Revised forecast
Fiscal year ending December 2026 · Full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Net sales are expected to exceed the initial forecast due to fluctuations in ferroalloy product market conditions and foreign exchange rates, among other factors. Although ordinary profit is expected to decline in the Functional Materials business due to sluggish demand for battery materials, it is expected to exceed the initial forecast because of an increase in the volume of incineration ash processed, continued strength in molten metal market conditions, and a positive reversal in the inventory impact resulting from higher manganese ore prices.
There were no extraordinary losses in the current first quarter (¥0 million). In the first quarter of the previous fiscal year, extraordinary losses totaled ¥186 million, comprising ¥180 million in environmental measures expenses and ¥6 million in other expenses. No impairment loss was recorded.
| Item | Details |
|---|---|
| Net Sales | Not disclosed → ¥80,000 million |
| Ordinary income | Not disclosed → ¥7,000 million |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Previous-period results | Full year 2025: net sales of ¥77.3 billion, ordinary profit of ¥2.7 billion, net income attributable to owners of the parent of ¥1.4 billion, and earnings per share of ¥10.7 |
| Reason for the revision | Net sales are expected to exceed the initial forecast due to fluctuations in ferroalloy product market conditions and foreign exchange rates, among other factors. Although ordinary profit is expected to decline in the Functional Materials business due to sluggish demand for battery materials, it is expected to exceed the initial forecast because of an increase in the volume of incineration ash processed, continued strength in molten metal market conditions, and a positive reversal in the inventory impact resulting from higher manganese ore prices. |
| Details and amount of extraordinary loss | There were no extraordinary losses in the current first quarter (¥0 million). In the first quarter of the previous fiscal year, extraordinary losses totaled ¥186 million, comprising ¥180 million in environmental measures expenses and ¥6 million in other expenses. No impairment loss was recorded. |
| Dividend forecast revision | No revision. The annual dividend forecast for the fiscal year ending December 2026 is ¥13.00, comprising an interim dividend of ¥5.50 and a year-end dividend of ¥7.50. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (4)
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.Net sales are expected to exceed the initial forecast due to fluctuations in ferroalloy product market conditions and foreign exchange rates. Although ordinary profit is expected to decline in the Functional Materials business due to sluggish demand for battery materials, it is expected to exceed the initial forecast because of an increase in the volume of incineration ash processed, continued strength in molten metal market conditions, and a positive reversal in the inventory impact resulting from higher manganese ore prices.