Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 14 August 2026 (interim period), 15 May 2026 (full year)The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Gold and platinum prices remained on a downward trend, an inventory valuation loss of ¥344 million was recognized, and deferred tax assets were reduced following a cautious review of their recoverability, resulting in the recognition of a ¥112 million loss under income taxes—deferred. For the full year, precious metal prices are expected to remain weak due to US real interest rates and foreign exchange trends, among other factors.
| Item | Details |
|---|---|
| Net Sales | Interim period 146,000 / Full year 300,000 → Interim period 146,263 / Full year 278,000（Interim period 0.2 / Full year -7.3） |
| Operating profit | Interim period 260 / Full year 1,770 → Interim period -435 / Full year 200（Interim period Not disclosed / Full year -88.7） |
| Ordinary income | Interim period 200 / Full year 1,600 → Interim period -532 / Full year 30（Interim period Not disclosed / Full year -98.1） |
| Profit attributable to owners of the parent | Interim period 10 / Full year 1,000 → Interim period -651 / Full year -100 |
| Net income per share | Interim period 0.7 / Full year 69.46 → Interim period -45.37 / Full year -6.96 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 14 August 2026 (interim period), 15 May 2026 (full year) |
| Previous-period results | Interim period Second quarter of the fiscal year ended March 2026: revenue ¥112,748 million, operating income ¥798 million, ordinary income ¥722 million, interim net income attributable to owners of the parent ¥718 million, interim net income per share ¥49.89 / Full year Fiscal year ended March 2026: revenue ¥281,692 million, operating income ¥2,445 million, ordinary income ¥2,289 million, net income attributable to owners of the parent ¥1,513 million, net income per share ¥105.14 |
| Reason for the revision | Gold and platinum prices remained on a downward trend, an inventory valuation loss of ¥344 million was recognized, and deferred tax assets were reduced following a cautious review of their recoverability, resulting in the recognition of a ¥112 million loss under income taxes—deferred. For the full year, precious metal prices are expected to remain weak due to US real interest rates and foreign exchange trends, among other factors. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.During the interim period, revenue remained solid as collection volumes of recycled materials and plant utilization were high. However, profit fell below forecast due to declines in gold and platinum prices, the recognition of an inventory valuation loss of ¥344 million and the recognition of a ¥112 million loss under income taxes—deferred, following a cautious review of the recoverability of deferred tax assets, among other factors. For the full year, precious metal prices are expected to remain weak due to US real interest rates and foreign exchange trends, among other factors.