Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
759
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026Non-consolidated (separate)Japanese GAAPNet Sales355¥ millionYear on year +18.2%
Operating profit-281¥ million
Ordinary income445¥ million
Net income attributable to owners of the parent378¥ million
The 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.
Net income per share¥2.14
Financial position at period-end
Total assets6,399¥ million
of which net assets 5,362 ¥ millionEquity ratio 83.5%vs. prior year-end +0.9pt
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.
Cash inflows and outflows
Operating-376,858
Investment-1,132,936
Financials+253,942
Net change-1,255,852
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥645,551 thousand
Segment revenueSegment Treasury business / Current interim period ¥3,579 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Advisory Business / Current interim period Not disclosed / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Grid business / Current interim period Not disclosed / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current interim period ¥351,839 thousand / Same period of the previous year ¥300,111 thousand / yoy_pct ¥17.2 thousand
Segment profitSegment Treasury business / Current interim period ¥3,579 thousand / Same period of the previous year ¥-2,030 thousand / yoy_pct Not disclosed, Segment Advisory Business / Current interim period ¥-2,000 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Grid business / Current interim period ¥-4,647 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current interim period ¥17,438 thousand / Same period of the previous year ¥-3,919 thousand / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net SalesUndecided
Operating profitUndecided
Ordinary incomeUndecided
Net incomeUndecided
Revision to Earnings ForecastNo
Annual Dividend Forecast¥0 → ¥0
Factors Behind Changes in Business Performance
Revenue increased due to higher nickel selling prices and sales volume, while higher selling, general and administrative expenses due to increases in the pro forma standard taxation, payment fees and retirement benefit expenses, among other items, resulted in an operating loss. Ordinary profit and interim net income turned profitable due to a ¥759 million gain on the valuation of crypto assets and other factors.
Disclosure regarding the going concern assumption
There is a description of material events and other matters. Although the Company has continued to incur operating losses and negative operating cash flow, no material uncertainty regarding the going concern assumption has been identified, and there are no matters to report in the notes regarding the going concern assumption.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Available見積りの変更 Available修正再表示 No
Material subsequent eventsIssuance and partial exercise of the 11th Stock Acquisition Rights. On 13 October 2026, 800,000 units were issued, and 30,000 units were exercised between 14 October and 31 October, resulting in the issuance of 3,000,000 common shares. Accordingly, the ¥100 million 6th unsecured straight corporate bond was redeemed before maturity.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of membership rights ¥4,181 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥81 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End177,722,409
Treasury Shares at Period-End2,971
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (separate) |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥355 million (YoY +18.2%) |
| Operating profit | ¥-281 million |
| Ordinary income | ¥445 million |
| Profit attributable to owners of the parent | ¥378 million |
| Net income per share | ¥2.14 |
| Equity ratio | End of the current fiscal period 83.5 / End of previous period 82.6 |
| Total assets | ¥6,399 million |
| Net assets | ¥5,362 million |
| Cash flows from operating activities | ¥-376,858 thousand |
| Cash flows from investing activities | ¥-1,132,936 thousand |
| Cash flows from financing activities | ¥253,942 thousand |
| Cash and cash equivalents at end of period | ¥645,551 thousand |
| Full-year earnings forecast | Net Sales Undecided / Operating profit Undecided / Ordinary income Undecided / Net income Undecided |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥0 → ¥0 |
| Segment revenue | Segment Treasury business / Current interim period ¥3,579 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Advisory Business / Current interim period Not disclosed / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Grid business / Current interim period Not disclosed / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current interim period ¥351,839 thousand / Same period of the previous year ¥300,111 thousand / yoy_pct ¥17.2 thousand |
| Segment profit | Segment Treasury business / Current interim period ¥3,579 thousand / Same period of the previous year ¥-2,030 thousand / yoy_pct Not disclosed, Segment Advisory Business / Current interim period ¥-2,000 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Grid business / Current interim period ¥-4,647 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed, Segment Metals and real estate business / Current interim period ¥17,438 thousand / Same period of the previous year ¥-3,919 thousand / yoy_pct Not disclosed |
| Depreciation and amortization | ¥81 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of membership rights ¥4,181 thousand / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | There is a description of material events and other matters. Although the Company has continued to incur operating losses and negative operating cash flow, no material uncertainty regarding the going concern assumption has been identified, and there are no matters to report in the notes regarding the going concern assumption. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Available / Change in accounting estimate Available / Restatement No |
| Material subsequent events | Issuance and partial exercise of the 11th Stock Acquisition Rights. On 13 October 2026, 800,000 units were issued, and 30,000 units were exercised between 14 October and 31 October, resulting in the issuance of 3,000,000 common shares. Accordingly, the ¥100 million 6th unsecured straight corporate bond was redeemed before maturity. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 177,722,409 |
| Treasury Shares at Period-End | 2,971 |
| Factors Behind Changes in Business Performance | Revenue increased due to higher nickel selling prices and sales volume, while higher selling, general and administrative expenses due to increases in the pro forma standard taxation, payment fees and retirement benefit expenses, among other items, resulted in an operating loss. Ordinary profit and interim net income turned profitable due to a ¥759 million gain on the valuation of crypto assets and other factors. |
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation
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 due to higher nickel selling prices and sales volume. The operating loss resulted from higher selling, general and administrative expenses due to increases in the pro forma standard taxation, payment fees and retirement benefit expenses, among other items. Ordinary profit and interim net income resulted from the recognition of a ¥759 million gain on the valuation of crypto assets, gains on the sale of investment securities and gains on the sale of membership rights, among other items.
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.