DOWA HOLDINGS CO., LTD.
Feburary 5, 2016
DOWA HOLDINGS CO., LTD.
DOWA HOLDINGS CO., LTD. has revised its full-year consolidated financial forecasts for fiscal 2015 (April 1, 2015 to March 31, 2016), which were announced on November 6, 2015, in light of the recent performance. Details are as follows:
1. Revisions of Consolidated Financial Forecasts
Revisions to Consolidated Forecasts for Fiscal 2015 (April 1, 2015 to March 31, 2016)
(Millions of Yen)
| Net Sales | Operating Income |
Ordinary Income | Profit attributable to owners of parent |
Net Income per Share (Yen) | |
|---|---|---|---|---|---|
|
Previous Forecast (A) (Announced on November 6, 2015) | 418,000 | 38,500 | 38,500 | 22,500 | 76.03 |
| Revised Forecast (B) | 410,000 | 35,500 | 35,000 | 21,000 | 70.96 |
| Difference (B-A) | (8,000) | (3,000) | (3,500) | (1,500) | - |
| Percentage Change (%) | (1.9%) | (7.8%) | (9.1%) | (6.7%) | - |
|
(Ref.) Previous Fiscal Year Results (Year Ended March 31, 2015) | 464,219 | 39,094 | 42,037 | 26,543 | 89.69 |
2. Reasons for the Revisions
Since the release of the Group's previous business forecasts, prices of non-ferrous metals such as copper and zinc have fallen further. Demand for applications in multifunctional portable devices and industrial machinery is trending downwards, reflecting a slowdown in economic growth in China, Southeast Asia and elsewhere. In light of these factors, the Group revised its previous full-year business forecasts.
Assumptions on which the financial forecasts were based were as follows:
|
Previous Forecast (Assumptions for the Second Half Average) Announced on November 6, 2015 |
Revised Forecast (Assumptions for the Second Half Average) |
Revised Forecast (Assumptions for the Fourth Quarter) | |
|---|---|---|---|
| Exchange Rates (Yen/US$) | 120.0 | 120.8 | 120.0 |
| Copper (US$ per ton) | 5,000 | 4,693 | 4,500 |
| Zinc (US$ per ton) | 1,800 | 1,555 | 1,500 |
| Indium (US$ per kg) | 300 | 233 | 230 |
(Notes) The above forecasts are made based on information available at the time of the announcement and certain assumptions that the Company considers reasonable. Actual performance and other results may differ significantly from the forecasts, due to a variety of factors.
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Dowa Holdings Co. Ltd. issued this content on 05 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2016 11:50:15 UTC
Original Document: http://www.dowa.co.jp/en/ir/news/2015/20160205.html
