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Presentation materials for financial results5729NIHON SEIKO CO.,LTDIron & Steel, Nonferrous Metals

Supplementary Explanatory Materials on First-Quarter Financial Results for the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, net sales decreased 13.0% year on year and operating income decreased 81.3%, resulting in lower sales and lower earnings. The decline in antimony prices had a significant impact, while the Metal Powder Business reported higher sales and earnings, mainly due to an increase in sales volume.

Worth reading
61In focus
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
81.3
Year-on-year decline 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 ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,393 million-13.0%
Operating profit¥538 million-81.3%
Ordinary income¥528 million-81.4%
Net income¥357 million-81.8%
Results for the three months of the current quarter
Net Sales
¥9,393 million
Operating profit
¥538 million
Ordinary income
¥528 million
Quarterly net income
¥357 million
Full-year earnings forecast
Net Sales
¥34,400 million
Operating profit
¥1,710 million
Ordinary income
¥1,670 million
Net income
¥1,120 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales27.3%
Operating profit31.5%
Ordinary income31.6%
Net income31.9%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Impact of ingot prices and other factors-3,797
Increase in sales volume and other factors in the Antimony Business383
Impact of metal prices and other factors1,666
Increase in sales volume and other factors in the Metal Powder Business350
Decrease in other businesses-2
Operating profit
Decrease due to the impact of sales in the Antimony Business-2,648
Decrease in expenses in the Antimony Business26
Increase due to the impact of sales in the Metal Powder Business295
Increase in expenses in the Metal Powder Business-36
Decrease in other businesses-4
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Antimony ingot
24,000 US dollars/tonne
Period CoveredSecond to fourth quarters of fiscal 2026
Copper
2,130 yen/kg
Period CoveredSecond to fourth quarters of fiscal 2026
Foreign exchange
155 Yen/dollar
Period CoveredSecond to fourth quarters of fiscal 2026
First-quarter results
Antimony ingot
26,350 US dollars/tonne
Copper
2,219 yen/kg
Foreign exchange
160 Yen/dollar
Key KPIsA metric the company considers important as a management benchmark.
  • Antimony Business sales volume1,139 tonnes
    Year on year against the same period last year+4.6%
  • Metal Powder Business sales volume589 tonnes
    Year on year against the same period last year+14.8%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Antimony business
Sales volume
1,139 tonnes+4.6%
Metal Powder Business
Sales volume
589 tonnes+14.8%
Segment results
Antimony business
Net Sales
¥5,003 million-40.6%
Segment profit
¥157 million-94.3%
Sales volume
1,139 tonnes+4.6%
Metal Powder Business
Net Sales
¥4,379 million+85.3%
Segment profit
¥371 million+328.4%
Sales volume
589 tonnes+14.8%
Capital expenditures
¥108 million
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥9,393 million (YoY -13.0%)
Operating profit¥538 million (YoY -81.3%)
Ordinary income¥528 million (YoY -81.4%)
Net income¥357 million (YoY -81.8%)
Results for the three months of the current quarterNet Sales ¥9,393 million / Operating profit ¥538 million / Ordinary income ¥528 million / Quarterly net income ¥357 million
Full-year earnings forecastNet Sales ¥34,400 million / Operating profit ¥1,710 million / Ordinary income ¥1,670 million / Net income ¥1,120 million
Progress against full-year forecastNet Sales 27.3% / Operating profit 31.5% / Ordinary income 31.6% / Net income 31.9%
Segment resultsAntimony business Net Sales ¥5,003 million (YoY -40.6%) / Segment profit ¥157 million (YoY -94.3%) / Sales volume 1,139 tonnes (YoY +4.6%) / Metal Powder Business Net Sales ¥4,379 million (YoY +85.3%) / Segment profit ¥371 million (YoY +328.4%) / Sales volume 589 tonnes (YoY +14.8%)
Breakdown of Factors Affecting the ChangeNet Sales Impact of ingot prices and other factors -3,797 / Increase in sales volume and other factors in the Antimony Business 383 / Impact of metal prices and other factors 1,666 / Increase in sales volume and other factors in the Metal Powder Business 350 / Decrease in other businesses -2 / Operating profit Decrease due to the impact of sales in the Antimony Business -2,648 / Decrease in expenses in the Antimony Business 26 / Increase due to the impact of sales in the Metal Powder Business 295 / Increase in expenses in the Metal Powder Business -36 / Decrease in other businesses -4
Key KPIsAntimony Business sales volume 1,139 tonnes, Metal Powder Business sales volume 589 tonnes
Unit price and quantity metricsAntimony business Sales volume 1,139 tonnes (YoY +4.6%) / Selling price Not disclosed / Metal Powder Business Sales volume 589 tonnes (YoY +14.8%) / Selling price Not disclosed
Assumptions Underlying the Business OutlookAntimony ingot 24,000 US dollars/tonne / Copper 2,130 yen/kg / Foreign exchange 155 Yen/dollar / First-quarter results Antimony ingot 26,350 US dollars/tonne / Copper 2,219 yen/kg / Foreign exchange 160 Yen/dollar
Capital expenditures¥108 million
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.

In the Antimony Business, sales volume increased, but lower selling prices resulting from the decline in antimony ingot prices and inventory-related factors contributed to lower sales and earnings. In the Metal Powder Business, higher sales volume for electronic components and powder metallurgy applications, higher selling prices reflecting rising raw material costs, and improved operating rates contributed to higher sales and earnings.

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Supplementary Explanatory Materials on First-Quarter Financial Results for the Fiscal Year Ending March 2027 | NIHON SEIKO CO.,LTD (5729) timely disclosure | Komori