Slide 1: Financial Results Briefing Session for the Fiscal Year Ended March 31, 2026
2 Attachment Financial Results Briefing Session for the Fiscal Year Ended March 31, 2026 (Attachment: Explanation of Company Overview, Medium Table of Contents to Long-term Strategy) Company Introduction p.2〜5 1. Company Overview and History 2. Trend in Financial Condition May 19, 2026 3. Nickel Bus
Slide 2: Company Overview and History
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 2 Company Introduction 1. Company Overview and History Company Overview Brief History Line of Business Production and sales of ferronickel and slag products 1949 Became Nisso Steel Co., Ltd. after being spun off from the steel division of Nip
Slide 3: Trend in Financial Condition
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 3 Company Introduction 2. Trend in Financial Condition Net sales (Unit: billion yen) Profit (Unit: billion yen) (Unit: billion yen) Net Sales of Segments Trend in Operating Results 80.0 80.0 80.0 49.0 57.1 60.0 44.1 60.0 41.2 60.0 0.3 32.2 34
Slide 4: Nickel Ore Procurement and Ferronickel Production
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 4 Company Introduction 3. Nickel Business (1) Nickel Ore Procurement and Ferronickel Production * Survey by Pacific Metals Oxidized Nickel Ore Deposits in the World Pacific Metals Nickel Ore Procurement Ratio Pacific Metals Long-Term Nickel O
Slide 5: Nickel Market and Ferronickel and Slag Sales
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 5 Company Introduction 3. Nickel Business (2) Nickel Market and Ferronickel and Slag Sales * Survey by Pacific Metals (Unit : Ni tons) Trends in Pacific Metals Ferronickel Sales Volumes (by Country) 40,000 35,000 33,100 32,000 31,600 3,299 28
Slide 6: Medium to Long-term Strategy PAMCOvision 2031
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 6 Medium to Long-term Strategy PAMCOvision 2031 (Announced on May 14, 2025) (Detailed version)
Slide 7: Reflecting on Previous Strategy: Three-year Plan vs. Results
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 7 PAMCOvision 2031 1. Background of the Medium to Long-term Strategy PAMCOvision 2031 (1) Reflecting on the Previous Medium to Long-term Strategy PAMCO-2024 1) Comparison of Three-year Plan vs. Results (Consolidat
Slide 8: Progress of Priority Measures
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 8 PAMCOvision 2031 1. Background of the Medium to Long-term Strategy PAMCOvision 2031 (1) Reflecting on the Previous Medium to Long-term Strategy PAMCO-2024 2) Progress of Priority Measures Enhancement of the nick
Slide 9: Progress of the Investment Strategy
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 9 PAMCOvision 2031 1. Background of the Medium to Long-term Strategy PAMCOvision 2031 (1) Reflecting on the Previous Medium to Long-term Strategy PAMCO-2024 3) Progress of the Investment Strategy Investment in the
Slide 10: Results of the Past Decade and Activities to Overcome the Situation
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 10 PAMCOvision 2031 1. Background of the Medium to Long-term Strategy PAMCOvision 2031 (2) Results of the Past Decade and Activities to Overcome the Situation Over the past 10 years, Pacific Metals has had operati
Slide 11: Toward a Business Model Shift
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 11 PAMCOvision 2031 1. Background of the Medium to Long-term Strategy PAMCOvision 2031 (3) Toward a Business Model Shift Toward a business model shift involving a reduction or withdrawal from the nickel business W
Slide 12: Pacific Metals' Vision
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 12 PAMCOvision 2031 2. Pacific Metals’ Vision Management philosophy: Utilize the capabilities of people, provide offerings that enable the planet’s resources to be used more effectively, and contribute to the happ
Slide 13: Comprehensive View of PAMCOvision 2031
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 13 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (1) Comprehensive View of the Medium to Long-term Strategy PAMCOvision 2031 A comprehensive materials company that co-creates a sustainable, rec
Slide 14: Restructuring of Business Portfolio: Business Diversification
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 14 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (2) Restructuring of Business Portfolio 1) Business Diversification We will strive to diversify our business by entering new business areas wher
Slide 15: Business Feasibility Analysis
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 15 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (2) Restructuring of Business Portfolio 2) Business Feasibility Analysis With metal smelting and functional materials as our core businesses, co
Slide 16: Summary of Business Profit and Loss
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 16 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (2) Restructuring of Business Portfolio 3) Summary of Business Profit and Loss By expanding applications in nickel business and launching retail
