Pacific Metals (5541) Q1 2027 earnings summary

Executive summary

• Net sales rose 32.5% year-over-year to ¥2,470 million for the quarter ended June 30, 2026, driven by a 14.5% increase in ferronickel sales volume despite a challenging market environment.

• Operating loss narrowed to ¥882 million from ¥3,067 million a year earlier, aided by inventory write-down reversals and improved non-operating income.

• Ordinary profit reached ¥421 million, reversing a ¥2,222 million loss in the prior year, mainly due to ¥1,002 million in equity-method profit.

• Profit attributable to owners of parent was ¥322 million, compared to a ¥2,232 million loss last year.

Financial highlights

• Gross loss improved to ¥415 million from ¥2,586 million year-over-year.

• Basic earnings per share were ¥18.54, up from a loss of ¥117.67 per share in the prior year.

• Comprehensive income was ¥77 million, compared to a loss of ¥2,829 million a year ago.

Outlook and guidance

• Full-year net sales forecast revised up to ¥10,618 million (+12.8% year-over-year); operating loss forecast at ¥6,185 million.

• Ordinary profit forecast at ¥698 million and profit attributable to owners of parent at ¥134 million for FY27.

• Basic earnings per share forecast at ¥7.71 for FY27.

• Guidance reflects ongoing high raw material and energy costs, and continued volume control for profitability.