Toho Titanium Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020; Provides Dividend Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020
July 25, 2019
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Toho Titanium Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 10,438 million against JPY 10,502 million a year ago. Operating income was JPY 789 million against JPY 1,129 million a year ago. Profit was JPY 459 million against JPY 977 million a year ago. Net income per share was JPY 6.47 against JPY 13.73 a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2019 and full year ending March 31, 2020. For the six months ending September 30, 2019, the company forecasts net sales of JPY 21,300 million, operating income of JPY 1,800 million and profit attributable to owners of parent of JPY 1,000 million or JPY 14.05 per share.
For the full year ending March 31, 2020, the company forecasts net sales of JPY 46,500 million, operating income of JPY 4,400 million and profit attributable to owners of parent of JPY 2,200 million or JPY 30.91 per share.
The company provided dividend guidance for the six months ending September 30, 2019 and full year ending March 31, 2020. The company expects second quarter end dividend of JPY 6 per share.
The company expects year-end dividend of JPY 6 per share for the full year ending March 31, 2020 compared to JPY 12 per share paid a year ago.
TOHO TITANIUM COMPANY, LIMITED is a Japan-based company mainly engaged in the metallic titanium business. The Company operates through two business segments. The Metallic Titanium segment is engaged in manufacture of sponge titanium, titanium ingot and high purity titanium. The Functional Chemicals segment is engaged in the manufacture of propylene polymerization catalysts, ultrafine nickel, high-purity titanium oxide, and other products.
Toho Titanium Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020; Provides Dividend Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020
TOHO TITANIUM CO., LTD. 
