August 10, 2022
DOWA HOLDINGS CO., LTD.
DOWA HOLDINGS CO., LTD. (“the Company”) has revised its first half consolidated forecasts for fiscal year ending March 31, 2023 (April 1, 2022 to September 30, 2022) and full year consolidated forecasts for fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023), which were announced on May 13, 2022, 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, 2023
(April 1, 2022 to September 30, 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 13, 2022) |
437,000 | 23,200 | 25,000 | 16,600 | 278.98 |
| Revised Forecasts (B) | 405,000 | 31,000 | 37,500 | 23,300 | 391.58 |
| Change (B－A) | (32,000) | 7,800 | 12,500 | 6,700 | |
| Percentage Change (%) | (7.3) | 33.6 | 50.0 | 40.4 | |
| (Ref.) Previous Fiscal Year First Half Results (First Half of Year Ended March 31, 2022) |
423,263 | 37,969 | 47,456 | 32,597 | 547.84 |
(2) Full Year Consolidated Forecasts for the fiscal year ending March 31, 2023
(April 1, 2022 to March 31, 2023)
| 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 13, 2022) |
900,000 | 50,000 | 55,000 | 36,000 | 605.02 |
| Revised Forecasts (B) | 846,000 | 58,500 | 68,000 | 43,000 | 722.66 |
| Change (B－A) | (54,000) | 8,500 | 13,000 | 7,000 | |
| Percentage Change (%) | (6.0) | 17.0 | 23.6 | 19.4 | |
|
(Ref.) Previous Fiscal Year Results |
831,794 | 63,824 | 76,073 | 51,012 | 857.32 |
2. Reasons for the Revisions
Regarding the business environment from the second quarter of the fiscal year ending March 31, 2023, demand for main products and services of the Company is expected to be in line with the previous forecast. However, demand for certain automobile-related products and services is expected to decline. In addition, the Company has reviewed the outlook for costs, such as prices for raw materials and energy, and the assumptions for foreign exchange rates and metal prices, taking the recent situation into account.
As a result, the first half and full year consolidated financial forecast for the fiscal year ending March 31, 2023 are expected to exceed the previous forecasts for operating profit, ordinary profit and profit attributable to owners of parent, mainly in the Nonferrous Metals segment.
3. Consolidated Financial Forecasts by Segment
(1) First Half Consolidated Forecasts for the fiscal year ending March 31, 2023
(April 1, 2022 to September 30, 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 | 65.0 | 4.8 | 4.7 | 70.5 | 5.5 | 6.0 | 5.5 | 0.7 | 1.3 |
| Nonferrous Metals | 240.0 | 11.7 | 14.7 | 226.0 | 17.0 | 22.6 | (14.0) | 5.3 | 7.9 |
| Electronic Materials | 94.0 | 2.6 | 3.0 | 74.5 | 3.5 | 4.4 | (19.5) | 0.9 | 1.4 |
| Metal Processing | 58.0 | 3.1 | 3.3 | 60.0 | 3.8 | 4.1 | 2.0 | 0.7 | 0.8 |
| Heat Treatment | 14.0 | 0.8 | 0.8 | 13.5 | 0.3 | 0.7 | (0.5) | (0.5) | (0.1) |
| Other / Elimination | (34.0) | 0.2 | (1.5) | (39.5) | 0.9 | (0.3) | (5.5) | 0.7 | 1.2 |
| Total | 437.0 | 23.2 | 25.0 | 405.0 | 31.0 | 37.5 | (32.0) | 7.8 | 12.5 |
(2) Full Year Consolidated Forecasts for the fiscal year ending March 31, 2023
(April 1, 2022 to March 31, 2023)
(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 | 133.0 | 10.5 | 10.5 | 136.5 | 10.9 | 11.5 | 3.5 | 0.4 | 1.0 |
| Nonferrous Metals | 500.0 | 24.4 | 30.4 | 474.5 | 29.6 | 38.0 | (25.5) | 5.2 | 7.6 |
| Electronic Materials | 188.0 | 5.0 | 6.0 | 160.0 | 7.0 | 8.5 | (28.0) | 2.0 | 2.5 |
| Metal Processing | 117.0 | 6.7 | 7.0 | 119.0 | 7.4 | 7.8 | 2.0 | 0.7 | 0.8 |
| Heat Treatment | 31.0 | 2.8 | 2.8 | 30.5 | 2.3 | 2.7 | (0.5) | (0.5) | (0.1) |
| Other / Elimination | (69.0) | 0.6 | (1.7) | (74.5) | 1.3 | (0.5) | (5.5) | 0.7 | 1.2 |
| Total | 900.0 | 50.0 | 55.0 | 846.0 | 58.5 | 68.0 | (54.0) | 8.5 | 13.0 |
(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.
