Results for this period
First quarter1 April 2026 to 30 June 2026Non-consolidated (standalone)Japanese 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.
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.
Sales increased because nickel sales volumes exceeded the level in the same period of the previous year, while selling prices also rose as LME prices increased. In terms of earnings, higher SG&A expenses resulting from increases in taxes and dues, including the local corporate enterprise tax based on external standards, and payment fees, together with the recognition of a ¥325 million loss on the valuation of crypto assets, contributed to the wider loss.
Information on material events or conditions related to the going concern assumption is provided. Although operating losses and negative operating cash flow have continued, the Company states that it has secured the funds required to operate the business for the foreseeable future and that no material uncertainty related to the going concern assumption has been identified. There are no applicable matters to disclose in the notes on the going concern assumption.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥179 million (YoY +13.2%) |
| Operating profit | ¥-162 million |
| Ordinary income | ¥-512 million |
| Profit attributable to owners of the parent | ¥-513 million |
| Net income per share | -¥2.90 |
| Equity ratio | End of the current fiscal period 82 / End of previous period 82.6 |
| Total assets | ¥5,491 million |
| Net assets | ¥4,522 million |
| Full-year earnings forecast | Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income To be determined |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Segment Treasury business / Current fiscal year Not disclosed / Prior-year period Not disclosed / yoy_pct Not disclosed, Segment Advisory Business / Current fiscal year Not disclosed / Prior-year period Not disclosed / yoy_pct Not disclosed, Segment Grid business / Current fiscal year Not disclosed / Prior-year period Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current fiscal year ¥179,999 thousand / Prior-year period ¥159,071 thousand / yoy_pct ¥13.2 thousand |
| Segment profit | Segment Treasury business / Current fiscal year Not disclosed / Prior-year period Not disclosed / yoy_pct Not disclosed, Segment Advisory Business / Current fiscal year ¥-1,500 thousand / Prior-year period ¥-2,277 thousand / yoy_pct Not disclosed, Segment Grid business / Current fiscal year ¥-2,384 thousand / Prior-year period Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current fiscal year ¥14,456 thousand / Prior-year period ¥-2,277 thousand / yoy_pct Not disclosed |
| Depreciation and amortization | ¥8 thousand |
| Disclosure regarding the going concern assumption | Information on material events or conditions related to the going concern assumption is provided. Although operating losses and negative operating cash flow have continued, the Company states that it has secured the funds required to operate the business for the foreseeable future and that no material uncertainty related to the going concern assumption has been identified. There are no applicable matters to disclose in the notes on the going concern assumption. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 177,722,409 Shares |
| Treasury Shares at Period-End | 2,909 Shares |
| Factors Behind Changes in Business Performance | Sales increased because nickel sales volumes exceeded the level in the same period of the previous year, while selling prices also rose as LME prices increased. In terms of earnings, higher SG&A expenses resulting from increases in taxes and dues, including the local corporate enterprise tax based on external standards, and payment fees, together with the recognition of a ¥325 million loss on the valuation of crypto assets, contributed to the wider loss. |
Items this document does not state (14)
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.SG&A expenses increased due to higher taxes and dues, including the local corporate enterprise tax based on external standards, and payment fees. In addition, the Company recognized a ¥325 million loss on the valuation of crypto assets held by the Company, reflecting their market value, under non-operating expenses. The full-year forecast remains undecided because the business environment, financing conditions and other factors are highly uncertain, making a reasonable estimate difficult.