Results for this period
Third quarter1 July 2025 to 31 March 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.
Profit increased due to the deepening of proprietary sorting technology and strengthened recovery and sale of high-value-added products, the benefits of structural reforms, higher prices for major metals, optimization of transaction terms, strong orders, and the development of new sales channels and products together with improved margins. Net sales declined due to the application of a revenue recognition standard associated with a change in the transaction format and the impact of the de facto closure of the Strait of Hormuz, among other factors.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 July 2025 to 31 March 2026 |
| Net Sales | ¥32,657 million (YoY -13.6%) |
| Operating profit | ¥2,163 million (YoY +152.1%) |
| Ordinary income | ¥2,422 million (YoY +144.4%) |
| Profit attributable to owners of the parent | ¥1,664 million (YoY +62.9%) |
| Net income per share | ¥58.51 |
| Equity ratio | End of the current fiscal period 54.4 / End of previous period 54 |
| Total assets | ¥33,126 million |
| Net assets | ¥18,410 million |
| Full-year earnings forecast | Net Sales ¥43,000 million (YoY -12.4%) / Operating profit ¥2,300 million (YoY +136.5%) / Ordinary income ¥2,600 million (YoY +113.8%) / Net income ¥1,800 million (YoY +53.1%) |
| Revision to Earnings Forecast | Net Sales No / Operating profit No / Ordinary income No / Net income No |
| Annual Dividend Forecast | ¥15 → ¥22 |
| Segment revenue | Resource-Circulation Business ¥17,003 million (YoY +7.6%) / Global-trading business ¥18,384 million (YoY -24.6%) / Lithium-ion Battery Recycling Business ¥1,773 million (YoY +46.2%) / Other ¥355 million (YoY -9.1%) |
| Segment profit | Resource-Circulation Business ¥1,736 million (YoY +90.4%) / Global-trading business ¥487 million (YoY +153.4%) / Lithium-ion Battery Recycling Business ¥491 million (YoY +210.8%) / Other ¥49 million (YoY -47.5%) |
| Depreciation and amortization | ¥1,045,395 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥6,293 thousand / Gain on sale of investment securities ¥25,916 thousand / Insurance proceeds received ¥11,298 thousand / Total ¥43,508 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥8,260 thousand / Total ¥8,260 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 companies / Company name Not disclosed / Excluded Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 30,317,388 shares |
| Treasury Shares at Period-End | 1,816,860 shares |
| Factors Behind Changes in Business Performance | Profit increased due to the deepening of proprietary sorting technology and strengthened recovery and sale of high-value-added products, the benefits of structural reforms, higher prices for major metals, optimization of transaction terms, strong orders, and the development of new sales channels and products together with improved margins. Net sales declined due to the application of a revenue recognition standard associated with a change in the transaction format and the impact of the de facto closure of the Strait of Hormuz, among other factors. |
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.The company states that profitability improved as a result of deepening its proprietary sorting technology and strengthening the recovery and sale of high-value-added products, the benefits of ongoing structural reforms becoming apparent, higher prices for major metals, optimization of transaction terms, and the development of new sales channels and products together with improved margins. The decline in net sales was attributed to the application of a revenue recognition standard associated with a change in the transaction format in the Global Trading business, as well as the impact on cargo from the de facto closure of the Strait of Hormuz.