Toho Titanium Company, Limited
Supplementary Materials for Q3 Financial Results for March 2026
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.
Key Figures
- Net Sales: 61.32 billion yen (3Q Fiscal 2025) Down 4.49 billion yen YoY
- Operating Income: 2.93 billion yen (3Q Fiscal 2025) Down 1.89 billion yen YoY
- Net Income Attributable to Owners of Parent: 2.02 billion yen (3Q Fiscal 2025) Down 1.45 billion yen YoY
AI要約
Summary of Performance
In the consolidated results for the third quarter of fiscal 2025, net sales totaled 61.32 billion yen, a decrease of 4.49 billion yen from 65.81 billion yen in the same period last year. Operating income was 2.93 billion yen, 1.89 billion yen lower than 4.82 billion yen in the previous year. Ordinary income was 3.18 billion yen and net income attributable to owners of parent was 2.02 billion yen, both decreased compared to the same period last year. The average exchange rate was 148.7 yen/dollar (year-end 156.6 yen), slightly stronger yen compared to 152.6 yen (year-end 158.2 yen) in the previous year.
Segment Performance and Drivers of Change
By segment, the Metal Titanium business saw a significant decline in net sales to 40.18 billion yen (49.27 billion yen in the same period last year) and operating income also decreased to 3.04 billion yen (5.21 billion yen in the previous year). Conversely, the Catalyst business increased with net sales of 8.57 billion yen (7.45 billion yen last year) and operating income of 1.94 billion yen (1.63 billion yen). The Chemicals business also saw net sales increase to 12.58 billion yen (9.09 billion yen), and operating loss improved to -280 million yen from -650 million yen a year earlier. The main cause of the decrease in operating income was a decline in sales volume and price reductions in the Metal Titanium business.
Financial Position and Cash Flow
As of the end of December 2025, the equity ratio was 46.8%, roughly the same level as at the end of the previous year. Current assets were 69.8 billion yen, and fixed assets were 55.0 billion yen. Operating cash flow was a positive 11.3 billion yen, investing cash flow was a negative 11.3 billion yen, and financing cash flow was a negative 0.5 billion yen.
Consolidated Earnings Forecast
There is no revision to the full-year consolidated earnings forecast for fiscal 2025, with expected net sales of 81.30 billion yen, operating income of 4.00 billion yen, ordinary income of 3.60 billion yen, and net income attributable to owners of parent of 1.90 billion yen. The dividend forecast is 18.00 yen per share.
