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.
The domestic steel business reported lower revenue and profit due to sluggish construction activity, lower product shipment volumes, higher ferrous scrap prices, and a narrower spread between selling and purchasing prices resulting from limited increases in product prices. The overseas steel business reported higher revenue and profit due to increased shipments against the backdrop of strong demand in Vietnam, cost reductions accompanying higher production, and the smooth operation of the new rolling mill. The environmental recycling business reported higher revenue and profit due to increased contracted waste-processing volumes and other factors.
No applicable matters
| 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 | ¥177,703 million (YoY +14.9%) |
| Operating profit | ¥6,112 million (YoY -33.6%) |
| Ordinary income | ¥5,929 million (YoY -30.1%) |
| Profit attributable to owners of the parent | ¥3,262 million (YoY -40.0%) |
| Net income per share | 75.05 |
| Equity ratio | End of the current fiscal period 56.6 / End of previous period 56.7 |
| Total assets | ¥377,931 million |
| Net assets | ¥222,537 million |
| Cash flows from operating activities | ¥-4,121 million |
| Cash flows from investing activities | ¥5,000 million |
| Cash flows from financing activities | ¥4,319 million |
| Cash and cash equivalents at end of period | ¥51,728 million |
| Full-year earnings forecast | Net Sales ¥362,000 million (YoY +14.9%) / Operating profit ¥9,500 million (YoY -44.0%) / Ordinary income ¥9,000 million (YoY -44.5%) / Profit attributable to owners of the parent ¥4,800 million (YoY -51.3%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥362,000 million / Operating profit Not disclosed → ¥9,500 million / Ordinary income Not disclosed → ¥9,000 million / Profit attributable to owners of the parent Not disclosed → ¥4,800 million |
| Annual Dividend Forecast | 90 Yen → 70 Yen（-22.2%） |
| Segment revenue | Domestic steel business ¥62,090 million (YoY -2.6%), Overseas steel business ¥109,934 million (YoY +28.2%), Environmental recycling business ¥3,179 million (YoY +15.6%), Other businesses ¥2,501 million (YoY +2.8%) |
| Segment profit | Domestic steel business ¥168 million (YoY -97.6%), Overseas steel business ¥5,942 million (YoY +128.4%), Environmental recycling business ¥460 million (YoY +522.0%), Other businesses ¥265 million (YoY -8.1%) |
| Depreciation and amortization | ¥4,287 million |
| Impairment loss | Not applicable (material impairment loss related to fixed assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of property, plant and equipment ¥22 million / Extraordinary loss Loss on disposal and sale of property, plant and equipment ¥92 million, Provision for doubtful accounts for affiliated companies ¥31 million, Other ¥2 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 0 companies (no company names provided) / Excluded 0 companies (no company names provided) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 44,898,730 |
| Treasury Shares at Period-End | 1,439,869 |
| Factors Behind Changes in Business Performance | The domestic steel business reported lower revenue and profit due to sluggish construction activity, lower product shipment volumes, higher ferrous scrap prices, and a narrower spread between selling and purchasing prices resulting from limited increases in product prices. The overseas steel business reported higher revenue and profit due to increased shipments against the backdrop of strong demand in Vietnam, cost reductions accompanying higher production, and the smooth operation of the new rolling mill. The environmental recycling business reported higher revenue and profit due to increased contracted waste-processing volumes and other factors. |
Items this document does not state (6)
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 the domestic steel business, the spread between selling and purchasing prices narrowed as construction activity remained sluggish, ferrous scrap prices rose, and product price increases were limited. In the overseas steel business, profit increased due to higher shipment volumes in Vietnam and cost reductions, while production problems caused by aging equipment continued at the US site, and temporary losses, including higher depreciation expense, are also expected in the second half.