Revised forecast
Fiscal year ending March 2027 · Six months and full yearPrevious forecast published Announced on 1 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Although precious metals prices were below assumptions, revenue in the electronics field increased against a backdrop of demand related to AI data centres, and sales volumes of precious metals increased as factory inventories declined. Profit exceeded the forecast due to increased arbitrage transactions in the trading business of the North American refining operations and lower financial expenses. The full-year forecast was revised based on interim results and the current business environment.
| Item | Details |
|---|---|
| Net Sales | ¥680,000 million → ¥700,000 million（+2.9%） |
| Operating profit | ¥41,000 million → ¥52,000 million（+26.8%） |
| Profit attributable to owners of the parent | ¥29,000 million → ¥36,000 million（+24.1%） |
| Net income per share | 337.43 Yen → 422.98 Yen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Publication date of previous forecast | Announced on 1 May 2026 |
| Previous-period results | Second quarter: revenue of ¥238,239 million, operating profit of ¥15,332 million, profit before tax of ¥13,869 million, interim profit attributable to owners of the parent of ¥10,849 million, and basic interim earnings per share of ¥141.60. Full year: revenue of ¥569,992 million, operating profit of ¥37,088 million, profit before tax of ¥34,706 million, profit for the year attributable to owners of the parent of ¥24,441 million, and basic earnings per share of ¥315.49. |
| Reason for the revision | Although precious metals prices were below assumptions, revenue in the electronics field increased against a backdrop of demand related to AI data centres, and sales volumes of precious metals increased as factory inventories declined. Profit exceeded the forecast due to increased arbitrage transactions in the trading business of the North American refining operations and lower financial expenses. The full-year forecast was revised based on interim results and the current business environment. |
| Dividend forecast revision | The interim dividend was revised to ¥75 per share, an increase of ¥10 from the previous forecast of ¥65, and the year-end dividend forecast was revised to ¥80, an increase of ¥10 from the previous forecast of ¥70. The full-year dividend forecast is ¥155. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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, although precious metals prices were below assumptions, revenue in the electronics field increased against a backdrop of demand related to AI data centres, and sales volumes of precious metals also increased as factory inventories declined. Profit exceeded the previous forecast due to increased arbitrage transactions in the trading business of the North American refining operations and lower financial expenses. The full-year forecast was revised based on interim results and the current business environment.