Pacific Metals (5541) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, declined 37.0% year-over-year to ¥6,751 million, reflecting a challenging market for ferronickel and lower selling prices.

• Operating loss narrowed to ¥5,207 million from ¥6,320 million in the prior year, aided by cost controls and strategic volume management.

• Ordinary profit reached ¥1,044 million, reversing a ¥2,071 million loss, mainly due to ¥5,981 million in share of profit from equity-method affiliates.

• Profit attributable to owners of parent was ¥687 million, compared to a ¥1,761 million loss in the previous year.

• Comprehensive income improved to ¥324 million from a loss of ¥2,002 million year-over-year.

Financial highlights

• Gross loss improved to ¥3,806 million from ¥4,664 million year-over-year.

• Basic earnings per share was ¥38.16, up from a loss per share of ¥90.34 in the prior year.

• Total assets decreased to ¥64,721 million from ¥71,795 million as of March 31, 2025.

• Net assets fell to ¥60,674 million, with an equity ratio of 93.3%.

Outlook and guidance

• Full-year net sales forecast revised up to ¥9,138 million, with an operating loss of ¥6,507 million expected.

• Ordinary profit forecast at ¥199 million, profit attributable to owners of parent at a loss of ¥181 million, and basic EPS at ¥(10.41).

• Market and procurement uncertainties, high raw material costs, and global economic risks remain key factors for the outlook.