#Toho

Toho Gas Co., Ltd. announced the plan to cancel 6,653,300 shares of treasury stock (6.77% of the total issued shares) on March 31, 2026.

Toho Titanium Co., Ltd. will hold an extraordinary general meeting of shareholders on April 24, 2026, where approval of the stock swap agreement for full subsidiary acquisition by JX Metals Corporation will be proposed. The record date is March 12, 2026.

JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is scheduled to be delisted on May 28, 2026.

JX Nippon Mining & Metals Corporation has signed a share exchange agreement to make Toho Titanium Co., Ltd. a wholly-owned subsidiary effective June 1, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium. Toho Titanium shares are scheduled to be delisted on May 28, 2026.

Toho Holdings requested additional information provision regarding the large-scale purchase of shares by 3D Investment Partners, judging that the information provided was insufficient for shareholder decision-making.

Announced a revision to increase the year-end dividend forecast for the fiscal year ending March 2026 by 30 yen from 45 yen to 75 yen per share, raising the total annual dividend from 90 yen to 120 yen, up 55 yen.

For FY2026 Q3, net sales reached 1,183,158 million yen (1.8% YoY increase), operating income was 12,422 million yen (13.3% YoY decrease), and net income attributable to owners of parent for the quarter was 14,448 million yen (40.9% YoY increase).

Net sales for Q3 FY March 2026 reached JPY 26.891 billion (5.9% YoY increase), operating income was JPY 1.714 billion (17.2% YoY decrease), and net income attributable to owners of parent was JPY 1.573 billion (10.0% YoY increase), marking record highs.

Upward revision of consolidated ordinary income for the fiscal year ending March 2026 by 1,600 million yen (1.8%) to 89,800 million yen, and net income attributable to owners of parent increased by 1,900 million yen (20.4%) to 11,200 million yen. Dividend raised to 16 yen per year.

For the third quarter of the fiscal year ending March 2026, ordinary income was ¥68,276 million (YoY +35.2%), operating income was ¥14,560 million (YoY +48.5%), and net income attributable to owners of parent for the quarter was ¥9,974 million (YoY +51.9%).

The consolidated capital adequacy ratio as of the end of December 2025 was 10.94%, down 0.12% from the end of September. The non-consolidated ratio was 10.47%, decreasing by 0.08%.

For the third quarter of fiscal 2025, net sales were 61.32 billion yen, down 4.49 billion yen year-over-year, operating income was 2.93 billion yen, down 1.89 billion yen year-over-year, and net income attributable to owners of parent was 2.02 billion yen, down 1.45 billion yen year-over-year.