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Merf (3168) · TargetRestatedLatest Revision of earnings forecasts (2026-07-13): "Advanced"

Transforming the Operating Structure and Establishing an Optimal Business Portfolio

First written in FY2018. 12 of 15 entries say "Restated". Latest entry: 2026-07-13.

15entries
9years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – FY2024-Q2RestatedFY2025-H1 – FY2026-H12018: 12019: 020192020: 120202021: 320212022: 320222023: 120232024: 320242025: 120252026: 22026
Same theme, other companies
Maintaining smelting as a core business and restructuring into metal recyclingA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-13AdvancedRevision of earnings forecasts

    「The Group has made improving profit margins and strengthening cash flow its highest priorities and has further advanced its review of low-profitability transactions to reduce the working capital burden arising from persistently high raw material prices.」

    The company stated that it had further advanced its review of low-profitability transactions, giving concrete form to efforts to improve its operating structure and business portfolio.
  2. FY2026-H1RestatedAnnual report

    「There were no material changes during the interim consolidated accounting period to the Group’s management policies, management strategies or other matters.」

    The company has reaffirmed that there have been no material changes to its management policy of transforming its operating structure with nonferrous metal recycling as its core business and strengthening competitiveness and its business portfolio.
  3. FY2025-H1RestatedAnnual report

    「There were no material changes during the interim consolidated accounting period to the Group’s management policies, management strategies or other matters.」

    The company has reaffirmed that there have been no material changes to its management policy concerning the transformation of its operating structure with recycling as its core business and the strengthening of its business portfolio.
  4. FY2024-Q3AdvancedAnnual report

    「Meanwhile, by reviewing unprofitable projects, the operating margin improved by 2.2% versus the same quarter, and ordinary profit increased by ¥1,182 million versus the same quarter.」

    The company describes specific progress in improving its operating structure and business portfolio by reviewing unprofitable projects and projects with low profitability.
  5. FY2024-Q2RestatedAnnual report

    「During the second quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy of transforming its operating structure with nonferrous metal recycling as its core business and strengthening competitiveness and its business portfolio.
  6. FY2024-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company reconfirms that there were no material changes to its management policies, management strategies or related matters.
  7. FY2023-Q3RestatedAnnual report

    「During the third quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy and strategy of transforming its operating structure with recycling as its core business and strengthening competitiveness and its business portfolio.
  8. FY2022-Q3RestatedAnnual report

    「During the third quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy of transforming its operating structure with nonferrous metal recycling as its core business and strengthening competitiveness and its business portfolio.
  9. FY2022-Q2RestatedAnnual report

    「During the second quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy and strategy of transforming its operating structure with recycling as its core business and seeking an optimal business portfolio.
  10. FY2022-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy and strategy of transforming its operating structure with recycling as its core business and seeking an optimal business portfolio.
  11. FY2021RestatedAnnual report

    「In the nonferrous metals business, our group will transform its operating structure to strengthen competitiveness, with nonferrous metal recycling as its core business.」

    The company has reaffirmed its policy of making nonferrous metal recycling its core business, transforming its operating structure and strengthening competitiveness and its business portfolio.
  12. FY2021-Q3RestatedAnnual report

    「During the third quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company has reaffirmed that there have been no material changes to its management policy and strategy of transforming its operating structure with recycling as its core business and seeking an optimal business portfolio.
  13. FY2021-Q2RestatedAnnual report

    「During the second quarter of the current consolidated fiscal year, there were no material changes to the Group’s management policies, management strategies or other related matters.」

    The company reconfirms that there were no material changes to its management policies, management strategies or related matters.
  14. FY2020RestatedAnnual report

    「In the nonferrous metals business, our group will transform its operating structure to strengthen competitiveness, with nonferrous metal recycling as its core business.」

    The company has reaffirmed its policy of transforming its operating structure with recycling as its core business and seeking an optimal business portfolio.
  15. FY2018First statedAnnual report

    「In the nonferrous metals business, our group will transform its operating structure to strengthen competitiveness, with nonferrous metal recycling as its core business.」

    The company has stated for the first time its policy of making recycling its core business, transforming its operating structure to strengthen competitiveness and seeking to establish an optimal business portfolio.
Moved together

"Earnings pressure from falling copper prices" moved the same way as this thread, in the same document, in 2 of its 15 moves.

2222★1234
  1. ★This thread
  2. 1Earnings pressure from falling copper prices2×
  3. 2Strong demand for gold products and character merchandise2×
  4. 3Securing stable profits through product reviews and the use of hedging2×
  5. 4Maintaining the Current Level of the Art and Craft Business and Securing Stable Long-Term Profits2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Merf's next results are scheduled for 2026-10-14. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-07-13: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Transforming the Operating Structure and Establishing an Optimal Business Portfolio | MERF Inc. (3168) | Komori