Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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, recovery volumes of gold in the electronics field and palladium in the catalyst field increased, as did sales volumes of recycled precious metals sold at a price premium. Initiatives to improve profitability in the jewelry field and an increased market share in the dental field contributed to higher operating profit. In the North American refining-related business, receipts of gold and silver raw materials from mines and sales volumes in the products field increased, while the trading field appropriately captured arbitrage opportunities.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥365,164 million (YoY +53.3%) |
| Operating profit | ¥28,729 million (YoY +87.4%) |
| Ordinary income | ¥28,675 million (YoY +106.8%) |
| Profit attributable to owners of the parent | ¥20,933 million (YoY +92.9%) |
| Net income per share | ¥243.53 |
| Equity ratio | End of the current fiscal period 32.2 / End of previous period 37.5 |
| Total assets | ¥618,349 million |
| Net assets | ¥199,015 million |
| Cash flows from operating activities | ¥63,168 million |
| Cash flows from investing activities | ¥-2,443 million |
| Cash flows from financing activities | ¥-55,233 million |
| Cash and cash equivalents at end of period | ¥15,798 million |
| Full-year earnings forecast | Net Sales ¥700,000 million (YoY +22.8%) / Operating profit ¥52,000 million (YoY +40.2%) / Ordinary income ¥51,000 million (YoY +46.9%) / Net income ¥36,000 million (YoY +47.3%) |
| Revision to Earnings Forecast | Net Sales ¥680,000 million / Operating profit ¥41,000 million / Ordinary income ¥40,000 million / Net income ¥29,000 million → Net Sales ¥700,000 million / Operating profit ¥52,000 million / Ordinary income ¥51,000 million / Net income ¥36,000 million（Net Sales 2.9 / Operating profit 26.8 / Ordinary income 27.5 / Net income 24.1） |
| Annual Dividend Forecast | ¥125 per share → ¥155 per share（+24.0%） |
| Segment revenue | Precious Metals Business ¥365,085 million, Environmental Preservation Business ¥0 million |
| Segment profit | Precious Metals Business ¥27,716 million, Environmental Preservation Business ¥1,109 million |
| Depreciation and amortization | ¥1,706 million |
| Impairment loss | None recorded in the current period (impairment loss in the statement of cash flows: "-") |
| 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 | No material changes (0 additions, 0 exclusions) |
| Material subsequent events | No applicable matters |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 86,853,534 shares |
| Treasury Shares at Period-End | 860,324 shares |
| Factors Behind Changes in Business Performance | In the precious metals recycling business, recovery volumes of gold in the electronics field and palladium in the catalyst field increased, as did sales volumes of recycled precious metals sold at a price premium. Initiatives to improve profitability in the jewelry field and an increased market share in the dental field contributed to higher operating profit. In the North American refining-related business, receipts of gold and silver raw materials from mines and sales volumes in the products field increased, while the trading field appropriately captured arbitrage opportunities. |
Items this document does not state (6)
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.Operating profit increased due to higher recovery volumes of gold and palladium, increased receipts of gold and silver raw materials from mines, higher sales volumes, initiatives to improve profitability, an increased market share, and the appropriate capture of arbitrage opportunities. The company stated that it revised its dividend forecast after comprehensively taking into account business performance trends and the current business environment.