Tokyo, Japan— In light of recent trends in business performance, Tosoh Corporation has revised the full-year fiscal 2021 consolidated financial results it forecasted on October 30, 2020.
Revised full-year consolidated financial results for fiscal year 2021 (April 1, 2020, to March 31, 2021)
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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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¥700 billion
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¥60 billion
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¥61 billion
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¥38 billion
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118.84
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Revised forecast (B)
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¥720 billion
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¥78 billion
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¥79 billion
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¥50 billion
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156.37
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Difference (B – A)
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¥20 billion
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¥18 billion
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¥18 billion
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¥12 billion
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% Difference
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2.9
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30.0
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29.5
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31.6
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Reference: FY 2020 performance (Year ended March 2020)
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¥786 billion
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¥82 billion
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¥86 billion
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¥56 billion
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171.03
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Reasons for the difference and revisions
Net sales, operating income, and all other profit indicators are expected to surpass the previously issued forecast due to improvements in overseas market conditions, primarily for the chlor-alkali business.
Note: Forecasts are based on information available to the company as of the date of the news release. 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 and generated net sales of ¥786.1 billion (US$7.2 billion at the average rate of ¥108.7 to the US dollar) in fiscal 2020, ended March 31, 2020.
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.