Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 12 May 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 forecasts were reviewed based on results for the first half of the fiscal year and information available at this time. The ordinary profit forecast was revised to reflect the recognition of an equity-method investment loss at Pertama Ferroalloys Sdn. Bhd., among other factors. Underlying ordinary profit is expected to reach ¥7.5 billion, compared with the previous forecast of ¥6 billion, due to higher market prices for ferroalloy products, the effect of the weaker yen, an increase in the volume of incineration ash processed and persistently high market prices for molten metal, among other factors.
An impairment loss on shares of an affiliated company and an equity-method investment loss were recognized. Amount: Not disclosed.
| Item | Details |
|---|---|
| Net Sales | 80,000 million yen → 81,100 million yen（+1.4%） |
| Operating profit | Not disclosed → 11,000 million yen |
| Ordinary income | 7,000 million yen → 1,500 million yen |
| Profit attributable to owners of the parent | Not disclosed → 500 million yen |
| Net income per share | Not disclosed → 4.01 yen and sen |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 12 May 2026 |
| Previous-period results | Sales: ¥77,277 million; operating profit: ¥5,161 million; ordinary profit: ¥2,703 million; net income attributable to owners of the parent: ¥1,418 million; earnings per share: ¥10.70 (fiscal year ended December 2025) |
| Reason for the revision | The forecasts were reviewed based on results for the first half of the fiscal year and information available at this time. The ordinary profit forecast was revised to reflect the recognition of an equity-method investment loss at Pertama Ferroalloys Sdn. Bhd., among other factors. Underlying ordinary profit is expected to reach ¥7.5 billion, compared with the previous forecast of ¥6 billion, due to higher market prices for ferroalloy products, the effect of the weaker yen, an increase in the volume of incineration ash processed and persistently high market prices for molten metal, among other factors. |
| Details and amount of extraordinary loss | An impairment loss on shares of an affiliated company and an equity-method investment loss were recognized. Amount: Not disclosed. |
| Dividend forecast revision | The annual dividend forecast has been increased from ¥13 to ¥17. The breakdown is an interim dividend of ¥5.5 and a year-end dividend of ¥11.5. |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The forecasts were reviewed based on results for the first half of the fiscal year and information available at this time. The ordinary profit forecast reflects the recognition of an equity-method investment loss relating to Pertama Ferroalloys Sdn. Bhd., among other factors. On an underlying basis, ordinary profit is expected to reach ¥7.5 billion, exceeding the previous forecast of ¥6 billion, supported by higher market prices for ferroalloy products, the effect of the weaker yen, an increase in the volume of incineration ash processed and persistently high market prices for molten metal. The dividend forecast was increased based on the revised earnings forecast and the shareholder return policy of maintaining a payout ratio of approximately 40% based on underlying net income, with an annual dividend floor of ¥11.