Supplementary Financial Results Materials for the First Quarter of Fiscal 2026 | DOWA HOLDINGS CO.,LTD. (5714) timely disclosure

Worth reading

45Recurring

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

182

¥100 million (year-on-year increase in operating profit)

Wording

Conditional

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFirst quarter of the fiscal year ended March 20265 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥2,533 100 million+58.0%

Operating profit¥247 100 million+281.0%

Ordinary income¥325 100 million+278.0%

Net income¥234 100 million+266.0%

Results for the three months of the current quarter

Net Sales

¥2,533 100 million

Operating profit

¥247 100 million

Ordinary income

¥325 100 million

Profit attributable to owners of parent for the quarter

¥234 100 million

Full-year earnings forecast

Net Sales

¥9,410 100 million

Operating profit

¥530 100 million

Ordinary income

¥800 100 million

Profit attributable to owners of the parent

¥570 100 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Demand was generally in line with expectations. New energy-related operations are progressing ahead of the initial assumptions. The earnings forecast was left unchanged from the initial forecast.

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Impact of initiatives, changes in sales volume and other factors¥40 100 million
Volume variance revenue (volume variance)¥-3 100 million
Metal price variance revenue (metal price variance)¥78 100 million
Volume variance revenue and other factors (foreign exchange variance)¥20 100 million
Metal price and foreign exchange variances (excluding the Smelting segment)¥27 100 million
Raw material costs (differences in raw material purchase terms)¥-10 100 million
Electricity costs¥3 100 million
Inventory valuation gains and losses¥57 100 million
Manufacturing costs, SG&A expenses and R&D expenses¥-35 100 million
Non-Operating Income and Expenses¥56 100 million
Change in ordinary profit¥239 100 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

¥155 /$
AssumptionsForeign Exchange
$12,000 /t
AssumptionsCopper
$3,100 /t
AssumptionsZinc
$600 /kg
AssumptionsIndium

Key KPIsA metric the company considers important as a management benchmark.

Domestic waste intermediate-processing volume104 Index FY2025 Q1=100
Year on year against the same period last year+4
Number of household appliances processed for recycling100 Index FY2025 Q1=100
Year on year against the same period last year±0
Southeast Asia waste-treatment revenue105 Index FY2025 Q1=100
Year on year against the same period last year+5
Recycled raw materials handled (Kosaka Smelting)104 Index FY2025 Q1=100
Year on year against the same period last year+4
Zinc production volume95 Index FY2025 Q1=100
Year on year against the same period last year-5
LED sales volume94 Index FY2025 Q1=100
Year on year against the same period last year-6
Silver powder sales volume127 Index FY2025 Q1=100
Year on year against the same period last year+27
Copper products sales volume105 Index FY2025 Q1=100
Year on year against the same period last year+5
Heat-treatment processing revenue106 Index FY2025 Q1=100
Year on year against the same period last year+6
Industrial furnace revenue136 Index FY2025 Q1=100
Year on year against the same period last year+36

Segment results

Environment and Recycling
Net Sales¥652 100 million (YoY +33.0%)
Operating profit¥43 100 million
Ordinary income¥40 100 million
Smelting
Net Sales¥1,257 100 million (YoY +69.0%)
Operating profit¥156 100 million
Ordinary income¥228 100 million
Electronic Materials
Net Sales¥520 100 million (YoY +130.0%)
Operating profit¥15 100 million
Ordinary income¥20 100 million
Metal Processing
Net Sales¥465 100 million (YoY +40.0%)
Operating profit¥26 100 million
Ordinary income¥27 100 million
Heat Treatment
Net Sales¥84 100 million (YoY +14.0%)
Operating profit¥1 100 million
Ordinary income¥2 100 million
Other, Corporate and Eliminations
Net Sales¥-446 100 million
Operating profit¥4 100 million
Ordinary income¥5 100 million

