Enhancing Profitability and Low-Cost Operations

「As a result, consolidated results for the first-quarter cumulative period consisted of net sales of ¥2,470 million, an increase of 32.5% year on year. In terms of profit and loss, the company recorded an operating loss of ¥882 million, including the reversal of inventory write-downs, compared with an operating loss of ¥3,067 million in the same period of the previous year. However, due mainly to the recording of equity in earnings of affiliates of ¥1,002 million as non-operating income, ordinary income was ¥421 million, compared with an ordinary loss of ¥2,222 million in the same period of the previous year, and profit attributable to owners of the parent was ¥322 million, compared with a net loss attributable to owners of the parent of ¥2,232 million.」

「The operating loss was ¥4,971 million, an improvement of ¥2,397 million from the previous fiscal year. This was mainly because, although substantial inventory write-downs were recorded in cost of sales in the previous fiscal year, inventory write-downs were smaller in the current fiscal year due in part to lower inventory levels.」

「Although the business environment remains challenging, we are working to improve performance and stabilize earnings by rigorously focusing on orders based on profitability, establishing a flexible production and sales structure, and strengthening operational efficiency improvements in pursuit of minimum costs. … The operating loss was ¥4,042 million (operating loss of ¥4,468 million in the previous interim period)」

「The operating loss was ¥7,368 million, an improvement of ¥1,745 million from the previous fiscal year. This was mainly because, although substantial inventory write-downs were recorded in cost of sales in the previous fiscal year, inventory write-downs were smaller in the current fiscal year due in part to lower inventory levels.」

「As a result, consolidated net sales for the six-month interim period were ¥7,835 million, down 3.1% from the previous interim period. On the earnings front, cost of sales decreased due to the reversal of inventory write-downs, but the impact of lower sales was significant and the operating loss was ¥4,468 million (operating loss of ¥6,194 million in the previous interim period)」

「Operating loss was ¥9,114 million (operating loss of ¥12,588 million in the previous fiscal year)」

「Although the business environment has changed rapidly, as described above, we are rigorously focusing on orders based on profitability and working to establish a flexible production and sales structure. We are also continuing initiatives to improve performance and stabilize earnings, including the early realization of overseas business expansion and new business development, efforts to reduce GHG emissions toward carbon neutrality, and strengthened measures to improve operational efficiency in pursuit of minimum costs. As a result, consolidated net sales for the nine months ended 31 December were ¥11,926 million, down 56.7% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥8,236 million (operating loss of ¥6,718 million in the same period of the previous year)」

「As a result, consolidated net sales for the six months ended 30 September were ¥8,083 million, down 54.2% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥6,194 million (operating loss of ¥4,464 million in the same period of the previous year)」

「As a result, consolidated net sales for the three months ended 30 June were ¥4,217 million, down 61.2% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥3,292 million (operating income of ¥1,509 million in the same period of the previous year)」

「As a result, consolidated net sales for the fiscal year were ¥34,852 million, down 39.0% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥12,588 million (operating income of ¥4,806 million in the previous fiscal year)」

「As described above, the effects of infectious diseases, the situation in Ukraine and other factors are expected to continue, but we are continuously implementing measures to address this highly uncertain business environment. To further strengthen our earnings base, we are rigorously focusing on orders based on profitability and working to establish a flexible production and sales structure. We are also continuing initiatives to improve performance and stabilize earnings, including the early realization of overseas business expansion and new mine development, and strengthening measures to improve operational efficiency in pursuit of minimum costs. As a result, consolidated net sales for the nine months ended 31 December were ¥27,518 million, down 33.8% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥6,718 million (operating income of ¥2,506 million in the same period of the previous year)」

「As described above, the effects of infectious diseases, the situation in Ukraine and other factors are expected to continue, but we are continuously implementing measures to address this highly uncertain business environment. To further strengthen our earnings base, we are promoting total cost reductions through energy-efficient, low-cost production and other initiatives, strengthening facilities to establish an optimal production structure, working toward the long-term, stable procurement of ore, and rigorously focusing on orders based on profitability, while working to establish a flexible production and sales structure. As a result, consolidated net sales for the six months ended 30 September were ¥17,642 million, down 26.8% year on year. On the earnings front, in addition to the impact of lower sales, cost of sales increased due in part to inventory write-downs resulting from lower inventory profitability, and the operating loss was ¥4,464 million (operating income of ¥952 million in the same period of the previous year)」

「As a result, consolidated net sales for the cumulative first quarter of the fiscal year were ¥10,857 million, down 3.7% year on year. In terms of earnings, operating profit was ¥1,509 million, up 936.2% year on year」

