March 22, 2021
DOWA HOLDINGS CO., LTD.
Dowa Holdings Co., Ltd. (“the Company”) has revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021), which were announced on November 10, 2020, in light of the recent performance. Details are as follows:
1. Revisions of Consolidated Financial Forecasts
(1) Full-year Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2021
(April 1, 2020 to March 31, 2021)
|
Net Sales
(Millions of Yen) |
Operating Income
(Millions of Yen) |
Ordinary Income
(Millions of Yen) |
Profit attributable to owners of parent (Millions of Yen) |
Net Income per Share (Yen)
|
|
|---|---|---|---|---|---|
|
Previous Forecasts (A) (Announced on November 10, 2020) |
563,600 | 31,300 | 29,000 | 12,000 | 202.76 |
| Revised Forecasts (B) | 582,800 | 37,100 | 35,000 | 15,700 | 265.16 |
| Changes (B－A) | 19,200 | 5,800 | 6,000 | 3,700 | |
| Percentage Changes (%) | 3.4 | 18.5 | 20.7 | 30.8 | |
|
(Ref.) Previous Fiscal Year Results |
485,130 | 25,955 | 28,996 | 17,395 | 293.92 |
(2) Reasons for the Revisions
In the business environment of the Dowa Group in the fiscal year ending March 31, 2021, demand of automobile-related products and services have continued to recover from the second quarter of the current fiscal year, and have been firm since the third quarter of the current fiscal year. In the foreign exchange market and metal prices, Japanese yen has been depreciated and metal prices have risen for copper, zinc, silver and platinum group metals. In addition, due to the change in the equity interest of the Los Gatos mine announced on March 9, 2021 (*1), it is expected that a gain on the sale of interests (extraordinary income) will be generated in the fourth quarter of the current fiscal year.
As a result, the full-year consolidated financial forecasts for the fiscal year ending March 31, 2021 of the Dowa Group are expected to exceed the previous forecasts.
Furthermore, regarding Fujita Kanko Inc., an affiliate accounted for by the equity method, the revised forecasts reflect their financial results for the fiscal year ended December 31, 2020 (January 1, 2020 to December 31, 2020).
(*1) : DOWA Changes Ownership Interest in Los Gatos Mine— announced on March 9, 2021
(3) Consolidated Financial Forecasts by Segment
Full-year Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2021
(April 1, 2020 to March 31, 2021)
(Billions of Yen)
| Previous Forecasts | Revised Forecasts | Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | Operating Income | Ordinary Income | Net Sales | Operating Income | Ordinary Income | Net Sales | Operating Income | Ordinary Income | |
| Environmental Management & Recycling | 116.1 | 7.5 | 7.1 | 116.6 | 8.0 | 8.1 | 0.5 | 0.5 | 1.0 |
| Nonferrous Metals | 263.6 | 16.8 | 20.9 | 278.5 | 20.4 | 24.8 | 14.9 | 3.6 | 3.9 |
| Electronic Materials | 153.3 | 2.2 | 3.2 |
150.2 |
2.5 | 3.6 | (3.1) | 0.3 | 0.4 |
| Metal Processing | 75.5 | 3.2 | 3.6 | 77.3 | 4.2 | 4.4 | 1.8 | 1.0 | 0.8 |
| Heat Treatment | 24.8 | 0.7 | 0.6 | 23.7 | 1.0 | 0.8 | (1.1) | 0.3 | 0.2 |
| Other / Eliminations |
(69.6) |
0.9 | (6.3) | (63.5) | 1.0 | (6.7) | 6.1 | 0.1 | (0.4) |
| Total | 563.6 | 31.3 | 29.0 | 582.8 | 37.1 | 35.0 | 19.2 | 5.8 | 6.0 |
(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.
