Worth reading
74In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
2252
¥ million (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFull fiscal year ended June 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales44,430 million yen-9.5%
Operating profit3,224 million yen+231.6%
Ordinary income3,582 million yen+194.6%
Net income2,423 million yen +106.2%net income attributable to owners of the parent
Full-year earnings forecast
Fiscal year ending June 2027
Handling volume
550 thousand tonnes
Net Sales
49,000 million yen
Operating profit
2,700 million yen
Ordinary income
3,100 million yen
Income before taxes
3,100 million yen
Net income for the current fiscal year
2,100 million yen
ROE
11.1 %
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 volume100.2%
Net Sales100.1%
Operating profit100.8%
Ordinary income102.4%
Net income101.0%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Variance in consolidated ordinary income for the fiscal year ended June 2026
Variance in buying and selling prices2,335
Variance in dust processing and electricity costs55
Variance in foreign exchange gains and losses, etc.0
Personnel cost variance17
Variance in equipment expenses-64
Variance in other expenses-100
Variance in equity-method investment gains123
Variance in forecast consolidated ordinary income for the fiscal year ending June 2027
Variance in buying and selling prices206
Variance in dust processing and electricity costs-86
Variance in foreign exchange gains and losses, etc.135
Personnel cost variance-340
Variance in equipment expenses-224
Variance in other expenses-161
Variance in equity-method investment gains-14
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Steel scrap¥46,000/tonne
Electrolytic copper¥2,000/kg
Gold¥23,000/g
Silver¥400/g
Nickel¥2,500/kg
Cobalt¥8,500/kg
Foreign Exchange¥150/USD
New initiatives
- Advance plans for a new LIB recycling plant
- Improve processing steps in the existing LIB recycling system and increase black mass recovery rates
- Expand the LIB collection network through collaboration inside and outside the Group
- Upgrade the composite-material pretreatment crusher
- Improve the waste plastic crushing line
- Increase CE rubber mat production capacity
- Launch colored rubber chips for artificial turf incorporating recycled plastic
- Improve the production flow, expand the target scope, and strengthen collection in the gold and silver residues business
Key KPIsA metric the company considers important as a management benchmark.
- Handling volume491 thousand tonnesYear on year against the same period last year-19.6%
- ROE13.6 %
Segment results
Resource-Circulation Business
Handling volume
239 thousand tonnes
Net Sales
23,940 million yen
Segment profit
2,627 million yen
Global-trading business
Handling volume
344 thousand tonnes
Net Sales
24,730 million yen
Segment profit
703 million yen
Lithium-ion Battery Recycling Business
Net Sales
2,641 million yen
Segment profit
704 million yen
Other
Net Sales
450 million yen
Segment profit
40 million yen
Financial targets
ROE
Actual results for the fiscal year ended June 202613.6%
Forecast for the fiscal year ending June 202711.1%
Capital expenditures
¥947 million acquisitions of property, plant and equipment
Annual Dividend
Fiscal year ending June 2026
Dividend per share25 yen
Forecast for the fiscal year ending June 2027
Dividend per share22 yen
Payout ratio
Fiscal year ending June 202629.4%
Forecast for the fiscal year ending June 202729.9%
DOE2.5% floor
Acquisition of treasury shares
Fiscal year ending June 2026¥172 million
PeriodFiscal year ending June 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Full fiscal year ended June 2026 |
| Net Sales | 44,430 million yen (YoY -9.5%) |
| Operating profit | 3,224 million yen (YoY +231.6%) |
| Ordinary income | 3,582 million yen (YoY +194.6%) |
| Net income | 2,423 million yen (net income attributable to owners of the parent) (YoY +106.2%) |
| Full-year earnings forecast | Subject Fiscal year ending June 2027 / Handling volume 550 thousand tonnes / Net Sales 49,000 million yen / Operating profit 2,700 million yen / Ordinary income 3,100 million yen / Income before taxes 3,100 million yen / Net income for the current fiscal year 2,100 million yen / ROE 11.1 % |
| Progress against full-year forecast | Handling volume 100.2% / Net Sales 100.1% / Operating profit 100.8% / Ordinary income 102.4% / Net income 101.0% |
| Segment results | Resource-Circulation Business Handling volume 239 thousand tonnes / Net Sales 23,940 million yen / Segment profit 2,627 million yen / Global-trading business Handling volume 344 thousand tonnes / Net Sales 24,730 million yen / Segment profit 703 million yen / Lithium-ion Battery Recycling Business Net Sales 2,641 million yen / Segment profit 704 million yen / Other Net Sales 450 million yen / Segment profit 40 million yen |
| Breakdown of Factors Affecting the Change | Variance in consolidated ordinary income for the fiscal year ended June 2026 Variance in buying and selling prices 2,335 / Variance in dust processing and electricity costs 55 / Variance in foreign exchange gains and losses, etc. 0 / Personnel cost variance 17 / Variance in equipment expenses -64 / Variance in other expenses -100 / Variance in equity-method investment gains 123 / Variance in forecast consolidated ordinary income for the fiscal year ending June 2027 Variance in buying and selling prices 206 / Variance in dust processing and electricity costs -86 / Variance in foreign exchange gains and losses, etc. 135 / Personnel cost variance -340 / Variance in equipment expenses -224 / Variance in other expenses -161 / Variance in equity-method investment gains -14 |
| Key KPIs | Handling volume 491 thousand tonnes, ROE 13.6 % |
| Assumptions Underlying the Business Outlook | Steel scrap ¥46,000/tonne / Electrolytic copper ¥2,000/kg / Gold ¥23,000/g / Silver ¥400/g / Nickel ¥2,500/kg / Cobalt ¥8,500/kg / Foreign Exchange ¥150/USD |
| Financial targets | ROE Actual results for the fiscal year ended June 2026 13.6% / Forecast for the fiscal year ending June 2027 11.1% |
| Annual Dividend | Fiscal year ending June 2026 Dividend per share 25 yen / Forecast for the fiscal year ending June 2027 Dividend per share 22 yen |
| Payout ratio | Fiscal year ending June 2026 29.4% / Forecast for the fiscal year ending June 2027 29.9% / DOE 2.5% floor |
| Acquisition of treasury shares | Fiscal year ending June 2026 ¥172 million / Period Fiscal year ending June 2026 |
| Capital expenditures | ¥947 million (acquisitions of property, plant and equipment) |
| New initiatives | Advance plans for a new LIB recycling plant, Improve processing steps in the existing LIB recycling system and increase black mass recovery rates, Expand the LIB collection network through collaboration inside and outside the Group, Upgrade the composite-material pretreatment crusher, Improve the waste plastic crushing line, Increase CE rubber mat production capacity, Launch colored rubber chips for artificial turf incorporating recycled plastic, Improve the production flow, expand the target scope, and strengthen collection in the gold and silver residues business |
Items this document does not state (13)
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 employeesRisk amount incorporated into the outlookMedium-term management plan targetsOrders 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.The decline in revenue in the fiscal year ended June 2026 was due to the application of the revenue recognition standard following partial changes to transaction formats. The increase in profit resulted from the effects of structural reforms, higher prices for major metals, advances in sorting technology, and stronger recovery and sales of high-value-added products. The forecast decline in profit for the fiscal year ending June 2027 is attributed to lower production and sales in the LIB recycling business, higher personnel expenses, and higher depreciation expenses associated with new capital investment.
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.