Worth reading
64In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-23.6
Operating profit year-on-year (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales31,484,563¥ thousandYear on year -1.4%
Operating profit3,441,650¥ thousandYear on year -23.6%
Ordinary income4,268,707¥ thousandYear on year -15.2%
Net income attributable to owners of the parent3,740,867¥ thousandYear on year +19.5%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
Net income per share¥84.19
Financial position at period-end
Total assets66,994,868¥ thousand
of which net assets 54,015,131 ¥ thousandEquity ratio 70.4%vs. prior year-end +1.3pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+3,063,051
Investment-1,549,817
Financials-1,149,978
Net change+363,256
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥14,323,399 thousand
Segment revenueJapan ¥21,726,051 thousand (YoY +0.8%), North America ¥4,069,568 thousand (YoY -12.5%), Europe ¥4,518,893 thousand (YoY +2.3%), Asia ¥829,417 thousand (YoY -7.5%), Other ¥340,632 thousand (YoY -17.0%)
Segment profitJapan ¥3,088,595 thousand (YoY -22.1%), North America ¥292,213 thousand (YoY -33.4%), Europe ¥396,407 thousand (YoY +12.1%), Asia ¥70,359 thousand (YoY -46.4%), Other ¥111,101 thousand (YoY -13.5%)
Regional sales¥21,726,051 thousand (YoY +0.8%), ¥4,069,568 thousand (YoY -12.5%), ¥4,518,893 thousand (YoY +2.3%), ¥829,417 thousand (YoY -7.5%)
Factors Behind Changes in Business Performance
Declines in domestic crude steel production and demand for refractories, changes in the sales mix, and the impact of tariff policies in North America, among other factors.
Disclosure regarding the going concern assumption
No applicable matters
Material subsequent eventsWith respect to the tender offer and other transactions for shares of Tohoku Steel Co.,Ltd. by Daido Steel Co.,Ltd., the Company entered into an agreement not to tender its shares. If the transaction is carried out, the Company plans to record a ¥2,097 million gain on the sale of investment securities as extraordinary income in the fiscal year ending March 2027.
Impairment loss¥17,080 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2,943 thousand, Gain on sale of investment securities ¥1,190,229 thousand, Gain on sale of golf club memberships ¥300 thousand / Extraordinary loss Loss on disposal of fixed assets ¥14,652 thousand, Loss on sale of fixed assets ¥461 thousand, Impairment Losses ¥17,080 thousand
Depreciation and amortization¥1,134,103 thousand
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥31,484,563 thousand (YoY -1.4%) |
| Operating profit | ¥3,441,650 thousand (YoY -23.6%) |
| Ordinary income | ¥4,268,707 thousand (YoY -15.2%) |
| Profit attributable to owners of the parent | ¥3,740,867 thousand (YoY +19.5%) |
| Net income per share | ¥84.19 |
| Equity ratio | End of the current fiscal period 70.4 / End of previous period 69.1 |
| Total assets | ¥66,994,868 thousand |
| Net assets | ¥54,015,131 thousand |
| Cash flows from operating activities | ¥3,063,051 thousand |
| Cash flows from investing activities | ¥-1,549,817 thousand |
| Cash flows from financing activities | ¥-1,149,978 thousand |
| Cash and cash equivalents at end of period | ¥14,323,399 thousand |
| Segment revenue | Japan ¥21,726,051 thousand (YoY +0.8%), North America ¥4,069,568 thousand (YoY -12.5%), Europe ¥4,518,893 thousand (YoY +2.3%), Asia ¥829,417 thousand (YoY -7.5%), Other ¥340,632 thousand (YoY -17.0%) |
| Segment profit | Japan ¥3,088,595 thousand (YoY -22.1%), North America ¥292,213 thousand (YoY -33.4%), Europe ¥396,407 thousand (YoY +12.1%), Asia ¥70,359 thousand (YoY -46.4%), Other ¥111,101 thousand (YoY -13.5%) |
| Regional sales | ¥21,726,051 thousand (YoY +0.8%), ¥4,069,568 thousand (YoY -12.5%), ¥4,518,893 thousand (YoY +2.3%), ¥829,417 thousand (YoY -7.5%) |
| Depreciation and amortization | ¥1,134,103 thousand |
| Impairment loss | ¥17,080 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2,943 thousand, Gain on sale of investment securities ¥1,190,229 thousand, Gain on sale of golf club memberships ¥300 thousand / Extraordinary loss Loss on disposal of fixed assets ¥14,652 thousand, Loss on sale of fixed assets ¥461 thousand, Impairment Losses ¥17,080 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Material subsequent events | With respect to the tender offer and other transactions for shares of Tohoku Steel Co.,Ltd. by Daido Steel Co.,Ltd., the Company entered into an agreement not to tender its shares. If the transaction is carried out, the Company plans to record a ¥2,097 million gain on the sale of investment securities as extraordinary income in the fiscal year ending March 2027. |
| Factors Behind Changes in Business Performance | Declines in domestic crude steel production and demand for refractories, changes in the sales mix, and the impact of tariff policies in North America, among other factors. |
Items this document does not state (13)
Operating MarginFull-year earnings forecastRevision to Earnings ForecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyOrders received and order backlogChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Raw material and energy prices remained high, the yen remained weak, and political and economic uncertainty persisted overseas. Domestic crude steel production and demand for refractories also declined. By profit impact, the factors cited were changes in the sales mix in Japan, lower demand for refractories and the impact of tariff policies in North America, and lower demand for refractories in Asia. At the same time, the Company pursued quality improvements, productivity enhancements and cost reductions.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.