Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
405
¥ million (year-on-year increase in operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Results presentationFirst quarter of the fiscal year ending June 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,265 million+12.8%
Operating profit¥827 million+96.0%
Ordinary income¥994 million+125.6%
Net income¥697 million+131.3%
Results for the three months of the current quarter
Handling volume
98 thousand tonnes
Net Sales
¥11,265 million
Operating profit
¥827 million
Ordinary income
¥994 million
Profit before tax
¥994 million
Net income
¥697 million
Full-year earnings forecast
Handling volume
550 thousand tonnes
Net Sales
¥49,000 million
Operating profit
¥2,700 million
Ordinary income
¥3,100 million
Profit before tax
¥3,100 million
Net income
¥2,100 million
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 volume17.8%
Net Sales23.0%
Operating profit30.6%
Ordinary income32.1%
Profit before tax32.1%
Net income33.2%
Resource Recycling Business revenue25.5%
Resource Recycling Business segment profit25.5%
Global Trading Business revenue18.6%
Global Trading Business segment profit36.6%
Lithium-Ion Battery Recycling Business revenue49.8%
Lithium-Ion Battery Recycling Business segment profit332.0%
Other sales28.8%
Other segment profit56.0%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated ordinary income
Variance in buying and selling prices536
Variance in dust processing and electricity costs-2
Variance in foreign exchange gains and losses, etc.56
Personnel cost variance-37
Variance in equipment expenses-14
Variance in other expenses-72
Variance in equity-method investment gains87
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Steel scrap¥46,000/t
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
- Formulation of the long-term vision “En-Vision2035”
- Promote the use of alternative outsourcing providers and increase in-house production in the lithium-ion battery recycling business
Key KPIsA metric the company considers important as a management benchmark.
Handling volume
98 thousand tonnes-10.1%
Contribution margin
¥3,202 million+22.6%
EBITDA
¥1,181 million+54.2%
ROE
11.1 %
Segment results
Resource-Circulation Business
Handling volume
59 thousand tonnes
Net Sales
¥6,778 million
Segment profit
¥739 million
Global-trading business
Handling volume
55 thousand tonnes
Net Sales
¥4,960 million
Segment profit
¥183 million
Lithium-ion Battery Recycling Business
Net Sales
¥871 million
Segment profit
¥166 million
Other
Net Sales
¥144 million
Segment profit
¥28 million
Financial targets
ROE
Actual results for the fiscal year ended June 202613.6%
Forecast for the fiscal year ending June 202711.1%
Annual Dividend
Forecast for the fiscal year ending June 2027
Annual dividend per share22 Yen
Payout ratio
29.9% (forecast for the fiscal year ending June 2027)Acquisition of treasury shares
The record lists treasury share repurchases of ¥273 million in the fiscal year ended June 2019, ¥788 million in the fiscal year ended June 2025, and ¥172 million in the fiscal year ended June 2026. The repurchase allocation for the fiscal year ending June 2027 is Not disclosed.| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending June 2027 |
| Net Sales | ¥11,265 million (YoY +12.8%) |
| Operating profit | ¥827 million (YoY +96.0%) |
| Ordinary income | ¥994 million (YoY +125.6%) |
| Net income | ¥697 million (YoY +131.3%) |
| Results for the three months of the current quarter | Handling volume 98 thousand tonnes / Net Sales ¥11,265 million / Operating profit ¥827 million / Ordinary income ¥994 million / Profit before tax ¥994 million / Net income ¥697 million |
| Full-year earnings forecast | Handling volume 550 thousand tonnes / Net Sales ¥49,000 million / Operating profit ¥2,700 million / Ordinary income ¥3,100 million / Profit before tax ¥3,100 million / Net income ¥2,100 million |
| Progress against full-year forecast | Handling volume 17.8% / Net Sales 23.0% / Operating profit 30.6% / Ordinary income 32.1% / Profit before tax 32.1% / Net income 33.2% / Resource Recycling Business revenue 25.5% / Resource Recycling Business segment profit 25.5% / Global Trading Business revenue 18.6% / Global Trading Business segment profit 36.6% / Lithium-Ion Battery Recycling Business revenue 49.8% / Lithium-Ion Battery Recycling Business segment profit 332.0% / Other sales 28.8% / Other segment profit 56.0% |
| Segment results | Resource-Circulation Business Handling volume 59 thousand tonnes / Net Sales ¥6,778 million / Segment profit ¥739 million / Global-trading business Handling volume 55 thousand tonnes / Net Sales ¥4,960 million / Segment profit ¥183 million / Lithium-ion Battery Recycling Business Net Sales ¥871 million / Segment profit ¥166 million / Other Net Sales ¥144 million / Segment profit ¥28 million |
| Breakdown of Factors Affecting the Change | Consolidated ordinary income Variance in buying and selling prices 536 / Variance in dust processing and electricity costs -2 / Variance in foreign exchange gains and losses, etc. 56 / Personnel cost variance -37 / Variance in equipment expenses -14 / Variance in other expenses -72 / Variance in equity-method investment gains 87 |
| Key KPIs | Handling volume 98 thousand tonnes (YoY -10.1%) / Contribution margin ¥3,202 million (YoY +22.6%) / EBITDA ¥1,181 million (YoY +54.2%) / ROE 11.1 % |
| Assumptions Underlying the Business Outlook | Steel scrap ¥46,000/t / 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 | Forecast for the fiscal year ending June 2027 Annual dividend per share 22 Yen |
| Payout ratio | 29.9% (forecast for the fiscal year ending June 2027) |
| Acquisition of treasury shares | The record lists treasury share repurchases of ¥273 million in the fiscal year ended June 2019, ¥788 million in the fiscal year ended June 2025, and ¥172 million in the fiscal year ended June 2026. The repurchase allocation for the fiscal year ending June 2027 is Not disclosed. |
| New initiatives | Formulation of the long-term vision “En-Vision2035”, Promote the use of alternative outsourcing providers and increase in-house production in the lithium-ion battery recycling business |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.The increase in sales and profit was attributable to major metal prices remaining above the year-earlier period and at elevated levels, advances in sorting technology, stronger recovery and sales of high-value-added products, and improved profitability through structural reforms. Personnel expenses increased due to the impact of regular salary increases and base-pay increases.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.