Toho Titanium revises FY2025 forecasts amid market headwinds

Toho Titanium reported differences between its first six months (interim period) fiscal year ending March 31, 2026, forecast and actual results. Net Sales (41,044 million yen) and Operating Income (1,324 million yen) were close to previous forecasts (41,700 million yen and 1,200 million yen, respectively). Ordinary Income (1,181 million yen) and Quarterly Net Income (699 million yen) exceeded expectations, attributed to a weaker yen and other factors.

However, the company revised its full fiscal year 2025 consolidated financial forecasts. Net Sales are now projected at 81,300 million yen, down from 92,300 million yen, due to prolonged inventory adjustments in the titanium metal business and slower-than-anticipated recovery in the chemicals business. Despite the sales decline, Operating Income (4,000 million yen), Ordinary Income (3,600 million yen), and Net Income attributable to owners of parent (1,900 million yen) are expected to remain aligned with the previous forecast, as the depreciating yen is anticipated to offset negative sales volume impacts.