Tokyo, Japan—In view of recent trends, the company announces revisions to its full-year fiscal 2017 consolidated financial results it likewise forecasted on November 1, 2016.
Revised consolidated financial results for the fiscal 2017 full year
| ||Net Sales ||Operating Income ||Ordinary Income ||Net Profit Attributable to Owners of the Parent Company ||EPS |
|Previous forecast (A) ||¥690 billion ||¥85 billion |
|¥80 billion ||¥54 billion ||¥83.20 |
|Revised forecast (B) ||¥730 billion ||¥100 billion ||¥105 billion ||¥70 billion ||¥107.84 |
|Difference (B - A) ||¥40 billion ||¥15 billion ||¥25 billion ||¥16 billion || |
|% difference ||5.8 ||17.6 ||31.3 ||29.6 || |
|Reference: FY 2016 performance (year ended March 2016) ||¥753.7 billion |
|¥69.4 billion |
|¥65.8 billion |
|¥39.7 billion |
Reasons for the revision
Net sales for the fiscal year ending March 31, 2017, are expected to surpass the previous forecast because of a weakening yen and rising overseas markets for the company’s main products. Likewise, full-year profits are anticipated to exceed the previous forecast based on the effect of improvements in trade conditions and in foreign exchange.
Note: Forecasts are based on information available to the company on the date of the news release. Actual results, therefore, may differ from the forecasts because of unpredictable factors.
WHO WE ARE
Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥753.7 billion (US$6.3 billion at the average rate of ¥120.15 to the US dollar) in fiscal 2016, ended March 31, 2016.
WHAT WE DO
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.