Worth reading
49Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
326.59
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 February 2026–30 April 2026ConsolidatedJapanese GAAPNet Sales18,849¥ millionYear on year +326.6%Progress 39.0%
Operating profit69¥ millionProgress 8.8%
Ordinary income64¥ millionProgress 9.0%
Net income attributable to owners of the parent9¥ million
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥0.17
Financial position at period-end
Total assets16,449¥ million
of which net assets 4,165 ¥ millionEquity ratio 20.4%vs. prior year-end -3.8pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueMetal recycling business ¥17,540,707 thousand (YoY +344.7%), Plastic Recycling Business ¥414,574 thousand (YoY -1.1%), Real estate-related services business ¥162,532 thousand (YoY +173.7%), Other ¥731,670 thousand
Segment profitMetal recycling business ¥159,095 thousand (YoY +43.1%), Plastic Recycling Business ¥-1,236 thousand, Real estate-related services business ¥102,994 thousand, Other ¥59,024 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥48,330 million (YoY +73.0%)
Operating profit¥784 million (YoY +32.2%)
Ordinary income¥715 million (YoY +31.7%)
Profit attributable to owners of the parent¥202 million (YoY +108.3%)
Annual Dividend Forecast¥0 → ¥0（0.0%）
Factors Behind Changes in Business Performance
The Company continued domestic sales and overseas exports of waste plastic and waste metal scrap products, working to expand the scale of its operations. Ryūichi Shōji was included in the consolidated results from 1 October 2025, while Sakae Shin Shōji's income statement has been consolidated from the current consolidated fiscal year.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies (company name: —) / Excluded 0 companies (company name: —)
Material subsequent eventsOn 4 June 2026, 1,000,000 stock acquisition rights from the seventh series were exercised, increasing the number of issued shares by 1,000,000 to 54,877,500 shares.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥171 thousand / Extraordinary loss Litigation-Related Costs ¥4,775 thousand
Depreciation and amortization¥140,348 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End53,877,500 shares
Treasury Shares at Period-End58,200 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 February 2026–30 April 2026 |
| Net Sales | ¥18,849 million (YoY +326.6%) |
| Operating profit | ¥69 million |
| Ordinary income | ¥64 million |
| Profit attributable to owners of the parent | ¥9 million |
| Net income per share | ¥0.17 |
| Equity ratio | End of the current fiscal period 20.41 / End of previous period 24.25 |
| Total assets | ¥16,449 million |
| Net assets | ¥4,165 million |
| Full-year earnings forecast | Net Sales ¥48,330 million (YoY +73.0%) / Operating profit ¥784 million (YoY +32.2%) / Ordinary income ¥715 million (YoY +31.7%) / Profit attributable to owners of the parent ¥202 million (YoY +108.3%) |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Metal recycling business ¥17,540,707 thousand (YoY +344.7%), Plastic Recycling Business ¥414,574 thousand (YoY -1.1%), Real estate-related services business ¥162,532 thousand (YoY +173.7%), Other ¥731,670 thousand |
| Segment profit | Metal recycling business ¥159,095 thousand (YoY +43.1%), Plastic Recycling Business ¥-1,236 thousand, Real estate-related services business ¥102,994 thousand, Other ¥59,024 thousand |
| Depreciation and amortization | ¥140,348 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥171 thousand / Extraordinary loss Litigation-Related Costs ¥4,775 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies (company name: —) / Excluded 0 companies (company name: —) |
| Material subsequent events | On 4 June 2026, 1,000,000 stock acquisition rights from the seventh series were exercised, increasing the number of issued shares by 1,000,000 to 54,877,500 shares. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 53,877,500 shares |
| Treasury Shares at Period-End | 58,200 shares |
| Factors Behind Changes in Business Performance | The Company continued domestic sales and overseas exports of waste plastic and waste metal scrap products, working to expand the scale of its operations. Ryūichi Shōji was included in the consolidated results from 1 October 2025, while Sakae Shin Shōji's income statement has been consolidated from the current consolidated fiscal year. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.The Company explained that it continued domestic sales and overseas exports of waste plastic and waste metal scrap products, working to expand the scale of its operations. It also stated that Ryūichi Shōji was included in the consolidated results from partway through the previous fiscal year, while Sakae Shin Shōji's income statement has been consolidated from the current fiscal year.
How to read this page
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