Worth reading
50Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
41
¥100 million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationQ3 FY20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥589 100 million+1.7%
Operating profit¥73 100 million+128.1%
Ordinary income¥-12 100 million-185.7%
Net income¥-14 100 million-450.0%
Full-year earnings forecast
Net Sales
¥811 100 million
Operating profit
¥110 100 million
Ordinary income
¥15 100 million
Profit attributable to owners of the parent
¥5 100 million
Underlying ordinary profit
¥75 100 million
Underlying net income
¥53 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profitImproved profitability in the ferroalloys business, the weaker yen, elimination of negative inventory effects, increased processing volumes in the incineration ash recycling business, and firm prices for molten metal
Ordinary income¥7.2 billion investment loss at Pertama Ferroalloys
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange¥159/US dollar
New initiatives
Formulation and planned announcement of the 10th Medium-Term Management Plan (2027–2030)Key KPIsA metric the company considers important as a management benchmark.
Foreign Exchange¥159/US dollar (¥148/US dollar in the year-earlier period)
Medium-term management plan targets
The company plans to announce its 10th Medium-Term Management Plan (2027–2030), but the target figures are Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥589 100 million (YoY +1.7%) |
| Operating profit | ¥73 100 million (YoY +128.1%) |
| Ordinary income | ¥-12 100 million (YoY -185.7%) |
| Net income | ¥-14 100 million (YoY -450.0%) |
| Full-year earnings forecast | Net Sales ¥811 100 million / Operating profit ¥110 100 million / Ordinary income ¥15 100 million / Profit attributable to owners of the parent ¥5 100 million / Underlying ordinary profit ¥75 100 million / Underlying net income ¥53 100 million |
| Breakdown of Factors Affecting the Change | Operating profit Improved profitability in the ferroalloys business, the weaker yen, elimination of negative inventory effects, increased processing volumes in the incineration ash recycling business, and firm prices for molten metal / Ordinary income ¥7.2 billion investment loss at Pertama Ferroalloys |
| Key KPIs | Foreign Exchange ¥159/US dollar (¥148/US dollar in the year-earlier period) |
| Assumptions Underlying the Business Outlook | Foreign Exchange ¥159/US dollar |
| Medium-term management plan targets | The company plans to announce its 10th Medium-Term Management Plan (2027–2030), but the target figures are Not disclosed. |
| New initiatives | Formulation and planned announcement of the 10th Medium-Term Management Plan (2027–2030) |
Items this document does not state (19)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Operating profit increased due to improved profitability in the ferroalloys business, the weaker yen, the elimination of negative inventory effects, increased processing volumes in the incineration ash recycling business, and firm prices for molten metal. Ordinary profit and net profit declined because of the ¥7.2 billion investment loss at Pertama Ferroalloys.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.