Komori
Earnings presentation3036ALCONIX CORPORATIONTrading & Wholesale

ALCONIX CORPORATION Fiscal Year Ending March 2027 Second-Quarter Results Presentation

The first half of the fiscal year ending March 2027 saw substantial revenue and profit growth, driven by higher rare metal and copper prices and semiconductor-related demand. As a result, the full-year forecast was revised upward again from the figures announced in August, and the annual dividend forecast was raised to ¥102.

Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
35000
¥ million (increase from the full-year sales forecast announced in August)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales152,450 Millions of yen+49.4%
Operating profit13,496 Millions of yen+205.9%
Ordinary income13,883 Millions of yen+250.6%
Net income10,402 Millions of yen+304.2%
Operating profit margin8.9 %
Results for the three months of the current quarter
Net Sales
79,937 Millions of yen
Operating profit
6,565 Millions of yen
Ordinary income
6,739 Millions of yen
Net income
4,711 Millions of yen
Full-year earnings forecast
Net Sales
300,000 Millions of yen
Operating profit
20,500 Millions of yen
Ordinary income
20,000 Millions of yen
Net income
13,000 Millions of yen
EBITDA
25,500 Millions of yen
Earnings per share
432.03 Yen
Annual Dividend
102 Yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.8%
Operating profit65.8%
Ordinary income69.4%
Net income80.0%
EBITDA62.4%
By segmentElectronic Functional Materials: sales 54.2%, profit 77.9%; Aluminum and Copper: sales 51.9%, profit 91.4%; Equipment and Materials: sales 47.8%, profit 67.2%; Metal Processing: sales 48.6%, profit 54.1%; Total Trading and Distribution: sales 52.7%, profit 80.7%; Total Manufacturing: sales 48.1%, profit 59.1%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Volume factor¥94 100 million
  • Market conditions and margin improvement¥540 100 million
  • One-off factor (market prices rising above assumptions at the start of the fiscal year)¥117 100 million
  • Currency factor¥-121 100 million
  • Manufacturing segment, excluding foreign exchange factor¥341 100 million
  • SG&A expenses, excluding foreign exchange factor¥21 100 million
  • Non-Operating Gains and Losses¥2.1 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Aluminum market conditions3,100 US$/MT
  • Copper market conditions13,000 US$/MT
  • Nickel market conditions17,500 US$/MT
  • Foreign Exchange¥155 /US$
New initiatives
  • Another upward revision to the full-year earnings forecast
  • Increase in the dividend forecast and target of DOE of 4% or more
  • Construction of a new plant in 大笹生 by 大川電機製作所
  • Expansion of production facilities at 大羽精研
  • Investment in manufacturing equipment by ソーデカンザス
  • Investment in manufacturing equipment at the 銅陵 plant of ユニバーティカル
Key KPIsA metric the company considers important as a management benchmark.
  • Operating margin8.9 %
    Year on year against the same period last year+4.5%
    Year-on-year comparison unitPoints
  • Ordinary income margin9.1 %
    Year on year against the same period last year+5.2%
    Year-on-year comparison unitPoints
  • EBITDA15,907 Millions of yen
    Year-on-year (%)136.4
  • Shareholders' Equity ROE20.1 %
  • ROE14 %
  • ROIC10.5 %
  • Equity ratio38.5 %
  • Net debt-to-equity ratio0.5 Times
Segment results
  • Electronic Functional Materials
    Net Sales31,459
    Revenue UnitMillions of yen
    Revenue year-on-year_pct71.6
    Segment profit5,839
    Profit UnitMillions of yen
    Year-on-year profit_pct277.5
  • Aluminum and Copper
    Net Sales62,306
    Revenue UnitMillions of yen
    Revenue year-on-year_pct50.3
    Segment profit1,828
    Profit UnitMillions of yen
  • Equipment and Materials
    Net Sales34,382
    Revenue UnitMillions of yen
    Revenue year-on-year_pct51.4
    Segment profit2,686
    Profit UnitMillions of yen
    Year-on-year profit_pct494.3
  • Metal Processing
    Net Sales24,301
    Revenue UnitMillions of yen
    Revenue year-on-year_pct24.2
    Segment profit3,519
    Profit UnitMillions of yen
    Year-on-year profit_pct67.9
Medium-term management plan targets
Plan nameLong-Term Management Plan 2030
Target fiscal yearFiscal year ending March 2031
Ordinary income
15,000 Millions of yen
Shareholders' Equity ROE
12 % or higher
ROIC
8 % or higher
Financial targets
Shareholders' Equity ROE
Target>=12.0%
Actual results20.1
ROIC
Target>=8.0%
Actual results10.5
Equity ratio
Actual results38.5 %
Net debt-to-equity ratio
Actual results0.5 Times
Number of employees
Number of Employees3,098 people
As ofConsolidated, as of 31 March 2026
Capital expenditures
¥3,206 million acquisition of tangible and intangible fixed assets and other investments, first half
Annual Dividend
Annual102 Yen
Interim51 Yen
End of period51 Yen
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales152,450 Millions of yen (YoY +49.4%)
Operating profit13,496 Millions of yen (YoY +205.9%)
Ordinary income13,883 Millions of yen (YoY +250.6%)
