Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 31 July 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.
The forecast reflects the difficult earnings environment in the steel business of domestic consolidated subsidiaries and the expectation that the earnings recovery will take longer than anticipated, while also incorporating continued yen depreciation and results from U.S. equity-method affiliates that are continuing to exceed expectations by an even wider margin.
| Item | Details |
|---|---|
| Net Sales | ¥178,000 million → ¥180,000 million（+1.1%） |
| Operating profit | ¥3,200 million → ¥2,200 million（-31.3%） |
| Ordinary income | ¥87,000 million → ¥95,500 million（+9.8%） |
| Profit attributable to owners of the parent | ¥57,500 million → ¥62,000 million（+7.8%） |
| Net income per share | 962.3 Yen/sen → 1,037.59 Yen/sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 31 July 2026 |
| Previous-period results | Fiscal year ended March 2026: revenue ¥160,389 million, operating income ¥4,495 million, ordinary profit ¥65,235 million, net income attributable to owners of the parent ¥62,389 million, earnings per share ¥1,024.60 |
| Reason for the revision | The forecast reflects the difficult earnings environment in the steel business of domestic consolidated subsidiaries and the expectation that the earnings recovery will take longer than anticipated, while also incorporating continued yen depreciation and results from U.S. equity-method affiliates that are continuing to exceed expectations by an even wider margin. |
| 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.Operating income declined in the interim period, mainly due to deterioration in the steel business of domestic consolidated subsidiaries and the recording of an inventory valuation loss under the lower-of-cost-or-market method. For the full year, the forecast reflects the difficult earnings environment in the domestic steel business and a delay in its recovery, as well as continued yen depreciation and results from U.S. equity-method affiliates that are exceeding expectations.