Results for this period
Interim period (second quarter)1 April 2026 to 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Orders for waste treatment under environmental and recycling-related services, sales of information and communications products for AI servers, and sales of new energy-related products remained firm. Higher metal prices, a weaker yen against the US dollar, and valuation gains on hedging transactions associated with the decline in silver prices contributed to higher profit. Meanwhile, energy costs, purchasing terms for smelting raw materials, personnel expenses, and materials costs increased.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥495,092 million (YoY +56.1%) |
| Operating profit | ¥43,018 million (YoY +266.1%) |
| Ordinary income | ¥57,771 million (YoY +270.0%) |
| Profit attributable to owners of the parent | ¥42,023 million (YoY +208.4%) |
| Net income per share | ¥710.44 |
| Equity ratio | End of the current fiscal period 58.4 / End of previous period 57.3 |
| Total assets | ¥829,185 million |
| Net assets | ¥500,242 million |
| Cash flows from operating activities | ¥19,163 million |
| Cash flows from investing activities | ¥-14,300 million |
| Cash flows from financing activities | ¥-10,710 million |
| Cash and cash equivalents at end of period | ¥44,727 million |
| Full-year earnings forecast | Net Sales ¥1,000,000 million (YoY +34.2%) / Operating profit ¥71,500 million (YoY +109.1%) / Ordinary income ¥100,000 million (YoY +84.1%) / Profit attributable to owners of the parent ¥70,000 million (YoY +12.1%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales 1,000,000 / Operating profit 71,500 / Ordinary income 100,000 / Profit attributable to owners of the parent 70,000 |
| Annual Dividend Forecast | ¥368 → ¥415（+12.8%） |
| Segment revenue | Environment and Recycling ¥126,728 million (YoY +27.4%), Smelting ¥240,672 million (YoY +64.8%), Electronic materials ¥96,303 million (YoY +132.8%), Metal Processing ¥95,094 million (YoY +40.9%), Heat treatment ¥16,891 million (YoY +5.3%) |
| Segment profit | Environment and Recycling ¥8,322 million (YoY +34.3%), Smelting ¥39,430 million (YoY +791.3%), Electronic materials ¥4,223 million, Metal Processing ¥5,045 million (YoY +107.8%), Heat treatment ¥543 million (YoY -49.2%) |
| Depreciation and amortization | ¥14,238 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Insurance proceeds received ¥262 million, Gain on sale of non-current assets ¥13 million, Other ¥146 million / Extraordinary loss Loss on disposal of fixed assets ¥713 million, Other ¥218 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 0 / Excluded 0 / Company name No |
| Material subsequent events | At a meeting of the Board of Directors held on 11 November 2026, the Company resolved to acquire up to 2,400,000 shares of treasury stock through market purchases during the period from 12 November 2026 to 31 March 2027, subject to a maximum total acquisition cost of ¥16,000 million. |
| 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 | 2,829,219 |
| Factors Behind Changes in Business Performance | Orders for waste treatment under environmental and recycling-related services, sales of information and communications products for AI servers, and sales of new energy-related products remained firm. Higher metal prices, a weaker yen against the US dollar, and valuation gains on hedging transactions associated with the decline in silver prices contributed to higher profit. Meanwhile, energy costs, purchasing terms for smelting raw materials, personnel expenses, and materials costs increased. |
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.Demand remained firm for waste-treatment orders, information and communications products for AI servers, and new energy-related products. Higher metal prices, a weaker yen against the US dollar, and valuation gains on hedging transactions associated with the decline in silver prices contributed to higher profit, while energy costs, purchasing terms for smelting raw materials, personnel expenses, and materials costs weighed on earnings. The full-year earnings forecast and dividend forecast were revised in light of interim-period results and current business and market conditions.