Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
55.8
Decrease in revenue (¥100 million)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 2026, full year6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales833.9 Hundreds of millions of yen-6.3%
Operating profit44 Hundreds of millions of yen-33.8%
Ordinary income47.4 Hundreds of millions of yen-24.5%
Net income28.5 Hundreds of millions of yen-33.1%
Operating profit margin5.3 %
Results for the three months of the current quarter
Net Sales
220.7 Hundreds of millions of yen
Operating profit
14.7 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Metallic titanium business
Raw materials and electricity
7.4 Hundreds of millions of yen
Fixed Costs
7.5 Hundreds of millions of yen
Depreciation and amortization, inventory impact and other factors
11.7 Hundreds of millions of yen
Price
-13.3 Hundreds of millions of yen
Foreign Exchange
-4.5 Hundreds of millions of yen
Sales volume
-37.1 Hundreds of millions of yen
Catalyst Business
Sales volume
15.6 Hundreds of millions of yen
Foreign Exchange
-0.5 Hundreds of millions of yen
Raw material costs, inventory impact and other factors
-6.6 Hundreds of millions of yen
Chemicals Business
Sales volume
31.4 Hundreds of millions of yen
Raw material costs and prices
-13.4 Hundreds of millions of yen
Ni hedging, inventory impact and other factors
-9.3 Hundreds of millions of yen
Corporate Expenses
-10.6 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate
FY2025¥150.7/$
FY2024¥152.6/$
Period-end exchange rate
End of March 2026¥159.9/$
End of March 2025¥149.5/$
New initiatives
- Approval of the share exchange agreement with JX Advanced Metals Corporation
- Scheduled delisting effective 28 May 2026
Segment results
Metallic titanium business
Net Sales
544.3 Hundreds of millions of yen-17.0%
Operating profit
43.8 Hundreds of millions of yen-39.3%
Catalyst Business
Net Sales
119.2 Hundreds of millions of yen+11.6%
Operating profit
28.4 Hundreds of millions of yen+17.4%
Chemicals Business
Net Sales
170.4 Hundreds of millions of yen+34.0%
Operating profit
1.6 Hundreds of millions of yen
Corporate Expenses
Operating profit
-29.8 Hundreds of millions of yen
Financial targets
Equity ratio
End of March 2026
46.4 %
End of March 2025
46.8 %
Capital expenditures
150 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | 833.9 Hundreds of millions of yen (YoY -6.3%) |
| Operating profit | 44 Hundreds of millions of yen (YoY -33.8%) |
| Ordinary income | 47.4 Hundreds of millions of yen (YoY -24.5%) |
| Net income | 28.5 Hundreds of millions of yen (YoY -33.1%) |
| Operating profit margin | 5.3 % |
| Results for the three months of the current quarter | Net Sales 220.7 Hundreds of millions of yen / Operating profit 14.7 Hundreds of millions of yen |
| Segment results | Metallic titanium business Net Sales 544.3 Hundreds of millions of yen (YoY -17.0%) / Operating profit 43.8 Hundreds of millions of yen (YoY -39.3%) / Catalyst Business Net Sales 119.2 Hundreds of millions of yen (YoY +11.6%) / Operating profit 28.4 Hundreds of millions of yen (YoY +17.4%) / Chemicals Business Net Sales 170.4 Hundreds of millions of yen (YoY +34.0%) / Operating profit 1.6 Hundreds of millions of yen / Corporate Expenses Operating profit -29.8 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Metallic titanium business Raw materials and electricity 7.4 Hundreds of millions of yen / Fixed Costs 7.5 Hundreds of millions of yen / Depreciation and amortization, inventory impact and other factors 11.7 Hundreds of millions of yen / Price -13.3 Hundreds of millions of yen / Foreign Exchange -4.5 Hundreds of millions of yen / Sales volume -37.1 Hundreds of millions of yen / Catalyst Business Sales volume 15.6 Hundreds of millions of yen / Foreign Exchange -0.5 Hundreds of millions of yen / Raw material costs, inventory impact and other factors -6.6 Hundreds of millions of yen / Chemicals Business Sales volume 31.4 Hundreds of millions of yen / Raw material costs and prices -13.4 Hundreds of millions of yen / Ni hedging, inventory impact and other factors -9.3 Hundreds of millions of yen / Corporate Expenses -10.6 Hundreds of millions of yen |
| Assumptions Underlying the Business Outlook | Average exchange rate FY2025 ¥150.7/$ / FY2024 ¥152.6/$ / Period-end exchange rate End of March 2026 ¥159.9/$ / End of March 2025 ¥149.5/$ |
| Financial targets | Equity ratio End of March 2026 46.4 % / End of March 2025 46.8 % |
| Capital expenditures | 150 Hundreds of millions of yen |
| New initiatives | Approval of the share exchange agreement with JX Advanced Metals Corporation, Scheduled delisting effective 28 May 2026 |
Items this document does not state (17)
Gross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.In the titanium metal business, sales volume, prices and foreign exchange were factors reducing earnings. Although sales volume and other factors increased earnings in the catalyst and chemicals businesses, consolidated operating income declined due in part to higher corporate expenses. The reason no earnings forecast has been disclosed for the fiscal year ending March 2027 is that the Company's shares are scheduled to be delisted before the share exchange with JX Advanced Metals Corporation takes effect.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.