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Financial results presentationFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥27,448 million-15.3%
Operating profit¥2,001 million-73.8%
Ordinary income¥1,830 million-75.6%
Net income¥1,177 million-76.8%
Operating profit margin
Current fiscal year7.3%
Prior-year period23.6%
Results for the three months of the current quarter
Net Sales
¥27,448 million
Operating profit
¥2,001 million
Ordinary income
¥1,830 million
Profit attributable to owners of parent for the quarter
¥1,177 million
Full-year earnings forecast
Net Sales
¥107,400 million
Operating profit
¥8,700 million
Ordinary income
¥7,800 million
Profit attributable to owners of the parent
¥5,000 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 Sales25.6%
Operating profit23.0%
Ordinary income23.5%
Profit attributable to owners of the parent23.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress exceeded plan in the three core segmentsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Waste treatment and recycling business-8,351
Resource recycling business2,569
Renewable energy business1,232
Other-401
Operating profit
Waste treatment and recycling business-6,070
Resource recycling business1,147
Renewable energy business-375
Other-171
Consolidated adjustments-170
New initiatives
- Upward revision of first-half and full-year earnings forecasts
- Strengthening of capital ties with みずほリース
- Capital and business alliance with エム・エム・プラスチック
- Partnership agreements with Inagi City, Tokyo, and Narashino City, Chiba Prefecture
- Securing approximately 100,000 tsubo of business-use land adjacent to Ichihara City
- Decision to open the Ichihara Sorting Center
- Large-scale shredder upgrade and PDM implementation at the River Kawashima facility
- Business alliance with TERRA for solar sharing
Key KPIsA metric the company considers important as a management benchmark.
- Volume sold to retail electricity customers5.4 timesYear on year against the same period last year5.4 times
- Ferrous scrap price at beginning of period¥50,000 /t
- Ferrous scrap price at end of period¥54,000 /t
- Copper benchmark price at beginning of period¥2,040,000 /t
- Copper benchmark price at end of period¥2,240,000 /t
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Volume sold to retail electricity customers5.4 times year on year
- Retail electricity pricesHigher
Segment results
- Waste treatment and recycling businessNet Sales¥7,773 millionYear-on-year change in revenue-51.8%Operating profit¥1,051 millionYear-on-year operating profit growth-85.2%
- Resource recycling businessNet Sales¥13,370 millionYear-on-year change in revenue+23.8%Operating profit¥1,827 millionYear-on-year operating profit growth+168.6%
- Renewable energy businessNet Sales¥4,714 millionYear-on-year change in revenue+35.4%Operating profit¥-390 million
- OtherNet Sales¥1,590 millionYear-on-year change in revenue-20.1%Operating profit¥41 millionYear-on-year operating profit growth-80.7%
Medium-term management plan targets
PlanTRE Medium-Term Management Plan 2030
Target fiscal yearFiscal year ending March 2027 to fiscal year ending March 2031
Target for the fiscal year ending March 2027
Net Sales105,600
Business profit7,500
Business profit margin7.1%
Ordinary income6,500
Profit attributable to owners of the parent4,100
EBITDA14,900
Target for the fiscal year ending March 2031
Net Sales135,000
Business profit13,500
Business profit margin10.0%
Ordinary income12,400
Profit attributable to owners of the parent8,060
EBITDA24,400
Financial targets
Equity ratio
Actual results48%
TargetMaintain at 40% or higher
Market Size / Share
Environmental industry market size in JapanApproximately ¥136 trillion
Circular economy-related market in 2030¥80 trillion
Number of stores and locations
End of period68 locations
Number of employees
Number of Employees2,453 people
Reference dateEnd of June 2026
Capital expenditures
¥3,466 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥27,448 million (YoY -15.3%) |
| Operating profit | ¥2,001 million (YoY -73.8%) |
| Ordinary income | ¥1,830 million (YoY -75.6%) |
| Net income | ¥1,177 million (YoY -76.8%) |
| Operating profit margin | Current fiscal year 7.3% / Prior-year period 23.6% / Year-on-year change (points) Not disclosed |
| Results for the three months of the current quarter | Net Sales ¥27,448 million / Operating profit ¥2,001 million / Ordinary income ¥1,830 million / Profit attributable to owners of parent for the quarter ¥1,177 million |
