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Financial results presentation5729NIHON SEIKO CO.,LTDIron and Nonferrous Metals

Supplementary Explanatory Materials: Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

In the interim period of fiscal 2026, consolidated net sales fell 13.5% year on year, operating income fell 77.4%, and net income fell 78.1%, resulting in lower sales and earnings. The decline in the average selling price in the antimony business weighed on overall results, while the metal powder business posted higher sales and earnings on increases in sales volume and unit prices.

Worth reading
67In 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
-13.5
% (year-on-year change in consolidated net sales)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥18,035 million-13.5%
Operating profit¥1,085 million-77.4%
Ordinary income¥1,060 million-77.7%
Net income¥722 million-78.1%
Results for the three months of the current quarter
Antimony business
Net Sales
¥4,479 million
Segment profit
¥262 million
Sales volume
1,070 tonnes
Metal Powder Business
Net Sales
¥3,652 million
Segment profit
¥283 million
Sales volume
568 tonnes
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 Sales52.4%
Operating profit63.5%
Ordinary income63.5%
Net income64.5%
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
Antimony business_Impact of ingot prices, etc.-7,818
Antimony business_Increase in sales volume, etc.1,363
Metal powder business_Impact of metal prices, etc.3,169
Metal powder business_Increase in sales volume, etc.482
Operating profit
Antimony business_Decrease due to sales impact-4,257
Antimony business_Decrease in SG&A expenses32
Metal powder business_Increase due to sales impact574
Metal powder business_Increase in SG&A expenses-58
Decrease in other businesses-8
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Antimony ingot
First-half average23,050 US dollars/tonne
Second-half assumptions19,000 US dollars/tonne
Copper
First-half average2,278 yen/kg
Second-half assumptions2,360 yen/kg
Foreign exchange
Second-half assumptions160 Yen/dollar
New initiatives
  • Construction and completion of a new office building at the Tsukuba Plant of 日本アトマイズ加工株式会社
  • Holding of the 2026 Summer Meeting
Key KPIsA metric the company considers important as a management benchmark.
  • Antimony Business sales volume2,209 tonnes
    Year on year against the same period last year+8.6%
  • Metal Powder Business sales volume1,157 tonnes
    Year on year against the same period last year+9.9%
Segment results
Antimony business
Net Sales
¥9,482 million-40.5%
Segment profit
¥419 million-91.0%
Sales volume
2,209 tonnes+8.6%
Metal Powder Business
Net Sales
¥8,535 million+74.8%
Segment profit
¥654 million+372.0%
Sales volume
1,157 tonnes+9.9%
Capital expenditures
¥538 millions purchases of property, plant and equipment
Contents of this document
ItemDetails
Document typeSupplementary Materials to the Earnings Report
Fiscal Period CoveredFiscal year ending March 2027, second quarter (first half)
Net Sales¥18,035 million (YoY -13.5%)
Operating profit¥1,085 million (YoY -77.4%)
Ordinary income¥1,060 million (YoY -77.7%)
Net income¥722 million (YoY -78.1%)
Results for the three months of the current quarterAntimony business Net Sales ¥4,479 million / Segment profit ¥262 million / Sales volume 1,070 tonnes / Metal Powder Business Net Sales ¥3,652 million / Segment profit ¥283 million / Sales volume 568 tonnes
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 52.4% / Operating profit 63.5% / Ordinary income 63.5% / Net income 64.5%
Segment resultsAntimony business Net Sales ¥9,482 million (YoY -40.5%) / Segment profit ¥419 million (YoY -91.0%) / Sales volume 2,209 tonnes (YoY +8.6%) / Metal Powder Business Net Sales ¥8,535 million (YoY +74.8%) / Segment profit ¥654 million (YoY +372.0%) / Sales volume 1,157 tonnes (YoY +9.9%)
Breakdown of Factors Affecting the ChangeNet Sales Antimony business_Impact of ingot prices, etc. -7,818 / Antimony business_Increase in sales volume, etc. 1,363 / Metal powder business_Impact of metal prices, etc. 3,169 / Metal powder business_Increase in sales volume, etc. 482 / Operating profit Antimony business_Decrease due to sales impact -4,257 / Antimony business_Decrease in SG&A expenses 32 / Metal powder business_Increase due to sales impact 574 / Metal powder business_Increase in SG&A expenses -58 / Decrease in other businesses -8
Key KPIsIndicator name Antimony Business sales volume / Value 2,209 tonnes / Year on year against the same period last year +8.6%, Indicator name Metal Powder Business sales volume / Value 1,157 tonnes / Year on year against the same period last year +9.9%
Assumptions Underlying the Business OutlookAntimony ingot First-half average 23,050 US dollars/tonne / Second-half assumptions 19,000 US dollars/tonne / Copper First-half average 2,278 yen/kg / Second-half assumptions 2,360 yen/kg / Foreign exchange Second-half assumptions 160 Yen/dollar
Capital expenditures¥538 millions (purchases of property, plant and equipment)
New initiativesConstruction and completion of a new office building at the Tsukuba Plant of 日本アトマイズ加工株式会社, Holding of the 2026 Summer Meeting
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber 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&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 antimony business, although sales volume increased, antimony ingot prices fell approximately 60% year on year, and lower selling prices and inventory effects weighed on profit. In the metal powder business, higher sales volume for electronic materials and powder metallurgy, higher selling prices reflecting increases in raw material metal prices, and improved operating rates contributed to higher sales and earnings.

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Supplementary Explanatory Materials: Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | NIHON SEIKO CO.,LTD (5729) timely disclosure | Komori