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Financial results presentation5699IBOKIN Co.,Ltd.Iron and Steel, Nonferrous Metals

Financial Results Presentation for the Third Quarter of the Fiscal Year Ending December 2026

For the cumulative third quarter, revenue fell below the year-earlier period, while operating profit and ordinary profit increased. Profit for the quarter attributable to owners of the parent declined due to the reversal of the prior-year gain on negative goodwill.

Worth reading
30Immaterial
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
109
¥ million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationQ3 FY20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales7,124 Millions of yen-2.4%
Operating profit564 Millions of yen+24.1%
Ordinary income554 Millions of yen+17.8%
Net income¥368 million -14.2%profit attributable to owners of the parent
Operating profit margin7.9% (6.2% in the same period of the previous year)
Full-year earnings forecast
Net Sales
10,500 Millions of yen
Operating profit
800 Millions of yen
Ordinary income
778 Millions of yen
Profit attributable to owners of the parent
524 Millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Reversal of the substantial construction costs recorded in the dismantling business in the same period of the previous year
  • Increase in scrap purchases accompanying higher scrap market prices
  • Increase in labor costs, selling, general and administrative expenses and other costs due to the increase in employees
  • Increase in depreciation and amortization expenses accompanying the additional introduction of ultra-large demolition machinery

The company identifies the factors but does not state the amount attributable to each one.

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • AssumptionMarket prices for steel scrap and other materials
    FigureAssumed to remain at the current level during fiscal 2026
  • AssumptionNon-ferrous metal prices
    FigureAssumed to remain at the current level during fiscal 2026
New initiatives
  • Preparations for opening a new plant on the factory site acquired in Suminoe-ku, Osaka (target opening in fiscal 2028)
  • Plans to increase staffing at the Tokyo and Osaka branches and consider opening branches in other cities
  • Development and patent application for a pile-extraction method using ultra-large machinery
  • Calculation and provision to customers of CO2 emissions by construction project and the amount of CO2 reduction contributed by scrap recycling
Key KPIsA metric the company considers important as a management benchmark.
  • Ferrous scrap pricesApproximately 22% higher than in the same period of the previous year
    Year on year against the same period last year+22.0%
Segment results
  • Demolition Business
    Net Sales1,551 Millions of yen
    Year-on-year revenue growth-37.7
  • Environmental Business
    Net Sales1,734 Millions of yen
    Year-on-year revenue growth17.7
  • Metals Business
    Net Sales3,837 Millions of yen
    Year-on-year revenue growth15.2
Number of employees
Number of Employees195 people
Record date30 September 2026
Annual Dividend
Annual dividend per share32 Yen
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredQ3 FY2026
Net Sales7,124 Millions of yen (YoY -2.4%)
Operating profit564 Millions of yen (YoY +24.1%)
Ordinary income554 Millions of yen (YoY +17.8%)
Net income¥368 million (profit attributable to owners of the parent) (YoY -14.2%)
Operating profit margin7.9% (6.2% in the same period of the previous year)
Full-year earnings forecastNet Sales 10,500 Millions of yen / Operating profit 800 Millions of yen / Ordinary income 778 Millions of yen / Profit attributable to owners of the parent 524 Millions of yen
Segment resultsSegment Demolition Business / Net Sales 1,551 Millions of yen / Year-on-year revenue growth -37.7 / Profit Not disclosed, Segment Environmental Business / Net Sales 1,734 Millions of yen / Year-on-year revenue growth 17.7 / Profit Not disclosed, Segment Metals Business / Net Sales 3,837 Millions of yen / Year-on-year revenue growth 15.2 / Profit Not disclosed
Breakdown of Factors Affecting the ChangeFactors Reversal of the substantial construction costs recorded in the dismantling business in the same period of the previous year / Amount Not disclosed, Factors Increase in scrap purchases accompanying higher scrap market prices / Amount Not disclosed, Factors Increase in labor costs, selling, general and administrative expenses and other costs due to the increase in employees / Amount Not disclosed, Factors Increase in depreciation and amortization expenses accompanying the additional introduction of ultra-large demolition machinery / Amount Not disclosed
Key KPIsIndicator name Ferrous scrap prices / Value Approximately 22% higher than in the same period of the previous year / Year on year against the same period last year 22 Year on year
Number of employeesNumber of Employees 195 people / Record date 30 September 2026
Assumptions Underlying the Business OutlookAssumption Market prices for steel scrap and other materials / Figure Assumed to remain at the current level during fiscal 2026, Assumption Non-ferrous metal prices / Figure Assumed to remain at the current level during fiscal 2026
Annual DividendAnnual dividend per share 32 Yen / Interim Not disclosed / End of period Not disclosed
New initiativesPreparations for opening a new plant on the factory site acquired in Suminoe-ku, Osaka (target opening in fiscal 2028), Plans to increase staffing at the Tokyo and Osaka branches and consider opening branches in other cities, Development and patent application for a pile-extraction method using ultra-large machinery, Calculation and provision to customers of CO2 emissions by construction project and the amount of CO2 reduction contributed by scrap recycling
Items this document does not state (16)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout 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.

The dismantling business recorded higher profit due to the reversal of the prior-year recording of substantial construction costs. The environmental and metals businesses posted higher revenue due to factors including higher scrap prices, but profit declined due to factors including higher purchase prices and increased purchase volumes for saleable materials. Net profit declined due to the reversal of the prior-year gain on negative goodwill arising when 株式会社ミツエ became a subsidiary.

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