Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe 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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue increased as the company worked to expand exports and secure shipment volumes despite sluggish domestic demand. Selling prices for deformed bars were slow to rise, however, as energy costs, including steel scrap prices and electricity expenses, increased and weak demand delayed the pass-through of higher prices.
No applicable items
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥96,109 million (YoY +2.8%) |
| Operating profit | ¥-157 million |
| Ordinary income | ¥258 million (YoY -95.9%) |
| Profit attributable to owners of the parent | ¥383 million (YoY -91.8%) |
| Net income per share | ¥26.33 |
| Equity ratio | End of the current fiscal period 55.8 / End of previous period 56.3 |
| Total assets | ¥253,264 million |
| Net assets | ¥141,838 million |
| Cash flows from operating activities | ¥-881 million |
| Cash flows from investing activities | ¥-3,169 million |
| Cash flows from financing activities | ¥-4,021 million |
| Cash and cash equivalents at end of period | ¥18,433 million |
| Full-year earnings forecast | Net Sales ¥200,000 million (YoY +4.3%) / Operating profit ¥1,800 million (YoY -81.7%) / Ordinary income ¥2,500 million (YoY -77.5%) / Net income ¥1,600 million (YoY -80.1%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥200,000 million / Operating profit Not disclosed → ¥1,800 million / Ordinary income Not disclosed → ¥2,500 million / Net income Not disclosed → ¥1,600 million |
| Annual Dividend Forecast | ¥180 → ¥100（-44.4%） |
| Payout ratio | Approximately 30% |
| Shareholder Return Policy | Minimum annual dividend per share of ¥100; annual consolidated payout ratio of approximately 30% |
| Segment revenue | Steel business ¥88,180 million / Agricultural Materials Business ¥5,983 million |
| Segment profit | Steel business ¥303 million / Agricultural Materials Business ¥-89 million |
| Depreciation and amortization | ¥2,472 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥728 million / Extraordinary loss Loss on disposal of non-current assets ¥309 million |
| Disclosure regarding the going concern assumption | No applicable items |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New No / Excluded No / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for securities analysts) |
| Issued Shares at Period-End | 17,145,211 shares |
| Treasury Shares at Period-End | 2,778,752 treasury shares at period-end |
| Factors Behind Changes in Business Performance | Revenue increased as the company worked to expand exports and secure shipment volumes despite sluggish domestic demand. Selling prices for deformed bars were slow to rise, however, as energy costs, including steel scrap prices and electricity expenses, increased and weak demand delayed the pass-through of higher prices. |
Items this document does not state (5)
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.Revenue increased as the company worked to expand exports amid sluggish domestic demand. Operating results deteriorated, however, as energy costs, including steel scrap prices and electricity expenses, rose, while the pass-through of higher selling prices for deformed bars, the company's main product, was delayed due to weak demand.