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.
In Japan, revenue and profit declined due to operating suspensions in May and June to update rolling equipment, higher energy costs and insufficient pass-through to selling prices. In Thailand, lower imports and higher sales volumes following the imposition of antidumping tariffs contributed to results. In Indonesia, higher sales volumes driven by the resumption of projects and rush demand contributed, while in the United States, stronger demand and higher selling prices expanded steel margins.
There are 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 | ¥84,046 million (YoY +10.3%) |
| Operating profit | ¥224 million (YoY -88.7%) |
| Ordinary income | ¥46,071 million (YoY +65.0%) |
| Profit attributable to owners of the parent | ¥27,556 million (YoY +44.0%) |
| Net income per share | ¥461.17 |
| Equity ratio | End of the current fiscal period 84.8 / End of previous period 85.5 |
| Total assets | ¥667,777 million |
| Net assets | ¥606,584 million |
| Cash flows from operating activities | ¥44,983 million |
| Cash flows from investing activities | ¥24,602 million |
| Cash flows from financing activities | ¥-13,079 million |
| Cash and cash equivalents at end of period | ¥134,834 million |
| Full-year earnings forecast | Net Sales ¥180,000 million (YoY +12.2%) / Operating profit ¥2,200 million (YoY -51.1%) / Ordinary income ¥95,500 million (YoY +46.4%) / Profit attributable to owners of the parent ¥62,000 million (YoY -0.6%) |
| Revision to Earnings Forecast | Net Sales ¥178,000 million → ¥180,000 million / Operating profit ¥3,200 million → ¥2,200 million / Ordinary income ¥87,000 million → ¥95,500 million / Profit attributable to owners of the parent ¥57,500 million → ¥62,000 million |
| Annual Dividend Forecast | ¥400 → ¥420 |
| Segment revenue | Steel Business (Japan) ¥20,680 million / Steel Business (Thailand) ¥40,526 million / Steel Business (Indonesia) ¥16,137 million / Railway Products Business ¥4,784 million / Other ¥1,916 million |
| Segment profit | Steel Business (Japan) ¥-3,018 million / Steel Business (Thailand) ¥4,088 million / Steel Business (Indonesia) ¥729 million / Railway Products Business ¥689 million / Other ¥51 million |
| Depreciation and amortization | ¥5,457 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥8 million / Extraordinary loss Loss on disposal of fixed assets ¥236 million, Provision for litigation loss ¥388 million, Provision for discounts on long-term receivables ¥3,146 million, Other ¥17 million / Total extraordinary losses ¥3,788 million |
| Disclosure regarding the going concern assumption | There are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 companies (company name: —) / Excluded 0 companies (company name: —) |
| Material subsequent events | There are no applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 62,000,000 shares |
| Treasury Shares at Period-End | 2,246,091 treasury shares |
| Factors Behind Changes in Business Performance | In Japan, revenue and profit declined due to operating suspensions in May and June to update rolling equipment, higher energy costs and insufficient pass-through to selling prices. In Thailand, lower imports and higher sales volumes following the imposition of antidumping tariffs contributed to results. In Indonesia, higher sales volumes driven by the resumption of projects and rush demand contributed, while in the United States, stronger demand and higher selling prices expanded steel margins. |
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, operations were suspended for 2 months to update rolling equipment, and the increase in energy costs could not be fully absorbed through selling prices. In the United States, stronger demand and higher selling prices expanded steel margins and lifted results. The full-year forecast incorporates a delay in the earnings recovery of domestic subsidiaries, continued yen depreciation and stronger-than-expected results from U.S. affiliates.