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Revision of earnings forecasts5423TOKYO STEEL MANUFACTURING CO.,LTD.Iron & Steel, Nonferrous Metals

Notice Regarding Differences Between Forecast and Actual Results

The full-year non-consolidated actual results for the fiscal year ending March 2026 differed from the forecast announced on 23 January 2026. Revenue, operating profit and ordinary profit were below forecast, while net income exceeded forecast due to the additional recognition of deferred tax assets.

Worth reading
54Recurring
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
31.3
%
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 23 January 2026
Net Sales272,200→268,095million
-1.5%
Operating profit8,200→7,230million
-11.8%
Ordinary income9,800→8,632million
-11.9%
Profit attributable to owners of the parent8,800→11,557million
+31.3%
Net income per share85.84→112.56yen and sen
+31.1%

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

Following a careful review of the recoverability of deferred tax assets, the Company additionally recognized deferred tax assets in the fiscal year ending March 2026 and recorded △¥1,361 million as an income taxes adjustment (△ indicates profit), resulting in net income exceeding forecast.

Previous-period resultsRevenue: ¥326,775 million; operating profit: ¥30,105 million; ordinary profit: ¥31,612 million; net income: ¥21,203 million; net income per share: ¥197.96 (fiscal year ended March 2025)
Consolidated / non-consolidatedNon-consolidated
Revised forecast
ItemDetails
Net Sales¥272,200 million → ¥268,095 million(-1.5%)
Operating profit¥8,200 million → ¥7,230 million(-11.8%)
Ordinary income¥9,800 million → ¥8,632 million(-11.9%)
Profit attributable to owners of the parent¥8,800 million → ¥11,557 million(+31.3%)
Net income per share85.84 yen and sen → 112.56 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast23 January 2026
Previous-period resultsRevenue: ¥326,775 million; operating profit: ¥30,105 million; ordinary profit: ¥31,612 million; net income: ¥21,203 million; net income per share: ¥197.96 (fiscal year ended March 2025)
Reason for the revisionFollowing a careful review of the recoverability of deferred tax assets, the Company additionally recognized deferred tax assets in the fiscal year ending March 2026 and recorded △¥1,361 million as an income taxes adjustment (△ indicates profit), resulting in net income exceeding forecast.
Consolidated / non-consolidatedNon-consolidated
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.

Following a careful review of the recoverability of deferred tax assets, the Company additionally recognized deferred tax assets and recorded ¥1,361 million as a negative income taxes adjustment, resulting in net income exceeding forecast.

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Notice Regarding Differences Between Forecast and Actual Results | TOKYO STEEL MANUFACTURING CO.,LTD. (5423) timely disclosure | Komori