| Full-year earnings forecast | Net Sales ¥107,400 million / Operating profit ¥8,700 million / Ordinary income ¥7,800 million / Profit attributable to owners of the parent ¥5,000 million |
| Progress against full-year forecast | Net Sales 25.6% / Operating profit 23.0% / Ordinary income 23.5% / Profit attributable to owners of the parent 23.5% |
| Self-assessment against the plan | Progress exceeded plan in the three core segments |
| Segment results | Segment Waste treatment and recycling business / Net Sales ¥7,773 million / Year-on-year change in revenue -51.8% / Operating profit ¥1,051 million / Year-on-year operating profit growth -85.2%, Segment Resource recycling business / Net Sales ¥13,370 million / Year-on-year change in revenue +23.8% / Operating profit ¥1,827 million / Year-on-year operating profit growth +168.6%, Segment Renewable energy business / Net Sales ¥4,714 million / Year-on-year change in revenue +35.4% / Operating profit ¥-390 million / Year-on-year operating profit growth Not disclosed, Segment Other / Net Sales ¥1,590 million / Year-on-year change in revenue -20.1% / Operating profit ¥41 million / Year-on-year operating profit growth -80.7% |
| Breakdown of Factors Affecting the Change | Net Sales Waste treatment and recycling business -8,351 / Resource recycling business 2,569 / Renewable energy business 1,232 / Other -401 / Operating profit Waste treatment and recycling business -6,070 / Resource recycling business 1,147 / Renewable energy business -375 / Other -171 / Consolidated adjustments -170 |
| Key KPIs | Indicator Volume sold to retail electricity customers / Value 5.4 times / Year on year against the same period last year 5.4 times, Indicator Ferrous scrap price at beginning of period / Value ¥50,000 /t / Year on year against the same period last year Not disclosed, Indicator Ferrous scrap price at end of period / Value ¥54,000 /t / Year on year against the same period last year Not disclosed, Indicator Copper benchmark price at beginning of period / Value ¥2,040,000 /t / Year on year against the same period last year Not disclosed, Indicator Copper benchmark price at end of period / Value ¥2,240,000 /t / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator Volume sold to retail electricity customers / Value 5.4 times year on year, Indicator Retail electricity prices / Value Higher |
| Number of stores and locations | End of period 68 locations / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 2,453 people / Reference date End of June 2026 / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | Plan TRE Medium-Term Management Plan 2030 / Target fiscal year Fiscal year ending March 2027 to fiscal year ending March 2031 / Target for the fiscal year ending March 2027 Net Sales 105,600 / Business profit 7,500 / Business profit margin 7.1% / Ordinary income 6,500 / Profit attributable to owners of the parent 4,100 / EBITDA 14,900 / Target for the fiscal year ending March 2031 Net Sales 135,000 / Business profit 13,500 / Business profit margin 10.0% / Ordinary income 12,400 / Profit attributable to owners of the parent 8,060 / EBITDA 24,400 |
| Financial targets | Equity ratio Actual results 48% / Target Maintain at 40% or higher |
| Capital expenditures | ¥3,466 million |
| Market Size / Share | Environmental industry market size in Japan Approximately ¥136 trillion / Circular economy-related market in 2030 ¥80 trillion |
| New initiatives | Upward revision of first-half and full-year earnings forecasts, Strengthening of capital ties with みずほリース, Capital and business alliance with エム・エム・プラスチック, Partnership agreements with Inagi City, Tokyo, and Narashino City, Chiba Prefecture, Securing approximately 100,000 tsubo of business-use land adjacent to Ichihara City, Decision to open the Ichihara Sorting Center, Large-scale shredder upgrade and PDM implementation at the River Kawashima facility, Business alliance with TERRA for solar sharing |
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.The decline in revenue and profit was due to the winding down of the Noto disaster-waste treatment support project. The resource recycling business recorded higher revenue and profit, driven by increased volumes of waste and used home appliances handled, resource prices remaining at elevated levels, and more thorough sorting of nonferrous metals. The earnings forecasts were revised upward based on progress in the three core segments exceeding plan.
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