Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-9.3
Year-on-year change in revenue (%)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summarySecond quarter (interim period) 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 Sales56,352 Millions of yen-9.3%
Operating profit3,833 Millions of yen-71.2%
Ordinary income3,465 Millions of yen-73.5%
Net income2,153 Millions of yen-74.8%
Operating profit margin
Rate6.8
Year-on-year change (points)-14.6
Results for the three months of the current quarter
Net Sales
28,904 Millions of yen
Operating profit
2,001 Millions of yen
BasisThe quarterly trend graph for revenue and operating profit includes standalone second-quarter figures
Full-year earnings forecast
Net Sales
107,400 Millions of yen
Operating profit
8,700 Millions of yen
Ordinary income
7,800 Millions of yen
Net income
5,000 Millions of yen
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 Sales52.5%
Operating profit44.1%
Ordinary income44.4%
Net income43.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both revenue and profit exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Waste treatment and recycling business-14,931
Resource recycling business5,909
Renewable Energy Business3,762
Other-533
Operating profit
Waste treatment and recycling business-10,684
Resource recycling business1,929
Renewable Energy Business-276
Other-387
Consolidated adjustments-67
New initiatives
- Making 泉土木, which collects and transports construction-related industrial waste, a subsidiary
- Making Obras Holdings a subsidiary and entering the demolition business in earnest
- Entering into collaboration agreements with Ichihara City, Shiroi City and Kawashima Town, Saitama Prefecture
- Completed the Ichihara Sorting Center and began operations ahead of schedule in November 2026
- Transitioning Ichihara Green Power from the FIT scheme to the FIP scheme
- Forming a project team in Ichihara City for the TRE environmental complex business
Key KPIsA metric the company considers important as a management benchmark.
- Volume sold to retail electricity customers5.2 Year-on-year multipleYear on year against the same period last year5.2x
- Electricity retail customer count index386 Index with actual results for September 2023 set at 100
- Electricity retail sales volume index1,961 Index with actual results for September 2023 set at 100
- Number of employees2,460 People
- Number of group locations68 sites
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Retail Electricity
Sales volume5.2 times the year-earlier level
Retail priceIncreased
Segment results
- Waste treatment and recycling businessNet Sales15,215 Millions of yenYear-on-year revenue growth-49.5Operating profit1,567 Millions of yenYear-on-year change in operating profit-87.2
- Resource recycling businessNet Sales26,856 Millions of yenYear-on-year revenue growth28.2Operating profit3,151 Millions of yenYear-on-year change in operating profit157.9
- Renewable Energy BusinessNet Sales10,816 Millions of yenYear-on-year revenue growth53.3Operating profit-107 Millions of yen
- OtherNet Sales3,463 Millions of yenYear-on-year revenue growth-13.4Operating profit301 Millions of yenYear-on-year change in operating profit-56.2
Medium-term management plan targets
Net Sales
Fiscal year ending March 2027105,600
Fiscal year ending March 2028108,800
Fiscal year ending March 2029118,600
Fiscal year ending March 2030125,000
Fiscal year ending March 2031135,000
Long-Term TargetsAiming for revenue of ¥300 billion in the 2030s and ¥500 billion over the longer term
Financial targets
Equity ratio
Actual results40%
TargetMaintain at 40% or higher
Market Size / Share
Environmental industry market size in JapanApproximately ¥136 trillion
Core Business Market SizeApproximately ¥65 trillion
Circular economy-related market in 2030¥80 trillion
Number of stores and locations
Number at period-end68 locations
Number of employees
Number of Employees2,460 People
Capital expenditures
12,234 Millions of yen
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | 56,352 Millions of yen (YoY -9.3%) |
| Operating profit | 3,833 Millions of yen (YoY -71.2%) |
| Ordinary income | 3,465 Millions of yen (YoY -73.5%) |
| Net income | 2,153 Millions of yen (YoY -74.8%) |
| Operating profit margin | Rate 6.8 / Year-on-year change (points) -14.6 |
| Results for the three months of the current quarter | Net Sales 28,904 Millions of yen / Operating profit 2,001 Millions of yen / Basis The quarterly trend graph for revenue and operating profit includes standalone second-quarter figures |
