2027 Fiscal Year Q1 Consolidated Earnings速報 and Reasons for the Difference from 2026 Fiscal Year Results

Performance Overview

Astmax Corporation's net sales for the first quarter of fiscal year 2027 reached 6,108 million yen, representing a 39.2% increase compared to the same period last year. The sales growth is mainly due to rising crude oil and natural gas prices driven by increased geopolitical tensions in Iran, along with soaring electricity prices. However, operating loss was △819 million yen and ordinary loss was △846 million yen, indicating an expansion of deficits compared to the same period last year. The deterioration in profitability is largely attributable to hedge-related losses in electricity trading and losses from electricity futures trading.

Reasons for the Differences and Future Outlook

The reasons for the difference compared to the results of fiscal year 2026 are primarily due to the increased losses in electricity trading related to higher crude oil and natural gas prices caused by escalating geopolitical tensions in Iran, leading to higher power prices. Going forward, the company plans to monitor electricity market trends and crude oil prices closely, while strengthening cost management and risk hedging strategies. To improve performance from the second quarter onward, initiatives will include expanding electricity sales and implementing cost reduction measures.