Shin-Nihon Denko Q1 2026 Financial Results｜Sales of ¥19,422 million (YoY +0.2%)

Business Performance Summary

Shin-Nihon Denko achieved net sales of ¥19,422 million (flat YoY) and net income of ¥561 million (up 97.0% YoY) for the period of January to March 2026. Operating income increased significantly to ¥1,998 million from ¥1,014 million in the same period last year, and comprehensive income also rose to ¥1,529 million from ¥951 million. Total assets grew to ¥98,480 million, with a shareholders’ equity ratio of 72.8%. The full-year earnings guidance has been revised, with projected net sales of ¥80,000 million and ordinary income of ¥7,000 million.

Future Outlook and Impact on Shareholders

Looking ahead, sales are expected to exceed initial forecasts due to the impact of alloy steel product market conditions and currency exchange rates. Although some segments may see reduced profit margins due to sluggish battery material demand, overall profitability is expected to surpass initial projections due to increased incineration ash processing and stable market conditions. Dividend forecasts remain unchanged, demonstrating a proactive approach to shareholder returns.