| Full-year earnings forecast | Net Sales 107,400 Millions of yen / Operating profit 8,700 Millions of yen / Ordinary income 7,800 Millions of yen / Net income 5,000 Millions of yen |
| Progress against full-year forecast | Net Sales 52.5% / Operating profit 44.1% / Ordinary income 44.4% / Net income 43.1% |
| Self-assessment against the plan | Both revenue and profit exceeded plan |
| Segment results | Segment Waste treatment and recycling business / Net Sales 15,215 Millions of yen / Year-on-year revenue growth -49.5 / Operating profit 1,567 Millions of yen / Year-on-year change in operating profit -87.2, Segment Resource recycling business / Net Sales 26,856 Millions of yen / Year-on-year revenue growth 28.2 / Operating profit 3,151 Millions of yen / Year-on-year change in operating profit 157.9, Segment Renewable Energy Business / Net Sales 10,816 Millions of yen / Year-on-year revenue growth 53.3 / Operating profit -107 Millions of yen / Year-on-year change in operating profit Not disclosed, Segment Other / Net Sales 3,463 Millions of yen / Year-on-year revenue growth -13.4 / Operating profit 301 Millions of yen / Year-on-year change in operating profit -56.2 |
| Breakdown of Factors Affecting the Change | Net Sales Waste treatment and recycling business -14,931 / Resource recycling business 5,909 / Renewable Energy Business 3,762 / Other -533 / Operating profit Waste treatment and recycling business -10,684 / Resource recycling business 1,929 / Renewable Energy Business -276 / Other -387 / Consolidated adjustments -67 |
| Key KPIs | Indicator name Volume sold to retail electricity customers / Value 5.2 Year-on-year multiple / Year on year against the same period last year 5.2x, Indicator name Electricity retail customer count index / Value 386 Index with actual results for September 2023 set at 100 / Year on year against the same period last year Not disclosed, Indicator name Electricity retail sales volume index / Value 1,961 Index with actual results for September 2023 set at 100 / Year on year against the same period last year Not disclosed, Indicator name Number of employees / Value 2,460 People / Year on year against the same period last year Not disclosed, Indicator name Number of group locations / Value 68 sites / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Retail Electricity Sales volume 5.2 times the year-earlier level / Retail price Increased |
| Number of stores and locations | Number at period-end 68 locations / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 2,460 People / Changes and hiring plans during the period Not disclosed |
| Medium-term management plan targets | Net Sales Fiscal year ending March 2027 105,600 / Fiscal year ending March 2028 108,800 / Fiscal year ending March 2029 118,600 / Fiscal year ending March 2030 125,000 / Fiscal year ending March 2031 135,000 / Long-Term Targets Aiming for revenue of ¥300 billion in the 2030s and ¥500 billion over the longer term |
| Financial targets | Equity ratio Actual results 40% / Target Maintain at 40% or higher |
| Capital expenditures | 12,234 Millions of yen |
| Market Size / Share | Environmental industry market size in Japan Approximately ¥136 trillion / Core Business Market Size Approximately ¥65 trillion / Circular economy-related market in 2030 ¥80 trillion |
| New initiatives | Making 泉土木, which collects and transports construction-related industrial waste, a subsidiary, Making Obras Holdings a subsidiary and entering the demolition business in earnest, Entering into collaboration agreements with Ichihara City, Shiroi City and Kawashima Town, Saitama Prefecture, Completed the Ichihara Sorting Center and began operations ahead of schedule in November 2026, Transitioning Ichihara Green Power from the FIT scheme to the FIP scheme, Forming a project team in Ichihara City for the TRE environmental complex business |
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 waste treatment and resource recovery business saw lower revenue and profit as the disaster waste treatment support business in Noto wound down. Meanwhile, the resource recycling business reported higher revenue and profit, as resource prices remained at high levels and increased volumes handled and more thorough sorting of non-ferrous metals contributed to results. The renewable energy business recorded an operating loss due to statutory inspections of power generation facilities and the impact of typhoons and prolonged rainfall.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.