Results for this period
Full year1 April 2025–31 March 2026ConsolidatedIFRSThe 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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the precious metals recycling business, operating profit increased due to improved profitability on individual transactions, improvements in the cost structure, and the impact of precious metals prices. In the North American refining-related business, operating profit increased due to increased arrivals of gold and silver feedstock and efforts to respond to fluctuations in gold and silver supply and demand arising from changes in U.S. trade policy and global financial conditions.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥569,992 million (YoY +12.6%) |
| Operating profit | ¥37,088 million (YoY +85.6%) |
| Ordinary income | ¥34,706 million (YoY +69.4%) |
| Profit attributable to owners of the parent | ¥24,441 million (YoY +70.7%) |
| Net income per share | ¥315.49 |
| Operating Margin | 6.5% |
| Equity ratio | End of the current fiscal period 37.5% / End of previous period 25.8% |
| Total assets | ¥615,388 million |
| Net assets | ¥230,555 million |
| Cash flows from operating activities | ¥-99,385 million |
| Cash flows from investing activities | ¥-349 million |
| Cash flows from financing activities | ¥91,878 million |
| Cash and cash equivalents at end of period | ¥10,336 million |
| Full-year earnings forecast | Net Sales ¥680,000 million (YoY +19.3%) / Operating profit ¥41,000 million (YoY +10.8%) / Ordinary income ¥40,000 million (YoY +15.5%) / Net income ¥29,000 million (YoY +19.0%) |
| Annual Dividend Forecast | ¥80 → ¥135（+68.8%） |
| Payout ratio | 39.6% (actual for the fiscal year ended March 2026) |
| Shareholder Return Policy | Maintain stable dividend payments, with a payout ratio of approximately 40% as a guideline |
| Segment revenue | Precious Metals Business ¥569,863 million, Environmental Preservation Business ¥0 million |
| Segment profit | Precious Metals Business ¥35,424 million, Environmental Preservation Business ¥1,845 million |
| Depreciation and amortization | ¥2,978 million |
| Impairment loss | ¥494 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | Number of newly consolidated companies 0 / Name of newly added company Not disclosed / Number of companies removed from consolidation 0 / Excluded Company Name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 86,853,534 Shares |
| Treasury Shares at Period-End | 909,016 Shares |
| Factors Behind Changes in Business Performance | In the precious metals recycling business, operating profit increased due to improved profitability on individual transactions, improvements in the cost structure, and the impact of precious metals prices. In the North American refining-related business, operating profit increased due to increased arrivals of gold and silver feedstock and efforts to respond to fluctuations in gold and silver supply and demand arising from changes in U.S. trade policy and global financial conditions. |
Items this document does not state (4)
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 precious metals recycling business, operating profit increased due to improved profitability on individual transactions, improvements in the cost structure, and the impact of precious metals prices. In the North American refining-related business, operating profit increased as a result of responding to fluctuations in gold and silver supply and demand arising from increased arrivals of gold and silver feedstock, changes in U.S. trade policy, and changes in global financial conditions.