Pacific Metals Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of ferro nickels. The Company is also engaged in the electric power wholesale business, as well as the manufacture and sale of gas products. In addition, it is involved in the recycling of various wastes, as well as the purchase and sale of forged steel products and industrial machinery. The Company has six subsidiaries and six associated companies.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2009, Pacific Metals Co., Ltd.'s revenues decreased 48% to Y26.11B. The Company's net income decreased 72% to Y3.03B. Revenues reflect lower sales from the nickel business segment. Lower net income also suffers from higher percentage of selling, general and administrative expenses, decreased equity gain and the presence of Y46M loss on valuation of investment in securities.