Worth reading
32Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
99
¥ million (year-on-year decrease in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending December 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,090 million-8.4%
Operating profit¥35 million-64.4%
Ordinary income¥74 million-26.2%
Net income¥38 million-41.2%
Results for the three months of the current quarterRevenue of ¥1,090 million, operating profit of ¥35 million, ordinary profit of ¥74 million, and net income attributable to owners of the parent of ¥38 million (January–March 2026)
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Decrease in revenue: order delays for the Cyano Project and a decrease in the volume of circular materials handled in Japan. Decrease in operating profit: upfront investments, including AI investment, for product development and organizational capability enhancement. Ordinary profit: despite the decrease in operating profit, the impact of equity-method investment income and foreign exchange gains related to the Malaysian business, among other factors
New initiatives
Launch of SEA; upgrading and improving the efficiency of sales discussions using AI; a group-wide sales strategy; development of Circular 3.0; development and rollout of new circular materials using AI; an energy business in Malaysia using unused biomass; and preparations to open a circular materials manufacturing facility in IndonesiaKey KPIsA metric the company considers important as a management benchmark.
Consulting project orders: below the year-ago level. Circular materials manufacturing and supply services: inbound and outbound shipments of cement raw materials and transactions in marketable materials decreased, while shipments of recycled silicon increased. FSC CoC certification: new orders slowed. MSC/ASC CoC certification: continued to receive new ordersMedium-term management plan targets
To achieve the 2030 Vision, position FY2026–FY2027 as the market expansion phaseNumber of stores and locations
Opened the first MEGURU STATION® in Kameoka, Kyoto Prefecture, and the third in Buzen, Fukuoka Prefecture| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥1,090 million (YoY -8.4%) |
| Operating profit | ¥35 million (YoY -64.4%) |
| Ordinary income | ¥74 million (YoY -26.2%) |
| Net income | ¥38 million (YoY -41.2%) |
| Results for the three months of the current quarter | Revenue of ¥1,090 million, operating profit of ¥35 million, ordinary profit of ¥74 million, and net income attributable to owners of the parent of ¥38 million (January–March 2026) |
| Breakdown of Factors Affecting the Change | Decrease in revenue: order delays for the Cyano Project and a decrease in the volume of circular materials handled in Japan. Decrease in operating profit: upfront investments, including AI investment, for product development and organizational capability enhancement. Ordinary profit: despite the decrease in operating profit, the impact of equity-method investment income and foreign exchange gains related to the Malaysian business, among other factors |
| Key KPIs | Consulting project orders: below the year-ago level. Circular materials manufacturing and supply services: inbound and outbound shipments of cement raw materials and transactions in marketable materials decreased, while shipments of recycled silicon increased. FSC CoC certification: new orders slowed. MSC/ASC CoC certification: continued to receive new orders |
| Number of stores and locations | Opened the first MEGURU STATION® in Kameoka, Kyoto Prefecture, and the third in Buzen, Fukuoka Prefecture |
| Medium-term management plan targets | To achieve the 2030 Vision, position FY2026–FY2027 as the market expansion phase |
| New initiatives | Launch of SEA; upgrading and improving the efficiency of sales discussions using AI; a group-wide sales strategy; development of Circular 3.0; development and rollout of new circular materials using AI; an energy business in Malaysia using unused biomass; and preparations to open a circular materials manufacturing facility in Indonesia |
Items this document does not state (19)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.It took time to respond to heightened geopolitical risks and changes in the market structure, delaying orders for the Cyano Project. The volume of circular materials handled in Japan also decreased. Operating profit declined because, in addition to lower revenue, the Company continued to make upfront investments, including AI investment, to develop products and strengthen organizational capabilities.
How to read this page
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