Revised forecast
Fiscal year ending March 2027 · Six months and full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The company is concerned about weak domestic steel demand, competition from low-priced products amid oversupply resulting from the slowdown in the Chinese economy, and soaring ferrous scrap prices, costs for various materials and energy prices. At the same time, it expects improvements in selling prices and sales volumes through passing higher costs on to steel product prices and utilizing the newly established Kanto distribution hub. However, because passing on higher costs will take some time, the company expects a recovery from the second half of the fiscal year but forecasts lower profit for the full year.
Losses related to the accident: ¥843 million; loss on disposal of fixed assets: ¥520 million; other: ¥115 million. Total extraordinary losses were ¥1,479 million. The ¥843 million in accident-related losses was reclassified from cost of sales (¥596 million) and non-operating expenses (¥247 million).
| Item | Details |
|---|---|
| Net Sales | Not disclosed → Cumulative second-quarter results 76,000 / Full year 157,000（Cumulative second-quarter results −0.8% (year-on-year change) / Full year 5.9% (year-on-year change)） |
| Operating profit | Not disclosed → Cumulative second-quarter results 1,200 / Full year 3,400（Cumulative second-quarter results −60.3% (year-on-year change) / Full year −30.8% (year-on-year change)） |
| Ordinary income | Not disclosed → Cumulative second-quarter results 0 / Full year 2,000（Cumulative second-quarter results −100.0% (year-on-year change) / Full year −58.4% (year-on-year change)） |
| Profit attributable to owners of the parent | Not disclosed → Cumulative second-quarter results 2,400 / Full year 3,500（Cumulative second-quarter results 40.1% (year-on-year change) / Full year 42.1% (year-on-year change)） |
| Net income per share | Not disclosed → Cumulative second-quarter results 44.27 / Full year 64.56 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Previous-period results | Fiscal year ended March 2026: revenue of ¥148,306 million, operating income of ¥4,911 million, ordinary income of ¥4,806 million, net income attributable to owners of the parent of ¥2,462 million, and basic earnings per share of ¥45.44 |
| Reason for the revision | The company is concerned about weak domestic steel demand, competition from low-priced products amid oversupply resulting from the slowdown in the Chinese economy, and soaring ferrous scrap prices, costs for various materials and energy prices. At the same time, it expects improvements in selling prices and sales volumes through passing higher costs on to steel product prices and utilizing the newly established Kanto distribution hub. However, because passing on higher costs will take some time, the company expects a recovery from the second half of the fiscal year but forecasts lower profit for the full year. |
| Details and amount of extraordinary loss | Losses related to the accident: ¥843 million; loss on disposal of fixed assets: ¥520 million; other: ¥115 million. Total extraordinary losses were ¥1,479 million. The ¥843 million in accident-related losses was reclassified from cost of sales (¥596 million) and non-operating expenses (¥247 million). |
| Dividend forecast revision | The year-end dividend for the fiscal year ended March 2026 has been increased to ¥6 per share from the ¥5 per share announced on 31 October 2025. Combined with the interim dividend of ¥8, the annual dividend will be ¥14 per share. For the fiscal year ending March 2027, the company plans an annual dividend of ¥20 per share, comprising an interim dividend of ¥13 and a year-end dividend of ¥7. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.The results were affected by weak domestic steel demand, competition from low-priced imports from China, lower steel product sales volumes, soaring prices for ferrous scrap, various materials and energy, and the shutdown and reduced production of electric furnaces following the accident at Substation No. 5. The accident resulted in approximately ¥1.6 billion in costs, including procurement costs for alternative iron sources, equipment restoration costs and deterioration in unit consumption.