Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1305
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationThird quarter of the fiscal year ending June 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales32,657 Millions of yen-13.6%
Operating profit2,163 Millions of yen+152.1%
Ordinary income2,422 Millions of yen+144.4%
Net income1,664 Millions of yen+62.9%
Full-year earnings forecast
Handling volume
500 thousand tonnes
Net Sales
43,000 Millions of yen
Operating profit
2,300 Millions of yen
Ordinary income
2,600 Millions of yen
Net income
1,800 Millions of yen
ROE
9.9 %
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Handling volume72.4%
Net Sales75.9%
Operating profit94.0%
Ordinary income93.2%
Net income92.5%
Resource Recycling Business revenue75.6%
Resource Recycling Business segment profit91.4%
Global Trading Business revenue76.6%
Global Trading Business segment profit81.2%
Lithium-Ion Battery Recycling Business revenue84.4%
Lithium-Ion Battery Recycling Business segment profit81.8%
Other net sales78.9%
Other segment profit196.0%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in consolidated ordinary profit
Variance in buying and selling prices1,272
Variance in dust processing and electricity costs63
Variance in foreign exchange gains and losses, etc.-48
Personnel cost variance-43
Variance in equipment expenses63
Variance in other expenses38
Variance in equity-method investment gains86
Consolidated ordinary profit versus initial forecast
Variance in buying and selling prices821
Variance in dust processing and electricity costs-34
Variance in foreign exchange gains and losses, etc.-93
Personnel cost variance178
Variance in equipment expenses-1
Variance in other expenses92
Variance in equity-method investment gains53
New initiatives
- Strengthening recovery and sales of high-value-added products
- Advancement of sorting technology
- Developing new sales channels in the Global Trading Business
- Selected for the second consecutive year as a collaborative operator for the Tokyo Metropolitan Government's Wide-Area Resource Recycling Project for Lithium-Ion Batteries and Other Materials
Key KPIsA metric the company considers important as a management benchmark.
- Handling volume362 thousand tonnesYear on year against the same period last year-22.2%
Segment results
- Resource-Circulation BusinessHandling volume177 thousand tonnesNet Sales17,003 Millions of yenSegment profit1,736 Millions of yenYear on year against the same period last yearRevenue was ¥15,804 million in the same period of the previous year, and profit was ¥912 million
- Global-trading businessHandling volume251 thousand tonnesNet Sales18,384 Millions of yenSegment profit487 Millions of yenYear on year against the same period last yearRevenue was ¥24,372 million in the same period of the previous year, and profit was ¥192 million
- Lithium-ion Battery Recycling BusinessNet Sales1,773 Millions of yenSegment profit491 Millions of yenYear on year against the same period last yearRevenue was ¥1,212 million in the same period of the previous year, and profit was ¥158 million
- OtherNet Sales355 Millions of yenSegment profit49 Millions of yenYear on year against the same period last yearRevenue was ¥390 million in the same period of the previous year, and profit was ¥93 million
Financial targets
ROE
Forecast value9.9 %
Prior-year actual results7 %
Annual Dividend
Annual dividend per share¥22
Payout ratio
34.7 %
DOE
2.5 %
DetailsDownside floor
Total payout ratio
44.5 %
Acquisition of treasury shares
Acquisition amount172 Millions of yen
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending June 2026 |
| Net Sales | 32,657 Millions of yen (YoY -13.6%) |
| Operating profit | 2,163 Millions of yen (YoY +152.1%) |
| Ordinary income | 2,422 Millions of yen (YoY +144.4%) |
| Net income | 1,664 Millions of yen (YoY +62.9%) |
| Full-year earnings forecast | Handling volume 500 thousand tonnes / Net Sales 43,000 Millions of yen / Operating profit 2,300 Millions of yen / Ordinary income 2,600 Millions of yen / Net income 1,800 Millions of yen / ROE 9.9 % |
| Progress against full-year forecast | Handling volume 72.4% / Net Sales 75.9% / Operating profit 94.0% / Ordinary income 93.2% / Net income 92.5% / Resource Recycling Business revenue 75.6% / Resource Recycling Business segment profit 91.4% / Global Trading Business revenue 76.6% / Global Trading Business segment profit 81.2% / Lithium-Ion Battery Recycling Business revenue 84.4% / Lithium-Ion Battery Recycling Business segment profit 81.8% / Other net sales 78.9% / Other segment profit 196.0% |
| Segment results | Segment Resource-Circulation Business / Handling volume 177 thousand tonnes / Net Sales 17,003 Millions of yen / Segment profit 1,736 Millions of yen / Year on year against the same period last year Revenue was ¥15,804 million in the same period of the previous year, and profit was ¥912 million, Segment Global-trading business / Handling volume 251 thousand tonnes / Net Sales 18,384 Millions of yen / Segment profit 487 Millions of yen / Year on year against the same period last year Revenue was ¥24,372 million in the same period of the previous year, and profit was ¥192 million, Segment Lithium-ion Battery Recycling Business / Net Sales 1,773 Millions of yen / Segment profit 491 Millions of yen / Year on year against the same period last year Revenue was ¥1,212 million in the same period of the previous year, and profit was ¥158 million, Segment Other / Net Sales 355 Millions of yen / Segment profit 49 Millions of yen / Year on year against the same period last year Revenue was ¥390 million in the same period of the previous year, and profit was ¥93 million |
| Breakdown of Factors Affecting the Change | Year-on-year change in consolidated ordinary profit Variance in buying and selling prices 1,272 / Variance in dust processing and electricity costs 63 / Variance in foreign exchange gains and losses, etc. -48 / Personnel cost variance -43 / Variance in equipment expenses 63 / Variance in other expenses 38 / Variance in equity-method investment gains 86 / Consolidated ordinary profit versus initial forecast Variance in buying and selling prices 821 / Variance in dust processing and electricity costs -34 / Variance in foreign exchange gains and losses, etc. -93 / Personnel cost variance 178 / Variance in equipment expenses -1 / Variance in other expenses 92 / Variance in equity-method investment gains 53 |
| Key KPIs | Handling volume 362 thousand tonnes |
| Financial targets | ROE Forecast value 9.9 % / Prior-year actual results 7 % |
| Annual Dividend | Annual dividend per share ¥22 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 34.7 % |
| Acquisition of treasury shares | Acquisition amount 172 Millions of yen / Number of shares acquired Not disclosed / Period Not disclosed |
| New initiatives | Strengthening recovery and sales of high-value-added products, Advancement of sorting technology, Developing new sales channels in the Global Trading Business, Selected for the second consecutive year as a collaborative operator for the Tokyo Metropolitan Government's Wide-Area Resource Recycling Project for Lithium-Ion Batteries and Other Materials |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsCapital 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.Revenue declined due to the application of the revenue recognition standard following changes to certain transaction formats. Profit increased as the results of structural reforms became apparent, major metal prices rose, sorting technology advanced, recovery and sales of high-value-added products were strengthened, and foreign exchange losses declined as a result of foreign exchange risk management.
How to read this page
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