Net income10,402 Millions of yen (YoY +304.2%)
Operating profit margin8.9 %
Results for the three months of the current quarterNet Sales 79,937 Millions of yen / Operating profit 6,565 Millions of yen / Ordinary income 6,739 Millions of yen / Net income 4,711 Millions of yen
Full-year earnings forecastNet Sales 300,000 Millions of yen / Operating profit 20,500 Millions of yen / Ordinary income 20,000 Millions of yen / Net income 13,000 Millions of yen / EBITDA 25,500 Millions of yen / Earnings per share 432.03 Yen / Annual Dividend 102 Yen
Progress against full-year forecastNet Sales 50.8% / Operating profit 65.8% / Ordinary income 69.4% / Net income 80.0% / EBITDA 62.4% / By segment Electronic Functional Materials: sales 54.2%, profit 77.9%; Aluminum and Copper: sales 51.9%, profit 91.4%; Equipment and Materials: sales 47.8%, profit 67.2%; Metal Processing: sales 48.6%, profit 54.1%; Total Trading and Distribution: sales 52.7%, profit 80.7%; Total Manufacturing: sales 48.1%, profit 59.1%
Segment resultsSegment Electronic Functional Materials / Net Sales 31,459 / Revenue Unit Millions of yen / Revenue year-on-year_pct 71.6 / Segment profit 5,839 / Profit Unit Millions of yen / Year-on-year profit_pct 277.5, Segment Aluminum and Copper / Net Sales 62,306 / Revenue Unit Millions of yen / Revenue year-on-year_pct 50.3 / Segment profit 1,828 / Profit Unit Millions of yen, Segment Equipment and Materials / Net Sales 34,382 / Revenue Unit Millions of yen / Revenue year-on-year_pct 51.4 / Segment profit 2,686 / Profit Unit Millions of yen / Year-on-year profit_pct 494.3, Segment Metal Processing / Net Sales 24,301 / Revenue Unit Millions of yen / Revenue year-on-year_pct 24.2 / Segment profit 3,519 / Profit Unit Millions of yen / Year-on-year profit_pct 67.9
Breakdown of Factors Affecting the ChangeFactors Volume factor / Amount ¥94 100 million, Factors Market conditions and margin improvement / Amount ¥540 100 million, Factors One-off factor (market prices rising above assumptions at the start of the fiscal year) / Amount ¥117 100 million, Factors Currency factor / Amount ¥-121 100 million, Factors Manufacturing segment, excluding foreign exchange factor / Amount ¥341 100 million, Factors SG&A expenses, excluding foreign exchange factor / Amount ¥21 100 million, Factors Non-Operating Gains and Losses / Amount ¥2.1 100 million
Key KPIsIndicator name Operating margin / Value 8.9 % / Year on year against the same period last year 4.5 % / Year-on-year comparison unit Points, Indicator name Ordinary income margin / Value 9.1 % / Year on year against the same period last year 5.2 % / Year-on-year comparison unit Points, Indicator name EBITDA / Value 15,907 Millions of yen / Year-on-year (%) 136.4 Millions of yen, Indicator name Shareholders' Equity ROE / Value 20.1 %, Indicator name ROE / Value 14 %, Indicator name ROIC / Value 10.5 %, Indicator name Equity ratio / Value 38.5 %, Indicator name Net debt-to-equity ratio / Value 0.5 Times
Number of employeesNumber of Employees 3,098 people / As of Consolidated, as of 31 March 2026
Assumptions Underlying the Business OutlookItem Aluminum market conditions / Value 3,100 US$/MT, Item Copper market conditions / Value 13,000 US$/MT, Item Nickel market conditions / Value 17,500 US$/MT, Item Foreign Exchange / Value ¥155 /US$
Medium-term management plan targetsPlan name Long-Term Management Plan 2030 / Target fiscal year Fiscal year ending March 2031 / Ordinary income 15,000 Millions of yen / Shareholders' Equity ROE 12 % or higher / ROIC 8 % or higher
Financial targetsShareholders' Equity ROE Target >=12.0% / Actual results 20.1 / ROIC Target >=8.0% / Actual results 10.5 / Equity ratio Actual results 38.5 % / Net debt-to-equity ratio Actual results 0.5 Times
Annual DividendAnnual 102 Yen / Interim 51 Yen / End of period 51 Yen
Capital expenditures¥3,206 million (acquisition of tangible and intangible fixed assets and other investments, first half)
New initiativesAnother upward revision to the full-year earnings forecast, Increase in the dividend forecast and target of DOE of 4% or more, Construction of a new plant in 大笹生 by 大川電機製作所, Expansion of production facilities at 大羽精研, Investment in manufacturing equipment by ソーデカンザス, Investment in manufacturing equipment at the 銅陵 plant of ユニバーティカル
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders 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.

Demand was strong, supported by soaring rare metal and copper prices, demand to secure inventories of nonferrous metal recycling materials, and semiconductor-related demand driven by AI and data center investment. Semiconductor-related materials and electrical equipment materials in North America, as well as components for semiconductor manufacturing and assembly equipment, also contributed to profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
ALCONIX CORPORATION Fiscal Year Ending March 2027 Second-Quarter Results Presentation | ALCONIX CORPORATION (3036) timely disclosure | Komori