Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Ferronickel sales volumes decreased 2.4% year on year, but the applicable average exchange rate reflected a 7.9% weaker yen and the applicable LME nickel price increased 16.4%, resulting in higher selling prices. The operating loss was ¥4,009 million, partly due to the recognition of inventory write-downs, while ordinary income was ¥957 million and interim net income attributable to owners of the parent was ¥645 million, due in part to investment income under the equity method of ¥4,672 million.
None ("There are no applicable matters")
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 5,449 Million yen (YoY +22.1%) |
| Operating profit | -4,009 Million yen |
| Ordinary income | 957 Million yen |
| Profit attributable to owners of the parent | 645 Million yen |
| Net income per share | ¥37.13 |
| Equity ratio | End of the current fiscal period 92.7 / End of previous period 93.5 |
| Total assets | 67,100 Million yen |
| Net assets | 62,410 Million yen |
| Full-year earnings forecast | Net Sales 11,188 Million yen (YoY +18.8%) / Operating profit -6,035 Million yen / Ordinary income 1,831 Million yen (YoY -44.9%) / Profit attributable to owners of the parent 1,321 Million yen (YoY -49.4%) |
| Revision to Earnings Forecast | Net Sales 10,618 Million yen → 11,188 Million yen（+5.4%） / Operating profit -6,185 Million yen → -6,035 Million yen / Ordinary income 698 Million yen → 1,831 Million yen（+162.3%） / Profit attributable to owners of the parent 134 Million yen → 1,321 Million yen（+885.8%） |
| Annual Dividend Forecast | 135 Yen → 130 Yen |
| Segment revenue | Nickel Business 4,948 Million yen (YoY +21.2%) / Gas Business 402 Million yen (YoY -1.2%) / Other 137 Million yen |
| Segment profit | Nickel Business -3,802 Million yen / Gas Business -38 Million yen / Other -174 Million yen |
| Impairment loss | None recognized in the current interim period (¥4 million in the previous interim period) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on changes in equity 107 Million yen / Extraordinary loss Loss on disposal of property, plant and equipment 10 Million yen |
| Disclosure regarding the going concern assumption | None ("There are no applicable matters") |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts |
| Issued Shares at Period-End | 19,577,071 shares |
| Treasury Shares at Period-End | 2,181,720 shares |
| Factors Behind Changes in Business Performance | Ferronickel sales volumes decreased 2.4% year on year, but the applicable average exchange rate reflected a 7.9% weaker yen and the applicable LME nickel price increased 16.4%, resulting in higher selling prices. The operating loss was ¥4,009 million, partly due to the recognition of inventory write-downs, while ordinary income was ¥957 million and interim net income attributable to owners of the parent was ¥645 million, due in part to investment income under the equity method of ¥4,672 million. |
Items this document does not state (11)
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.While ferronickel selling prices increased due to the weaker yen and higher LME nickel prices, sales volumes were kept under control with an emphasis on profitability. The improvement in ordinary income and net income was attributable to factors including investment income under the equity method of ¥4,672 million. The revision to the full-year forecasts reflects the effects of sales volumes, selling prices, raw material and fuel prices, inventory write-downs, and investment income under the equity method, among other factors.