Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 30 April 2026The 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.
Difficult conditions are expected to continue at all locations other than the United States due to heightened tensions in the Middle East, uncertainty over the outlook for the global economy, sluggish demand for steel products in China and low-priced steel exports from China. Meanwhile, supply and demand are expected to remain balanced in the U.S. business, which is expected to continue operating in an environment that enables it to secure a high level of profitability. The revisions reflect expectations that the first-half performance of the consolidated subsidiary in Thailand and the first-half and full-year performance of the U.S. equity-method affiliate will exceed projections, while the full-year forecast primarily incorporates deteriorating profitability in the steel business of domestic consolidated subsidiaries.
| Item | Details |
|---|---|
| Net Sales | Second quarter (interim period) 80,000 / Full year 166,000 → Second quarter (interim period) 86,500 / Full year 178,000（Second quarter (interim period) 8.1 / Full year 7.2） |
| Operating profit | Second quarter (interim period) 500 / Full year 4,500 → Second quarter (interim period) 800 / Full year 3,200（Second quarter (interim period) 60 / Full year -28.9） |
| Ordinary income | Second quarter (interim period) 35,000 / Full year 68,000 → Second quarter (interim period) 45,500 / Full year 87,000（Second quarter (interim period) 30 / Full year 27.9） |
| Profit attributable to owners of the parent | Second quarter (interim period) 24,000 / Full year 47,000 → Second quarter (interim period) 28,500 / Full year 57,500（Second quarter (interim period) 18.8 / Full year 22.3） |
| Net income per share | Second quarter (interim period) 401.66 / Full year 786.58 → Second quarter (interim period) 476.97 / Full year 962.3 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 30 April 2026 |
| Previous-period results | Second quarter (interim period): revenue of ¥76,180 million, operating profit of ¥1,994 million, ordinary profit of ¥27,928 million, interim net income attributable to owners of the parent of ¥19,133 million, and interim net income per share of ¥310.82. Full year: revenue of ¥160,389 million, operating profit of ¥4,495 million, ordinary profit of ¥65,235 million, net income attributable to owners of the parent of ¥62,389 million, and net income per share of ¥1,024.60. |
| Reason for the revision | Difficult conditions are expected to continue at all locations other than the United States due to heightened tensions in the Middle East, uncertainty over the outlook for the global economy, sluggish demand for steel products in China and low-priced steel exports from China. Meanwhile, supply and demand are expected to remain balanced in the U.S. business, which is expected to continue operating in an environment that enables it to secure a high level of profitability. The revisions reflect expectations that the first-half performance of the consolidated subsidiary in Thailand and the first-half and full-year performance of the U.S. equity-method affiliate will exceed projections, while the full-year forecast primarily incorporates deteriorating profitability in the steel business of domestic consolidated subsidiaries. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.The Company explains that, amid heightened tensions in the Middle East, uncertainty surrounding the global economy, sluggish demand for steel products in China and low-priced steel exports, difficult conditions are expected to continue at all locations other than the United States, while the U.S. business is expected to continue operating in a highly profitable environment. In addition, the revisions reflect expectations that the performance of the consolidated subsidiary in Thailand and the equity-method affiliate in the United States will exceed projections, while the full-year forecast incorporates deteriorating profitability in the steel business of domestic consolidated subsidiaries.