Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published Announced on 30 January 2026The 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.
The revision reflects the recognition of a reversal of inventory write-downs in the nickel business due to lower inventory volumes and partial improvements in selling prices, as well as an increase in equity-method investment gains, mainly at an equity-method affiliate in the Philippines, supported by firm demand. Sales volumes of ferronickel products are expected to be slightly higher than in the previous plan, taking the decrease in inventory levels into account, while selling prices are expected to remain constrained to some extent and nickel ore, raw material, fuel, and electricity prices are expected to remain high.
| Item | Details |
|---|---|
| Net Sales | ¥9,138 million → ¥9,414 million（+3.0%） |
| Operating profit | ¥-6,507 million → ¥-4,971 million |
| Ordinary income | ¥199 million → ¥3,323 million |
| Profit attributable to owners of the parent | ¥-181 million → ¥2,610 million |
| Net income per share | -10.41 yen and sen → 146.04 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 30 January 2026 |
| Previous-period results | Net sales: ¥13,175 million; operating loss: ¥7,368 million; ordinary loss: ¥1,622 million; net loss attributable to owners of the parent: ¥1,667 million; net loss per share: ¥85.52 |
| Reason for the revision | The revision reflects the recognition of a reversal of inventory write-downs in the nickel business due to lower inventory volumes and partial improvements in selling prices, as well as an increase in equity-method investment gains, mainly at an equity-method affiliate in the Philippines, supported by firm demand. Sales volumes of ferronickel products are expected to be slightly higher than in the previous plan, taking the decrease in inventory levels into account, while selling prices are expected to remain constrained to some extent and nickel ore, raw material, fuel, and electricity prices are expected to remain high. |
| 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.The revisions mainly reflect the recognition of a reversal of inventory write-downs in the nickel business due to lower inventory volumes and partial improvements in selling prices, as well as an increase in equity-method investment gains at an equity-method affiliate in the Philippines, supported by firm demand. In addition, sales volumes of ferronickel products are expected to be slightly higher than in the previous plan, taking inventory levels into account, while selling prices are expected to remain constrained and nickel ore, raw material, fuel, and electricity prices are expected to remain high.