Results for this period
First quarter1 April 2026 to 30 June 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.
In Japan, sales and earnings declined due to sluggish demand, higher costs including iron scrap prices, and a suspension of operations for rolling equipment upgrades. In Thailand, sales and earnings increased as demand recovered and anti-dumping tariffs reduced inflows of Chinese steel. In Indonesia, sales increased, but earnings declined due to lower selling prices and narrower steel margins. In the United States, earnings increased substantially as sales volume, selling prices and steel margins improved against a backdrop of data-center construction.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥39,195 million (YoY -0.0%) |
| Operating profit | ¥-446 million |
| Ordinary income | ¥22,151 million (YoY +112.3%) |
| Profit attributable to owners of the parent | ¥12,291 million (YoY +107.9%) |
| Net income per share | ¥205.71 |
| Equity ratio | End of the current fiscal period 84.6 / End of previous period 85.5 |
| Total assets | ¥646,693 million |
| Net assets | ¥586,557 million |
| Cash flows from operating activities | ¥37,358 million |
| Cash flows from investing activities | ¥50,940 million |
| Cash flows from financing activities | ¥-11,581 million |
| Cash and cash equivalents at end of period | ¥155,129 million |
| Full-year earnings forecast | Net Sales ¥178,000 million (YoY +11.0%) / Operating profit ¥3,200 million (YoY -28.8%) / Ordinary income ¥87,000 million (YoY +33.4%) / Net income ¥57,500 million (YoY -7.8%) |
| Revision to Earnings Forecast | 2Q cumulative Net Sales ¥80,000 million → ¥86,500 million（+8.1%） / Operating profit ¥500 million → ¥800 million（+60.0%） / Ordinary income ¥35,000 million → ¥45,500 million（+30.0%） / Net income ¥24,000 million → ¥28,500 million（+18.8%） / Full year Net Sales ¥166,000 million → ¥178,000 million（+7.2%） / Operating profit ¥4,500 million → ¥3,200 million（-28.9%） / Ordinary income ¥68,000 million → ¥87,000 million（+27.9%） / Net income ¥47,000 million → ¥57,500 million（+22.3%） |
| Annual Dividend Forecast | ¥400 → ¥400（0.0%） |
| Segment revenue | Steel Business (Japan) ¥9,203 million / Steel Business (Thailand) ¥20,252 million / Steel Business (Indonesia) ¥6,606 million / Railway Products Business ¥2,119 million |
| Segment profit | Steel Business (Japan) ¥-1,863 million / Steel Business (Thailand) ¥2,228 million / Steel Business (Indonesia) ¥84 million / Railway Products Business ¥179 million |
| Depreciation and amortization | ¥2,809 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥112 million, Provision for litigation loss ¥26 million, Provision for discounts on long-term receivables ¥3,193 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 62,000,000 Shares |
| Treasury Shares at Period-End | 2,247,590 Shares |
| Factors Behind Changes in Business Performance | In Japan, sales and earnings declined due to sluggish demand, higher costs including iron scrap prices, and a suspension of operations for rolling equipment upgrades. In Thailand, sales and earnings increased as demand recovered and anti-dumping tariffs reduced inflows of Chinese steel. In Indonesia, sales increased, but earnings declined due to lower selling prices and narrower steel margins. In the United States, earnings increased substantially as sales volume, selling prices and steel margins improved against a backdrop of data-center construction. |
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 Japan, sluggish demand for construction and civil engineering projects, higher costs including iron scrap prices, and a two-month suspension of operations for rolling equipment upgrades led to lower sales and earnings. In Thailand, sales volume increased as demand recovered and anti-dumping tariffs on Chinese steel reduced competition. In the United States, earnings increased on demand related to data-center construction, higher selling prices and wider steel margins. The company said the full-year forecast revisions incorporate expectations that performance in Thailand and the United States will exceed assumptions, while also reflecting deteriorating profitability in the domestic steel business.