May 14, 2021
DOWA HOLDINGS CO., LTD.

Dowa Holdings Co., Ltd. (“the Company”) hereby announces the differences between the full year consolidated financial forecasts for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021) announced on March 22, 2021 and the actual results announced today.

Moreover, the Company announces the differences between the full year non-consolidated financial results for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021) and the previous fiscal year results. Details are as follows:

 

1. Differences Between Full Year Consolidated Financial Forecasts and Actual Results

 

(1) Differences Between Full Year Consolidated Financial Forecasts for the Fiscal Year Ended March 31, 2021 and Actual Results (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 March  22, 2021)

 582,800 37,100 35,000 15,700 265.16
Actual Results (B) 588,003 37,454 37,200 21,824 368.45
Changes (B－A) 5,203 354 2,200 6,124  
Percentage Changes (%) 0.9 1.0 6.3 39.0  

(Ref.) Previous Fiscal Year Results

(Year Ended March 31, 2020)

 485,130 25,955 28,996 17,395 293.92

(2) Reasons for the Differences

In the fiscal year ended March 31, 2021, the ordinary income exceeded the forecast announced on March 22, 2021 due to factors such as exchange rates and metal prices exceeding expected levels. In addition, the profit attributable to owners of the parent exceeded the forecasts, mainly due to lower income taxes than expected.

2. Differences Between Full Year Non-Consolidated Financial Results and Previous Fiscal Year Results

 

(1) Differences Between Full Year Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 and Previous Fiscal Year Results

 

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 Fiscal Year Results (A)

 14,795 6,516 5,954 6,807 113.27
Actual Results (B) 15,084 7,074 7,061 684 11.40
Changes (B－A) 289 557 1,107 (6,122)  
Percentage Changes (%) 2.0 8.6 18.6 (89.9)  

(2) Reasons for the Differences

 

The differences from the previous fiscal year results were caused by the recording of an extraordinary loss (loss on valuation of investment securities) announced on October 1, 2020.