Pacific Metals (5541) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, decreased by 18.3% year-over-year to ¥3,446 million, reflecting challenging market conditions and lower selling prices.

• Operating loss narrowed to ¥962 million from ¥3,292 million in the prior year, aided by a reversal of inventory write-downs.

• Ordinary profit reached ¥344 million, reversing a ¥1,417 million loss last year, mainly due to ¥852 million in equity-method income.

• Profit attributable to owners of parent was ¥301 million, compared to a ¥1,566 million loss a year ago.

Financial highlights

• Gross loss improved to ¥415 million from ¥2,806 million year-over-year.

• Basic earnings per share was ¥15.48, up from a loss of ¥80.35 per share last year.

• Comprehensive income was ¥801 million, compared to a loss of ¥1,508 million in the prior year.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥14,229 million, with an operating loss of ¥5,979 million and a net loss of ¥1,847 million expected.

• Forecasts reflect ongoing volume control, high procurement costs, and restrained revenue due to competitive pricing.

• No dividends are planned for the fiscal year ending March 31, 2025.