Pacific Metals Co., Ltd.
Notice Regarding Recognition of Cost of Sales (Write-down of Inventories), Recognition of Non-operating Income (Equity in Earnings of Affiliates) and Revision of Earnings Forecast
Reflecting an increased write-down of inventories during the cumulative second-quarter period from April 1, 2026 to September 30, 2026 and a significant increase in equity-method investment income, the consolidated earnings forecast for the fiscal year ending March 2027 has been revised. Net sales have been revised upward, ordinary loss is expected to improve significantly, interim net income attributable to owners of parent has increased, and full-year net income is also expected to rise.
Key Figures
- Net Sales 5,449 million yen
- Interim Net Income Attributable to Owners of Parent 645 million yen (Full-year forecast) 1,321 million yen
- Interim Net Income per Share 37.13 yen → revised to 75.94 yen
AI要約
Summary of Performance
This report revises the consolidated outlook for the cumulative second-quarter period of the fiscal year ending March 2027. Net sales have been raised from the prior forecast; although operating loss shows an expanding trend, ordinary loss is expected to improve substantially. Interim net income has improved markedly, and interim net income per share is expected to turn positive. The primary causes are an increase in inventory write-downs and an increase in equity-method investment income.
Outlook and Factors
In the medium term, external factors such as uncertainty in the Chinese market and sustained high raw material prices are expected to continue to have an impact. The company will continue a policy of restraining volumes of ferronickel products, but is reviewing assumptions during the fiscal year taking into account inventory conditions and profitability. Differences in profit and loss trends between the first and second halves and rising energy-related costs are points to watch.
Pacific Metals Co., Ltd.
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