Tokyo, Japan—In light of recent trends in business performance, Tosoh Corporation has revised the fiscal year 2022 consolidated financial results it forecasted on August 3, 2021.
Revised full-year consolidated financial results for fiscal year 2022 (April 1, 2021, to March 31, 2022)
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Net Sales
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Operating Income
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Ordinary Income
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Profit Attributable to Owners of the Parent Company
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Earnings per Share (yen)
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Previous forecast (A)
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¥820 billion
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¥106 billion
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¥109 billion
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¥71 billion
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223.17
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Revised forecast (B)
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¥890 billion
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¥116 billion
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¥121 billion
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¥80 billion
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251.44
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Difference (B – A)
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¥70 billion
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¥10 billion
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¥12 billion
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¥9 billion
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% Difference
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8.5
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9.4
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11.0
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12.7
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Reference: FY 2021 performance (year ended March 2021)
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¥733 billion
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¥88 billion
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¥95 billion
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¥63 billion
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197.89
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Reasons for the revisions
Due to the impact of increasing overseas market prices for key chlor-alkali products exceeding the impact of rising prices for raw materials and fuels such as naphtha and coal, net sales, operating income, and all subsequent profit items are expected to exceed the previous forecast.
Note: Forecasts are based on information available to the company on the news release date. Actual results may differ due to unforeseeable factors.
TOSOH CORPORATION
Who We Are
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people. It generated net sales of ¥732.9 billion (US$6.9 billion at the average rate of ¥106.1 to the US dollar) in fiscal 2021, ended March 31, 2021.
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
DISCLAIMER
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.