Shinto Holdings Inc.
2776・Standard Market・Wholesale Trade
Trading Business
Largest profit-contributing segment handling domestic metal scrap sales and import/export
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (Q1 FY2027, cumulative) | ¥17,541 million | ¥3,945 million (Q1 FY2026, cumulative) | ↑ |
| Segment profit (Q1 FY2027, cumulative) | ¥159 million | ¥111 million (Q1 FY2026, cumulative) | ↑ |
| Segment revenue year-on-year change | +344.67% | — | ↑ |
| Segment profit year-on-year change | +43.08% | — | ↑ |
| Depreciation expense (consolidated, Q1 FY2027, cumulative) | ¥140 million | ¥44 million (Q1 FY2026, cumulative) | ↑ |
| Goodwill amortization (Q1 FY2027, cumulative) | ¥24 million | ¥6 million (Q1 FY2026, cumulative) | ↑ |
Business Details
Engages in domestic sales and import/export of metal scrap recycling products including iron, aluminum, copper, stainless steel, and other non-ferrous metals. Collected metal scrap undergoes crushing, sorting, and compression processes before being shipped to China, South Korea, and Southeast Asian countries. Business scale expanded significantly following the consolidation of Ryuichi Shoji Co., Ltd. (deemed acquisition date September 30, 2025) and Eishin Shoji Co., Ltd. (deemed acquisition date December 31, 2025). This segment accounted for approximately 93.1% of consolidated revenue in Q1 FY2027 (ending March 2026, note: fiscal year ending January).
Recent Overview
Expanded scope of consolidation through M&A drove revenue growth of roughly 4.4x year on year
Following the consolidation of Ryuichi Shoji Co., Ltd. (deemed acquisition date September 30, 2025) and Eishin Shoji Co., Ltd. (deemed acquisition date December 31, 2025), the metal recycling business's revenue in Q1 FY2027 (ending March 2026) surged to ¥17,541 million (up 344.67% year on year). Segment profit also increased to ¥159 million (up 43.08% year on year). The segment maintained and strengthened its position as the core segment, accounting for approximately 93.1% of consolidated revenue of ¥18,849 million.
Key Products
Growth Drivers
- Substantial expansion of procurement and sales channels and rapid revenue growth from the consolidation of Ryuichi Shoji Co., Ltd. and Eishin Shoji Co., Ltd.
- Strengthening of business alliances with domestic and overseas metal scrap dealers to build a stable revenue base
- Growing demand for waste metal scrap exports to China, South Korea, and Southeast Asian countries
- Growth in the global waste recycling services market (expected to grow at an annual rate of 5.20% or more from 2021 to 2027)
- Support for personal consumption from improving income conditions in Japan and continued moderate economic growth
Risks
- Risk of declining export demand due to a slowdown in the Chinese economy and weak real estate market
- Foreign exchange risk (high proportion of foreign-currency-denominated transactions, exposed to both yen depreciation and appreciation)
- Geopolitical risk and energy price increases stemming from trade policy trends (e.g., tariff policy) and escalating tensions in the Middle East
- Risk of fluctuation in waste metal scrap market prices
- Risk of rising integration and management costs for subsidiaries acquired through M&A (Ryuichi Shoji and Eishin Shoji), with companywide cost adjustments expanding to ¥249 million
Last updated: April 24, 2026