Chugai Mining reported net income of ¥718 million ($4.6 million) for the six months ended September, down 11% from a year earlier, despite sales climbing 58% to ¥112.7 billion ($728 million). The Tokyo-based company cited weakness in its anime and gaming merchandise business even as precious metals operations benefited from higher market prices.
The precious metals division drove most of the revenue growth, with sales surging 61% to ¥111 billion ($717 million) as gold and platinum prices rallied throughout 2025. Operating profit in the unit jumped 86% to ¥915 million ($5.9 million) as factory utilization rates remained elevated and recycling material collection proved robust.
However, the content business, which produces licensed merchandise for anime and game franchises, saw sales drop 28% to ¥1.37 billion ($8.9 million) while operating profit plunged 62% to ¥164 million ($1.1 million). The company attributed the decline to weaker-than-expected sales at retail partners despite efforts to manufacture popular character goods.
Chugai raised its full-year sales forecast to ¥236 billion ($1.5 billion), up 45% from the prior year, though it lowered its net income outlook to ¥940 million ($6.1 million), down 23% due to the struggling merchandise division.
