Results for this period
First quarter1 April 2026 to 30 June 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.
Operating profit increased substantially, led by the smelting segment, against a backdrop of favorable metal prices and foreign exchange rates. On the demand side, orders for waste treatment, orders and sales of automotive-related products and services, and sales of information and communications products for AI servers and new-energy-related products increased. Valuation gains on hedging transactions also arose as silver prices declined.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥253,395 million (YoY +58.2%) |
| Operating profit | ¥24,748 million (YoY +281.0%) |
| Ordinary income | ¥32,527 million (YoY +277.5%) |
| Profit attributable to owners of the parent | ¥23,452 million (YoY +266.4%) |
| Net income per share | ¥396.51 |
| Equity ratio | End of the current fiscal period 57.5 / End of previous period 57.3 |
| Total assets | ¥801,299 million |
| Net assets | ¥475,872 million |
| Full-year earnings forecast | Net Sales ¥941,000 million (YoY +26.2%) / Operating profit ¥53,000 million (YoY +55.0%) / Ordinary income ¥80,000 million (YoY +47.3%) / Net income ¥57,000 million (YoY -8.7%) |
| Annual Dividend Forecast | ¥368 → ¥338 |
| Segment revenue | Environmental and recycling segment ¥65,203 million (YoY +33.1%) / Smelting segment ¥125,738 million (YoY +69.4%) / Electronic materials segment ¥52,098 million (YoY +129.7%) / Metal-processing segment ¥46,543 million (YoY +40.8%) / Heat-treatment segment ¥8,428 million (YoY +14.4%) |
| Segment profit | Environmental and recycling segment ¥4,077 million (YoY +12.4%) / Smelting segment ¥22,844 million (YoY +527.7%) / Electronic materials segment ¥2,023 million / Metal-processing segment ¥2,779 million (YoY +252.8%) / Heat-treatment segment ¥237 million (YoY -9.2%) |
| Depreciation and amortization | ¥6,989 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Insurance proceeds received ¥189 million / Subsidy Income ¥76 million / Gain on sale of non-current assets ¥9 million / Other ¥3 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥298 million / Other ¥62 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New — companies / Excluded — companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 61,989,206 |
| Treasury Shares at Period-End | 2,840,929 |
| Factors Behind Changes in Business Performance | Operating profit increased substantially, led by the smelting segment, against a backdrop of favorable metal prices and foreign exchange rates. On the demand side, orders for waste treatment, orders and sales of automotive-related products and services, and sales of information and communications products for AI servers and new-energy-related products increased. Valuation gains on hedging transactions also arose as silver prices declined. |
Items this document does not state (12)
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.Improved metal prices and foreign exchange rates, increased orders for environmental and recycling-related services, higher orders and sales of automotive-related products and services, and increased sales of information and communications products for AI servers and new-energy-related products contributed to results. Valuation gains on hedging transactions also arose as silver prices declined. On the other hand, deteriorating purchasing terms for smelting raw materials and increases in personnel and material costs weighed on earnings.