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	First quarter of the fiscal year ended March 2026
Net Sales	¥2,533 100 million (YoY +58.0%)
Operating profit	¥247 100 million (YoY +281.0%)
Ordinary income	¥325 100 million (YoY +278.0%)
Net income	¥234 100 million (YoY +266.0%)
Results for the three months of the current quarter	Net Sales ¥2,533 100 million / Operating profit ¥247 100 million / Ordinary income ¥325 100 million / Profit attributable to owners of parent for the quarter ¥234 100 million
Full-year earnings forecast	Net Sales ¥9,410 100 million / Operating profit ¥530 100 million / Ordinary income ¥800 100 million / Profit attributable to owners of the parent ¥570 100 million
Self-assessment against the plan	Demand was generally in line with expectations. New energy-related operations are progressing ahead of the initial assumptions. The earnings forecast was left unchanged from the initial forecast.
Segment results	Segment Environment and Recycling / Net Sales ¥652 100 million (YoY +33.0%) / Operating profit ¥43 100 million / Ordinary income ¥40 100 million, Segment Smelting / Net Sales ¥1,257 100 million (YoY +69.0%) / Operating profit ¥156 100 million / Ordinary income ¥228 100 million, Segment Electronic Materials / Net Sales ¥520 100 million (YoY +130.0%) / Operating profit ¥15 100 million / Ordinary income ¥20 100 million, Segment Metal Processing / Net Sales ¥465 100 million (YoY +40.0%) / Operating profit ¥26 100 million / Ordinary income ¥27 100 million, Segment Heat Treatment / Net Sales ¥84 100 million (YoY +14.0%) / Operating profit ¥1 100 million / Ordinary income ¥2 100 million, Segment Other, Corporate and Eliminations / Net Sales ¥-446 100 million / Operating profit ¥4 100 million / Ordinary income ¥5 100 million
Breakdown of Factors Affecting the Change	Factors Impact of initiatives, changes in sales volume and other factors / Amount ¥40 100 million, Factors Volume variance revenue (volume variance) / Amount ¥-3 100 million, Factors Metal price variance revenue (metal price variance) / Amount ¥78 100 million, Factors Volume variance revenue and other factors (foreign exchange variance) / Amount ¥20 100 million, Factors Metal price and foreign exchange variances (excluding the Smelting segment) / Amount ¥27 100 million, Factors Raw material costs (differences in raw material purchase terms) / Amount ¥-10 100 million, Factors Electricity costs / Amount ¥3 100 million, Factors Inventory valuation gains and losses / Amount ¥57 100 million, Factors Manufacturing costs, SG&A expenses and R&D expenses / Amount ¥-35 100 million, Factors Non-Operating Income and Expenses / Amount ¥56 100 million, Factors Change in ordinary profit / Amount ¥239 100 million
Key KPIs	Indicator name Domestic waste intermediate-processing volume / Value 104 Index (FY2025 Q1=100) / Year on year against the same period last year +4 Index (FY2025 Q1=100), Indicator name Number of household appliances processed for recycling / Value 100 Index (FY2025 Q1=100) / Year on year against the same period last year ±0, Indicator name Southeast Asia waste-treatment revenue / Value 105 Index (FY2025 Q1=100) / Year on year against the same period last year +5 Index (FY2025 Q1=100), Indicator name Recycled raw materials handled (Kosaka Smelting) / Value 104 Index (FY2025 Q1=100) / Year on year against the same period last year +4 Index (FY2025 Q1=100), Indicator name Zinc production volume / Value 95 Index (FY2025 Q1=100) / Year on year against the same period last year -5 Index (FY2025 Q1=100), Indicator name LED sales volume / Value 94 Index (FY2025 Q1=100) / Year on year against the same period last year -6 Index (FY2025 Q1=100), Indicator name Silver powder sales volume / Value 127 Index (FY2025 Q1=100) / Year on year against the same period last year +27 Index (FY2025 Q1=100), Indicator name Copper products sales volume / Value 105 Index (FY2025 Q1=100) / Year on year against the same period last year +5 Index (FY2025 Q1=100), Indicator name Heat-treatment processing revenue / Value 106 Index (FY2025 Q1=100) / Year on year against the same period last year +6 Index (FY2025 Q1=100), Indicator name Industrial furnace revenue / Value 136 Index (FY2025 Q1=100) / Year on year against the same period last year +36 Index (FY2025 Q1=100)
Assumptions Underlying the Business Outlook	Assumptions Foreign Exchange / Value ¥155 /$, Assumptions Copper / Value $12,000 /t, Assumptions Zinc / Value $3,100 /t, Assumptions Indium / Value $600 /kg

Items this document does not state (18)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

Profit increased due to favorable movements in metal prices and foreign exchange rates, inventory valuation gains and gains on hedge transactions in the Smelting segment, and higher mining-related revenue.

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.