TOKYO, May 14 (Pulse News Wire) – Toho Zinc CO.,LTD. (5707.T) reported its fiscal year 2026 (April 1, 2025 to March 31, 2026) results, showing significant improvements compared to previous forecasts.
Revenue reached ¥1 billion, surpassing the earlier estimate of ¥1 billion. Operating profit stood at ¥123.0 billion, up from the projected ¥85 billion, while ordinary profit was -¥101.2 million, exceeding the forecast of ¥61 billion. Net income attributable to shareholders increased to ¥2,082 per share, marking a substantial rise from the estimated ¥1,175 per share. The positive performance was driven by higher-than-expected metal prices, particularly lead and silver, which contributed significantly to the refining division's profitability. Additionally, the recycling division benefited from asset sales resulting from restructuring efforts in zinc refining operations.
In detail, lead prices averaged $1,953 per tonne, surpassing the initial projection of $1,931. Silver prices also exceeded expectations, averaging $53.1 per ounce compared to the forecasted $48.0. Favorable exchange rates further bolstered profits, with the average dollar rate at ¥150.80, slightly below the anticipated ¥150.50. Segmental analysis revealed robust growth across various divisions. Environmental recycling saw a 45.9% increase, contributing substantially to overall gains.
Other segments such as electronic materials and functional materials also showed steady improvement, reflecting the company’s diversified approach to revenue generation.
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