August 6, 2021
DOWA HOLDINGS CO., LTD.
DOWA HOLDINGS CO., LTD. (“the Company”) has revised its first half consolidated forecasts for fiscal year ending March 31, 2022 (April 1, 2021 to September 30, 2021) and full year consolidated forecasts for fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022), which were announced on May 14, 2021, in light of the recent performance.
Details are as follows:
1. Revisions of Consolidated Financial Forecasts
(1) First Half Consolidated Forecasts for the fiscal year ending March 31, 2022
(April 1, 2021 to September 30, 2021)
| Net Sales | Operating Income | Ordinary Income | Profit attributable to owners of parent |
Net Income |
|
|---|---|---|---|---|---|
| (Millions of Yen) | (Millions of Yen) | (Millions of Yen) | (Millions of Yen) | (Yen) | |
| Previous Forecasts (A) (Announced on May 14, 2021) |
310,000 | 21,000 | 23,500 | 14,000 | 236.35 |
| Revised Forecasts (B) | 397,100 | 33,800 | 38,600 | 25,000 | 420.15 |
| Change (B－A) | 87,100 | 12,800 | 15,100 | 11,000 | |
| Percentage Change (%) | 28.1 | 61.0 | 64.3 | 78.6 | |
|
(Ref.) Previous Fiscal Year First Half Results |
252,479 | 12,619 | 9,328 | 1,616 | 27.31 |
(2) Full Year Consolidated Forecasts for the fiscal year ending March 31, 2022
(April 1, 2021 to March 31, 2022)
| Net Sales | Operating Income | Ordinary Income | Profit attributable to owners of parent |
Net Income |
|
|---|---|---|---|---|---|
| (Millions of Yen) | (Millions of Yen) | (Millions of Yen) | (Millions of Yen) | (Yen) | |
| Previous Forecasts (A) (Announced on May 14, 2021) |
640,000 | 44,000 | 50,000 | 30,000 | 506.47 |
| Revised Forecasts (B) | 780,000 | 58,000 | 66,000 | 42,000 | 705.85 |
| Change (B－A) | 140,000 | 14,000 | 16,000 | 12,000 | |
| Percentage Change (%) | 21.9 | 31.8 | 32.0 | 40.0 | |
|
(Ref.) Previous Fiscal Year Results |
588,003 | 37,454 | 37,200 | 21,824 | 368.45 |
2. Reasons for the Revisions
In the business environment in the second quarter and beyond, orders and sales of major products will continue to be firm. In the foreign exchange market and metal prices, the exchange rate will continue to be at the level of 110 yen per U.S. dollar, and metal prices will continue to be strong, as in the first quarter, exceeding the assumptions used in the previous forecast announced on May 14, 2021.
As a result, the first half and full year consolidated financial forecast for the fiscal year ending March 31, 2022 is expected to exceed the previous forecasts, mainly in the Nonferrous Metals segment.
Regarding Fujita Kanko Inc., an equity method affiliate, the company has not been announced their earnings forecasts for the fiscal year ending December 31, 2021, therefore this forecast does not include their first quarter results and the full year forecasts for the current fiscal year.
3. Consolidated Financial Forecasts by Segment
(1) First Half Consolidated Forecasts for the fiscal year ending March 31, 2021
(April 1, 2021 to September 30, 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 | 61.5 | 3.3 | 3.3 | 65.7 | 6.0 | 5.8 | 4.2 | 2.7 | 2.5 |
| Nonferrous Metals | 150.4 | 12.5 | 15.0 | 206.0 | 20.3 | 24.5 | 55.6 | 7.8 | 9.5 |
| Electronic Materials | 75.4 | 1.9 | 2.2 |
92.0 |
2.7 | 3.3 | 16.6 | 0.8 | 1.1 |
| Metal Processing | 40.6 | 2.4 | 2.4 | 56.3 | 3.6 | 3.9 | 15.7 | 1.2 | 1.5 |
| Heat Treatment | 12.0 | 0.6 | 0.5 | 12.1 | 0.9 | 0.9 | 0.1 | 0.3 | 0.4 |
| Other / Elimination | (29.9) | 0.3 | 0.1 | (35.0) | 0.3 | 0.2 | (5.1) | 0.0 | 0.1 |
| Total | 310.0 | 21.0 | 23.5 | 397.1 | 33.8 | 38.6 | 87.1 | 12.8 | 15.1 |
(2) Full Year Consolidated Forecasts for the fiscal year ending March 31, 2022
(April 1, 2021 to March 31, 2022)
(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 | 129.0 | 8.0 | 8.2 | 133.2 | 10.7 | 10.8 | 4.2 | 2.7 | 2.6 |
| Nonferrous Metals | 308.5 | 22.7 | 28.2 | 409.0 | 31.7 | 38.5 | 100.5 | 9.0 | 10.3 |
| Electronic Materials | 152.5 | 4.3 | 5.1 |
175.0 |
5.3 | 6.3 | 22.5 | 1.0 | 1.2 |
| Metal Processing | 83.4 | 5.5 | 5.6 | 102.3 | 6.7 | 7.1 | 18.9 | 1.2 | 1.5 |
| Heat Treatment | 28.2 | 2.5 | 2.3 | 28.1 | 2.8 | 2.8 | (0.1) | 0.3 | 0.5 |
| Other / Elimination | (61.6) | 1.0 | 0.6 | (67.6) | 0.8 | 0.5 | (6.0) | (0.2) | (0.1) |
| Total | 640.0 | 44.0 | 50.0 | 780.0 | 58.0 | 66.0 | 140.0 | 14.0 | 16.0 |
(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.
