a year ago.
With respect to full-year forecasts for the consolidated results for the fiscal year ending March 31, 2021, the Company has determined that it is unable to make the forecasts due to difficulties in anticipating demand for its products and services or the outlook for the share of profit (loss) of entities accounted for using the equity method in long term given the continuation of the COVID-19 pandemic. The Company will make an announcement promptly as soon as it is able to prepare the forecasts.
3. Consolidated Financial Forecasts by Segment
First Half Consolidated Forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to September 30, 2020)
(Billions of Yen)
| First Half of the year ended March 31, 2020 | First Half of the year ending March 31, 2021 | Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | Operating Income | Ordinary Income | Net Sales | Operating Income | Ordinary Income | Net Sales | Operating Income | Ordinary Income | |
| Environmental Management & Recycling | 53.5 | 3.4 | 3.1 | 55.3 | 3.0 | 3.1 | 1.7 | (0.4) | (0.0) |
| Nonferrous Metals | 107.8 | 3.4 | 4.6 | 110.9 | 3.5 | 4.2 | 3.0 | 0.0 | (0.4) |
| Electronics Materials | 43.7 | 0.6 | 1.2 |
51.0 |
0.9 | 1.6 | 7.2 | 0.2 | 0.3 |
| Metal Processing | 41.5 | 2.4 | 2.5 | 29.9 | (0.5) | (0.4) | (11.6) | (2.9) | (2.9) |
| Heat Treatment | 14.0 | 0.6 | 0.5 | 9.8 | (0.8) | (0.9) | (4.2) | (1.4) | (1.4) |
| Other / Elimination | (29.8) | 0.4 | 0.2 | (29.4) | 0.5 | (4.2) | 0.4 | 0.0 | (4.4) |
| Total | 230.7 | 11.0 | 12.4 | 227.5 | 6.6 | 3.4 | (3.2) | (4.4) | (9.0) |
(Notes)
The above values have been rounded down to the nearest second decimal place. Therefore, the total values of some segments may not be the same as the sum of the detailed values in each segment.
The forecasts included in this document are based on the information available to the Company at the time of the announcement and certain assumptions considered reasonable. Actual results may differ materially due to a range of factors.
