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Revisions to Earnings Forecasts5440KYOEI STEEL LTD.Iron & Steel / Nonferrous Metals

Notice Regarding Revisions to Earnings Forecasts

While the full-year revenue forecast for the fiscal year ending March 2027 was left unchanged, the forecasts for operating profit, ordinary profit and net income attributable to owners of the parent were revised downward to ¥6 billion, ¥5 billion and ¥3.6 billion, respectively. The revisions reflect sluggish domestic demand for steel products, higher ferrous scrap prices and production problems at the US site, among other factors.

Worth reading
65In 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
-6000
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 31 July 2026
Net Sales362,000→362,000million
0.0%
Operating profit15,500→9,500million
-38.7%
Ordinary income14,000→9,000million
-35.7%
Profit attributable to owners of the parent8,400→4,800million
-42.9%
Net income per share193.29→110.45Yen/sen
-42.9%

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

In the domestic steel business, demand for construction steel products is sluggish, shipment volumes are expected to fall below plan, and the spread between selling and purchasing prices is expected to narrow due to higher ferrous scrap prices. In the overseas steel business, production problems caused by aging equipment at the US site are expected to continue, and temporary losses, including higher depreciation expense due to shortened useful lives, are reflected in the forecast.

Details and amount of extraordinary loss

Details Temporary losses, including higher depreciation expense due to shortened useful lives of existing equipment / Amount Not disclosed

Previous-period resultsFiscal Period Covered Fiscal year ending March 2026 / Net Sales 315,106 Net sales and profit: ¥ million; net income per share: yen and sen / Operating profit 16,967 Net sales and profit: ¥ million; net income per share: yen and sen / Ordinary income 16,211 Net sales and profit: ¥ million; net income per share: yen and sen / Profit attributable to owners of the parent 9,864 Net sales and profit: ¥ million; net income per share: yen and sen / Net income per share 226.98 Net sales and profit: ¥ million; net income per share: yen and sen
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥362,000 million → ¥362,000 million
Operating profit¥15,500 million → ¥9,500 million(-38.7%)
Ordinary income¥14,000 million → ¥9,000 million(-35.7%)
Profit attributable to owners of the parent¥8,400 million → ¥4,800 million(-42.9%)
Net income per share193.29 Yen/sen → 110.45 Yen/sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast31 July 2026
Previous-period resultsFiscal Period Covered Fiscal year ending March 2026 / Net Sales 315,106 Net sales and profit: ¥ million; net income per share: yen and sen / Operating profit 16,967 Net sales and profit: ¥ million; net income per share: yen and sen / Ordinary income 16,211 Net sales and profit: ¥ million; net income per share: yen and sen / Profit attributable to owners of the parent 9,864 Net sales and profit: ¥ million; net income per share: yen and sen / Net income per share 226.98 Net sales and profit: ¥ million; net income per share: yen and sen
Reason for the revisionIn the domestic steel business, demand for construction steel products is sluggish, shipment volumes are expected to fall below plan, and the spread between selling and purchasing prices is expected to narrow due to higher ferrous scrap prices. In the overseas steel business, production problems caused by aging equipment at the US site are expected to continue, and temporary losses, including higher depreciation expense due to shortened useful lives, are reflected in the forecast.
Details and amount of extraordinary lossDetails Temporary losses, including higher depreciation expense due to shortened useful lives of existing equipment / Amount Not disclosed
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend 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 the domestic steel business, demand for construction steel products is sluggish, and product shipment volumes are expected to fall below plan. In addition, ferrous scrap prices are expected to exceed assumptions, narrowing the spread between selling and purchasing prices. In the overseas steel business, production problems caused by aging equipment at the US site are expected to continue, and temporary losses, including higher depreciation expense due to shortened useful lives, are also reflected in the forecast.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Earnings Forecasts | KYOEI STEEL LTD. (5440) timely disclosure | Komori