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Revision to earnings forecasts5410Godo Steel,Ltd.Iron & Steel / Nonferrous Metals

Notice Regarding Differences Between Forecast and Actual Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 and Revisions to Full-Year Earnings Forecasts

For the interim period of the fiscal year ending March 2027, net sales fell below forecast, while operating income, ordinary income and interim net income also came in below forecast. For the full year, the net sales forecast was left unchanged, while the forecasts for operating income, ordinary income and net income were significantly reduced.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-72.3
% (change in full-year operating income)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 31 July 2026
Net Sales200,000→200,000million
0.0%
Operating profit6,500→1,800million
-72.3%
Ordinary income7,000→2,500million
-64.3%
Profit attributable to owners of the parent4,300→1,600million
-62.8%
Net income per share299.31→110.56Yen/sen
-63.1%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

For the interim period, selling prices failed to keep pace with the rapid rise in the price of steel scrap, the main raw material, which was higher than expected. For the full year, the forecast assumes an increase in the cost burden, including steel scrap prices remaining at elevated levels, continued yen weakness, higher energy costs due to the impact of the situation in the Middle East, and higher electricity costs under the electricity market price adjustment system operated by power companies.

Previous-period resultsInterim period: net sales of ¥93,515 million, operating income of ¥5,431 million, ordinary income of ¥6,309 million, interim net income attributable to owners of the parent of ¥4,668 million, and interim net income per share of ¥319.19. Full year: net sales of ¥191,772 million, operating income of ¥9,813 million, ordinary income of ¥11,089 million, net income attributable to owners of the parent of ¥8,051 million, and net income per share of ¥550.56.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥200,000 million → ¥200,000 million
Operating profit¥6,500 million → ¥1,800 million(△72.3)
Ordinary income¥7,000 million → ¥2,500 million(△64.3)
Profit attributable to owners of the parent¥4,300 million → ¥1,600 million(△62.8)
Net income per share299.31 Yen/sen → 110.56 Yen/sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period) and full year
Publication date of previous forecast31 July 2026
Previous-period resultsInterim period: net sales of ¥93,515 million, operating income of ¥5,431 million, ordinary income of ¥6,309 million, interim net income attributable to owners of the parent of ¥4,668 million, and interim net income per share of ¥319.19. Full year: net sales of ¥191,772 million, operating income of ¥9,813 million, ordinary income of ¥11,089 million, net income attributable to owners of the parent of ¥8,051 million, and net income per share of ¥550.56.
Reason for the revisionFor the interim period, selling prices failed to keep pace with the rapid rise in the price of steel scrap, the main raw material, which was higher than expected. For the full year, the forecast assumes an increase in the cost burden, including steel scrap prices remaining at elevated levels, continued yen weakness, higher energy costs due to the impact of the situation in the Middle East, and higher electricity costs under the electricity market price adjustment system operated by power companies.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

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.

In addition to the failure of selling prices to keep pace with the higher-than-expected rise in steel scrap prices, steel scrap prices are expected to remain elevated, the yen is expected to remain weak, and energy costs, particularly electricity costs, are expected to rise due to the impact of the situation in the Middle East.

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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Differences Between Forecast and Actual Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 and Revisions to Full-Year Earnings Forecasts | Godo Steel,Ltd. (5410) timely disclosure | Komori