「To further strengthen its earnings base, the Company is pursuing total cost reductions through energy-efficient, low-cost production and other measures, equipment enhancements to establish an optimal production structure, and initiatives to secure stable long-term ore supplies. It is also thoroughly prioritizing orders based on profitability and working to establish a flexible production and sales structure.」

「To further strengthen its earnings base, the Company has promoted total cost reductions through energy savings and low-cost production, enhanced facilities to establish an optimal production structure, worked to secure a stable long-term supply of ore, and focused rigorously on orders based on profitability while building a flexible production and sales structure. It has also continued initiatives to improve performance and stabilize earnings, including accelerating overseas business expansion and new mine development and strengthening measures to improve operational efficiency in pursuit of minimum costs. As a result, consolidated net sales for the cumulative third quarter of the fiscal year were ¥41,554 million, up 80.6% year on year. In terms of earnings, operating profit was ¥2,506 million, compared with an operating loss of ¥365 million in the same quarter of the previous year」

「As a result, consolidated net sales for the cumulative second quarter of the fiscal year were ¥24,098 million, up 81.7% year on year. In terms of earnings, operating profit was ¥952 million, compared with an operating loss of ¥53 million in the same quarter of the previous year. Including ¥2,642 million in equity-method investment gains recognized under non-operating income, ordinary profit was ¥3,995 million, up 208.8% year on year, and net income attributable to owners of the parent was ¥3,405 million, up 170.2% year on year.」

「Amid an operating environment that remains uncertain, the Group established guidelines for preventing the spread of infectious diseases and has worked to prevent infections, while seeking to mitigate their impact on business activities through timely and appropriate communication with the countries where its customers and suppliers are located. Although the impact of infectious diseases is expected to continue during the consolidated fiscal year, the Group has continued implementing measures to address this business environment. To further strengthen its earnings base, it has promoted total cost reductions through energy savings and low-cost production, enhanced facilities to establish an optimal production structure, worked to secure a stable long-term supply of ore, and focused rigorously on orders based on profitability while building a flexible production and sales structure. It has also continued initiatives to improve performance and stabilize earnings, including accelerating overseas business expansion and new mine development and strengthening measures to improve operational efficiency in pursuit of minimum costs. As a result, consolidated net sales for the cumulative first quarter of the fiscal year were ¥11,280 million, up 97.6% year on year. In terms of earnings, operating profit was ¥145 million, compared with an operating loss of ¥1,034 million in the same quarter of the previous year. Including ¥949 million in equity-method investment gains recognized under non-operating income, ordinary profit was ¥1,327 million, compared with an ordinary loss of ¥437 million in the same quarter of the previous year. Net income attributable to owners of the parent was ¥1,132 million, compared with a net loss attributable to owners of the parent of ¥448 million in the same quarter of the previous year.」

「As a result, consolidated net sales for the cumulative third quarter of the fiscal year were ¥23,004 million, down 33.9% year on year. In terms of earnings, including partial reversals of inventory write-downs recognized in the previous consolidated fiscal year due to lower inventory profitability, the operating loss was ¥365 million, compared with operating profit of ¥1,336 million in the same quarter of the previous year」

「Amid an operating environment that remains uncertain, the Group established guidelines for preventing the spread of COVID-19 and has worked to prevent infections, while seeking to mitigate the impact of the disease on business activities through timely and appropriate communication with the countries where its customers and suppliers are located. Although the impact of COVID-19 is expected to continue during the consolidated fiscal year, the Group has continued implementing measures to address this business environment. To further strengthen its earnings base, it has worked to promote total cost reductions through energy savings and low-cost production, enhance facilities to establish an optimal production structure, secure a stable long-term supply of ore, and build an agile sales structure by leveraging product advantages. It has also continued initiatives to improve performance and stabilize earnings, including accelerating overseas business expansion and new mine development and strengthening measures to improve operational efficiency in pursuit of minimum costs. As a result, consolidated net sales for the cumulative second quarter of the fiscal year were ¥13,262 million, down 39.9% year on year. In terms of earnings, including partial reversals of inventory write-downs recognized in the previous consolidated fiscal year due to lower inventory profitability, the operating loss was ¥53 million, compared with operating profit of ¥164 million in the same quarter of the previous year.」

「As a result, consolidated net sales for the cumulative first quarter of the fiscal year were ¥5,708 million, down 50.9% year on year. In terms of earnings, including partial reversals of inventory write-downs recognized in the previous consolidated fiscal year due to lower inventory profitability, the operating loss was ¥1,034 million, compared with an operating loss of ¥991 million in the same quarter of the previous year」

「The Company has promoted total cost reductions through energy savings and low-cost production, worked to enhance facilities to establish an optimal production structure and secure a stable long-term supply of ore, and worked to build an agile sales structure by leveraging product advantages. It has also carried out organizational restructuring to accelerate these initiatives」