Slide 17: Metal Smelting Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 17 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (3) Business Overview 1) Metal Smelting Business We aim to smoothly transition from the nickel business to contracted smelting of polymetallic n
Slide 18: Retail Electricity Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 18 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (3) Business Overview 2) Retail Electricity Business Establish a retail electricity business and enter the electricity market Business strategy:
Slide 19: Beryllium Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 19 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (3) Business Overview 3) Beryllium Business Pacific Metals anticipates a substantial increase in profits resulting from the pilot project and co
Slide 20: Calcium Aluminate Manufacturing and Sales Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 20 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (3) Business Overview 4) Calcium Aluminate Manufacturing and Sales Business Driven by the shift from blast furnaces to electric arc furnaces, Pa
Slide 21: Response to Material Issues Related to Sustainability
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 21 PAMCOvision 2031 3. Medium to Long-term Strategy PAMCOvision 2031 (4) Response to Material Issues Related to Sustainability Focus on higher priority material issues in light of the new business portfolio - Orga
Slide 22: Cost of Capital and Stock Price: Analysis of Current Situation
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 22 PAMCOvision 2031 4. Response to Realize Management That Is Conscious of Cost of Capital and Stock Price (1) Analysis of the Current Situation A low P/B ratio and low ROE have become the norm P/B ratio ROE Balan
Slide 23: Initiatives to Enhance Corporate Value
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 23 PAMCOvision 2031 4. Response to Realize Management That Is Conscious of Cost of Capital and Stock Price (2) Initiatives to Enhance Corporate Value In executing the medium to long-term strategy, aim to realize m
Slide 24: The Story of Corporate Value Enhancement
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 24 PAMCOvision 2031 4. Response to Realize Management That Is Conscious of Cost of Capital and Stock Price (3) The Story of Corporate Value Enhancement Aim to maximize corporate value by improving ROE and limiting
Slide 25: Capital Allocation
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. Medium to Long-term Strategy 25 PAMCOvision 2031 4. Response to Realize Management That Is Conscious of Cost of Capital and Stock Price (4) Capital Allocation From FY2025 to FY2031, operating CF will be allocated to growth investment and shar
Slide 26: Appendices
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 26 Appendices (Explanation of Each Business in the Medium to Long-term Strategy PAMCOvision 2031)
Slide 27: Metal Smelting Business (Nickel Business)
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 27 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 1) Metal Smelting Business (Nickel Business) [Appendix: Business Explanation] ◆What is nickel matte? - Nickel sulfide, which serves as an intermediate raw mate
Slide 28: Contracted Smelting of Polymetallic Nodules
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 28 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 1) Metal Smelting Business (Contracted Smelting of Polymetallic Nodules) [Appendix: Business Explanation] ◆What are polymetallic nodules? - A type of mineral t
Slide 29: Retail Electricity Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 29 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 2) Retail Electricity Business [Appendix: Business Explanation] ◆What is the retail electricity business? - Electricity businesses are divided into three secto
Slide 30: Beryllium Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 30 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 3) Beryllium Business [Appendix: Business Explanation] ◆What is the beryllium business? - This business involves producing beryllium products from beryllium or
Slide 31: The Need for Beryllium in Nuclear Fusion Power Generation
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 31 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 3) Beryllium Business [Appendix: Business Explanation] ◆The need for beryllium in nuclear fusion power generation Beryllium is an essential metal that function
Slide 32: Calcium Aluminate Manufacturing and Sales Business
Copyright © PACIFIC METALS CO., LTD. All Rights Reserved. 32 Appendix 1. Medium to Long-term Strategy PAMCOvision 2031 (1) Business Overview 4) Calcium Aluminate Manufacturing and Sales Business [Appendix: Business Explanation] ◆What is calcium aluminate? - Calcium aluminate is primarily used as a d
Slide 33: Disclaimer
This material is not disclosure material under the Financial Instruments and Exchange Act and the Company does not guarantee the accuracy or completeness of the information. Any forward-looking statements in this material are based on information available at the time of preparation and may differ f