Results for this period
Interim period (second quarter)1 April 2026–30 September 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.
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue was primarily affected by higher metal prices in the smelting business. Profit increased as the impact of residual work and restructuring costs related to the reorganization and withdrawal from unprofitable businesses was substantially reduced, while higher metal prices and other factors also contributed.
A description of material events, among other matters, is included. Although conditions exist that give rise to significant doubt about the going concern assumption, there are no significant concerns regarding cash flow, and no material uncertainty has been identified. No matters requiring disclosure are applicable in the note on the going concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 66,448 Millions of yen (YoY +23.4%) |
| Operating profit | 906 Millions of yen |
| Ordinary income | 432 Millions of yen |
| Profit attributable to owners of the parent | 515 Millions of yen |
| Net income per share | ¥13.06 |
| Equity ratio | End of the current fiscal period 17.9 / End of previous period 13.8 |
| Total assets | 102,210 Millions of yen |
| Net assets | 18,361 Millions of yen |
| Cash flows from operating activities | -10,626 Millions of yen |
| Cash flows from investing activities | -1,174 Millions of yen |
| Cash flows from financing activities | 11,638 Millions of yen |
| Cash and cash equivalents at end of period | 10,970 Millions of yen |
| Full-year earnings forecast | Net Sales 131,000 Millions of yen (YoY +4.3%) / Operating profit 3,300 Millions of yen (YoY -50.9%) / Ordinary income 1,600 Millions of yen (YoY -71.8%) / Profit attributable to owners of the parent 800 Millions of yen (YoY -83.3%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → 131,000 Millions of yen / Operating profit Not disclosed → 3,300 Millions of yen / Ordinary income Not disclosed → 1,600 Millions of yen / Profit attributable to owners of the parent Not disclosed → 800 Millions of yen |
| Annual Dividend Forecast | 0 Yen → 0 Yen（0.0%） |
| Segment revenue | Smelting business 57,573 Millions of yen (YoY +38.0%) / Environmental and recycling business 4,443 Millions of yen (YoY +27.0%) / Electronic components and functional materials business 1,834 Millions of yen (YoY -2.0%) / Metal recycling business 1,050 Millions of yen (YoY -81.0%) / Other businesses 5,078 Millions of yen (YoY -4.0%) |
| Segment profit | Smelting business -1,862 Millions of yen / Environmental and recycling business 1,449 Millions of yen (YoY +325.0%) / Electronic components and functional materials business 66 Millions of yen (YoY -64.0%) / Metal recycling business 931 Millions of yen / Other businesses 182 Millions of yen (YoY +99.0%) |
| Depreciation and amortization | 763 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 12 / Gain on sale of investment securities 0 / Extraordinary loss Loss on sale of non-current assets 3 / Loss on disposal of fixed assets 100 |
| Disclosure regarding the going concern assumption | A description of material events, among other matters, is included. Although conditions exist that give rise to significant doubt about the going concern assumption, there are no significant concerns regarding cash flow, and no material uncertainty has been identified. No matters requiring disclosure are applicable in the note on the going concern assumption. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | No (0 additions, 0 exclusions) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 19,305,829 |
| Treasury Shares at Period-End | 7,884 |
| Factors Behind Changes in Business Performance | Revenue was primarily affected by higher metal prices in the smelting business. Profit increased as the impact of residual work and restructuring costs related to the reorganization and withdrawal from unprofitable businesses was substantially reduced, while higher metal prices and other factors also contributed. |
Items this document does not state (6)
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 increased mainly because higher metal prices boosted the smelting business. Profit increased because the impact of residual work and restructuring costs associated with the reorganization and withdrawal from unprofitable businesses was substantially reduced, while higher metal prices also contributed.