「Amid an operating environment that remains broadly uncertain, the Group has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to enhance facilities to establish an optimal production structure, secure a stable long-term supply of ore, and build an agile sales structure by leveraging product advantages. In addition, it carried out organizational restructuring to accelerate these initiatives and continued efforts to improve performance and stabilize earnings. As a result, consolidated net sales for the cumulative third quarter of the fiscal year were ¥34,792 million, down 5.9% year on year. In terms of earnings, operating profit was ¥1,336 million, compared with an operating loss of ¥732 million in the same quarter of the previous year, partly due to the reversal of inventory write-downs resulting from improved inventory profitability. Ordinary profit was ¥3,264 million, up 51.6% year on year, partly due to ¥1,718 million in equity-method investment gains from 6 equity-method affiliates. Net income attributable to owners of the parent was ¥3,074 million, up 18.5% year on year.」

「Amid an operating environment that remains broadly uncertain, the Group has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to enhance facilities to establish an optimal production structure, secure a stable long-term supply of ore, and build an agile sales structure by leveraging product advantages. In addition, it carried out organizational restructuring to accelerate these initiatives and continued efforts to improve performance and stabilize earnings. As a result, consolidated net sales for the cumulative second quarter of the fiscal year were ¥22,069 million, down 15.7% year on year. In terms of earnings, operating profit was ¥164 million, down 91.2% year on year, partly due to narrower profit margins resulting from the decline in LME nickel prices from the same quarter of the previous year.」

「Amid an operating environment that remains broadly uncertain, the Group has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to enhance facilities to establish an optimal production structure, secure a stable long-term supply of ore, and build an agile sales structure by leveraging product advantages, while continuing initiatives to improve performance and stabilize earnings. As a result, consolidated net sales for the cumulative first quarter of the fiscal year were ¥11,633 million, down 2.4% year on year. In terms of earnings, factors increasing costs, including lower inventory profitability, resulted in an operating loss of ¥991 million, compared with operating profit of ¥1,155 million in the same quarter of the previous year.」

「Amid an operating environment that remains broadly uncertain, the Company has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to develop agile sales activities by leveraging product advantages and to optimize production and sales volumes, continuing initiatives to improve performance and stabilize earnings. As a result, consolidated net sales for the cumulative third quarter of the fiscal year were ¥36,988 million, up 23.1% year on year. In terms of earnings, factors increasing costs, including lower inventory profitability, resulted in an operating loss of ¥732 million, compared with an operating loss of ¥4,100 million in the same quarter of the previous year.」

「Amid an operating environment that remains broadly uncertain, the Company has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to expand sales activities by leveraging product advantages and to optimize production and sales volumes, steadily advancing efforts to improve performance and stabilize earnings. As a result, consolidated net sales for the cumulative second quarter of the fiscal year were ¥26,177 million, up 36.5% year on year, partly reflecting the impact of the upward trend in LME nickel prices. Operating profit was ¥1,856 million, compared with an operating loss of ¥3,467 million in the same quarter of the previous year.」

「Amid an operating environment that remains broadly uncertain, the Company has promoted total cost reductions through energy savings and low-cost production to further strengthen its earnings base. It has also worked to expand sales activities by leveraging product advantages and to optimize production and sales volumes, with the aim of improving performance. As a result, consolidated net sales for the cumulative first quarter of the fiscal year were ¥11,916 million, up 16.3% year on year, partly reflecting the impact of the upward trend in LME nickel prices. Operating profit was ¥1,155 million, compared with an operating loss of ¥3,113 million in the same quarter of the previous year, partly due to a decline in inventory valuation resulting from improved inventory profitability」

「Amid an operating environment that remains broadly uncertain, the Company has maintained cautious production and sales structures and has advanced measures to strengthen earnings, centered on cost-reduction activities. However, weak performance continued.」

「Amid an operating environment that remains broadly uncertain, the Company has maintained cautious production and sales structures and has advanced measures to strengthen earnings, centered on cost-reduction activities. However, sluggish sales growth due to depressed LME nickel prices and higher costs resulting from high nickel ore prices had a significant impact on the weak performance.」

「Amid an operating environment that remains broadly uncertain, the Company has maintained cautious production and sales structures and has advanced measures to strengthen earnings, centered on cost-reduction activities. However, weak LME nickel prices and high nickel ore prices had a significant impact on performance.」

「The Company seeks to establish a comprehensive low-cost production structure with international competitiveness by pursuing cost reductions from every angle, including the development of highly efficient smelting technologies, while aiming to create new businesses to strengthen its future earnings base.」

「③ Enhancing profitability」

「③ Enhancing profitability」

「③ Enhancing profitability」

「③ Enhancing profitability」