TODA KOGYO <4100> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 on the 11th. Revenue increased by 14.5% year-on-year to 14.508 billion yen, with an operating loss of 0.267 billion yen (compared to a loss of 0.011 billion yen in the same period last year), a recurring loss of 0.266 billion yen (compared to a profit of 0.97 billion yen), and a net loss attributable to shareholders of the parent company of 0.879 billion yen (compared to a profit of 0.801 billion yen in the same period last year).

The revenue from the functional pigments business decreased by 6.7% year-on-year to 3.963 billion yen, with segment profit down 19.8% to 0.437 billion yen. Due to the slow recovery of the market for some products used in copiers and printers, as well as recording materials, revenue and profit decreased.

The revenue from the electronic materials business increased by 24.9% year-on-year to 10.806 billion yen, while segment profit decreased by 25.2% to 0.771 billion yen. Although orders for LIB materials from the company's consolidated subsidiary engaged in manufacturing were sharply declined due to the slowdown in the growth of the EV market, the demand for magnetic materials and dielectric materials remained strong, and the transition to consolidation of TODA IS CORPORATION and strong business performance contributed to the increase in revenue. However, due to the stunk demand for LIB materials, segment profit decreased.

On the same day, a revision of the consolidated business forecasts for the full fiscal year ending March 2025 was announced. Revenue is expected to be 29.5 billion yen, an increase of 12.4% compared to the previous period (7.8% lower than the previous forecast), with an operating loss of 0.1 billion yen (down 0.8 billion yen from the previous forecast), a recurring loss of 0.4 billion yen (down 1.5 billion yen from the same), and a net loss attributable to shareholders of the parent company of 1.3 billion yen (down 1.9 billion yen).