Revised forecast
Fiscal year ending March 2027 · Six months and full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Uncertainty remains high due to the stagnation of China's property market, movements in the financial and capital markets, U.S. tariff measures and the situations in Ukraine and the Middle East. The company will continue to restrain ferronickel sales volumes, and while selling prices are expected to remain subdued to some extent, nickel ore prices and raw material and fuel, and electricity prices are expected to remain high, resulting in higher costs. The company expects additional recognition of inventory carrying value write-downs in the first half and a reversal in the second half as the write-down is reduced.
For the fiscal year ended March 2026, impairment loss of ¥265 million, loss on disposal of fixed assets of ¥15 million and total extraordinary losses of ¥281 million were recognized.
| Item | Details |
|---|---|
| Net Sales | Not disclosed → ¥10,484 million（+11.4%） |
| Operating profit | Not disclosed → ¥-6,006 million |
| Ordinary income | Not disclosed → ¥704 million（-78.8%） |
| Profit attributable to owners of the parent | Not disclosed → ¥158 million（-93.9%） |
| Net income per share | Not disclosed → 9.09 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Previous-period results | Fiscal year ended March 2026 results: net sales of ¥9,414 million, operating loss of ¥4,971 million, ordinary income of ¥3,323 million, net income attributable to owners of the parent of ¥2,610 million, and net income per share of ¥146.04 |
| Reason for the revision | Uncertainty remains high due to the stagnation of China's property market, movements in the financial and capital markets, U.S. tariff measures and the situations in Ukraine and the Middle East. The company will continue to restrain ferronickel sales volumes, and while selling prices are expected to remain subdued to some extent, nickel ore prices and raw material and fuel, and electricity prices are expected to remain high, resulting in higher costs. The company expects additional recognition of inventory carrying value write-downs in the first half and a reversal in the second half as the write-down is reduced. |
| Details and amount of extraordinary loss | For the fiscal year ended March 2026, impairment loss of ¥265 million, loss on disposal of fixed assets of ¥15 million and total extraordinary losses of ¥281 million were recognized. |
| Dividend forecast revision | For the fiscal year ending March 2027, the company forecasts an interim dividend of ¥65, a year-end dividend of ¥65 and an annual dividend of ¥130. This is a ¥5 reduction from the annual dividend of ¥135 for the fiscal year ended March 2026. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 cited heightened uncertainty arising from the stagnation of China's property market, U.S. tariff measures and the situations in Ukraine and the Middle East, as well as its continued policy of restraining ferronickel sales volumes. While selling prices are expected to remain subdued, nickel ore, raw material and fuel, and electricity prices are expected to remain high, resulting in higher costs. Regarding the write-down of inventory carrying values, the company expects additional recognition in the first half and a reversal in the second half as the write-down is reduced.