Pacific Metals (5541) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2025, declined 45.9% year-over-year to ¥1,864 million, reflecting weak demand and lower selling prices in the nickel business.

• Operating loss widened to ¥3,067 million from ¥962 million a year earlier, mainly due to higher production costs and inventory write-downs.

• Ordinary loss was ¥2,222 million, compared to an ordinary profit of ¥344 million in the prior year period.

• Loss attributable to owners of parent was ¥2,232 million, versus a profit of ¥301 million last year.

• The company is pursuing new business initiatives in battery materials, beryllium production, and renewable energy, while focusing on cost minimization and operational efficiency.

Financial highlights

• Net sales: ¥1,864 million (down 45.9% year-over-year).

• Operating loss: ¥3,067 million (vs. ¥962 million loss last year).

• Ordinary loss: ¥2,222 million (vs. ¥344 million profit last year).

• Loss attributable to owners of parent: ¥2,232 million (vs. ¥301 million profit last year).

• Basic earnings per share: ¥(117.67) (vs. ¥15.48 last year).

Outlook and guidance

• Full-year net sales forecast revised down to ¥8,695 million (down 34% year-over-year).

• Full-year operating loss forecast at ¥6,604 million; loss attributable to owners of parent at ¥1,636 million.

• Basic earnings per share forecast at ¥(94.13).

• Uncertainty remains high due to global economic factors, high raw material costs, and U.S. tariff measures.