November 11, 2022
DOWA HOLDINGS CO., LTD.
DOWA HOLDINGS CO., LTD. (“the Company”) has revised its full year consolidated forecasts for fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023), which were announced on August 10, 2022, in light of the recent performance.
Details are as follows:
1. Revisions of 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 per share |
|
|
(Millions of Yen) |
(Millions of Yen) |
(Millions of Yen) |
(Millions of Yen) |
(Yen) |
|
|
Previous Forecasts (A) (Announced on August 10, 2022) |
846,000 |
58,500 |
68,000 |
43,000 |
722.66 |
|
Revised Forecasts (B) |
785,000 |
47,000 |
57,000 |
35,000 |
588.14 |
|
Change (B-A) |
(61,000) |
(11,500) |
(11,000) |
(8,000) |
|
|
Percentage Change (%) |
(7.2) |
(19.7) |
(16.2) |
(18.6) |
|
|
(Ref.) Previous Fiscal Year Results (Year Ended March 31, 2022) |
831,794 |
63,824 |
76,073 |
51,012 |
857.32 |
2. Reasons for the Revisions
Regarding the business environment from the third quarter of the fiscal year ending March 31, 2023, demand for automobile-related products and services, and waste treatment/recycling-related services of the Company is expected to be in line with the previous forecasts. However, demand for information/communication-related products and new energy-related products of the Company is expected to decline. In addition, metal prices are expected to remain slightly below the previous forecasts, and the yen is expected to weaken against the U.S. dollar. On the other hand, the cost of electricity, fuel and the other materials is expected to be much higher than the previous forecasts, on account of global rising in the energy costs or various materials costs.
As a result, the full year consolidated financial forecasts for the fiscal year ending March 31, 2023, is expected to be lower than the previous forecasts.
3. Full Year Consolidated Financial Forecasts by Segment 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 |
136.5 |
10.9 |
11.5 |
144.5 |
9.6 |
10.4 |
8.0 |
(1.3) |
(1.1) |
|
Nonferrous Metals |
474.5 |
29.6 |
38.0 |
452.0 |
25.1 |
33.7 |
(22.5) |
(4.5) |
(4.3) |
|
Electronic Materials |
160.0 |
7.0 |
8.5 |
118.5 |
3.9 |
5.7 |
(41.5) |
(3.1) |
(2.8) |
|
Metal Processing |
119.0 |
7.4 |
7.8 |
116.0 |
5.4 |
5.9 |
(3.0) |
(2.0) |
(1.9) |
|
Heat Treatment |
30.5 |
2.3 |
2.7 |
31.0 |
2.0 |
2.3 |
0.5 |
(0.3) |
(0.4) |
|
Other / Elimination |
(74.5) |
1.3 |
(0.5) |
(77.0) |
1.0 |
(1.0) |
(2.5) |
(0.3) |
(0.5) |
|
Total |
846.0 |
58.5 |
68.0 |
785.0 |
47.0 |
57.0 |
(61.0) |
(11.5) |
(11.0) |
(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.
