Komori
Earnings5446HOKUETSU METAL Co.,Ltd.Iron & Steel, Nonferrous Metals

Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended March 2026, operating income turned into an operating loss as sluggish demand for construction steel and a substantial decline in sales volume coincided with higher scrap steel prices and manufacturing costs. An operating loss of ¥900 million is expected for the fiscal year ending March 2027, and the annual dividend forecast is undecided.

Worth reading
49Recurring
Scored from 4 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
977
¥ million (year-on-year deterioration in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales23,598¥ millionYear on year -17.9%Progress 94.4%
Operating profit-309¥ million
Ordinary income-201¥ million
Net income attributable to owners of the parent-339¥ million

The 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.

Net income per share−¥88.01
Operating Margin△1.3%
Financial position at period-end
Total assets25,847¥ million
of which net assets 17,913 ¥ millionEquity ratio 69.3%vs. prior year-end +2.6pt

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.

Cash inflows and outflows
Operating+1,663
Investment-964
Financials-648
Net change+51

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.

Cash and cash equivalents at end of period¥2,289 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥25,000 million (YoY +5.9%)
Operating profit¥-900 million
Ordinary income¥-800 million
Net income¥-800 million
Annual Dividend Forecast¥4.00 (actual for the fiscal year ended March 2026) → Undecided (forecast for the fiscal year ending March 2027)(To be determined)
Factors Behind Changes in Business Performance

Profitability and manufacturing costs deteriorated due to sluggish demand for construction steel and a substantial decline in sales volume, weak steel market conditions, soaring scrap steel prices, downward pressure on selling prices, and a higher fixed-cost burden resulting from lower production volume.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Impairment loss¥3,703 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3,548 thousand, Subsidy Income ¥42,471 thousand / Extraordinary loss Impairment Losses ¥3,703 thousand, Loss on Disposal of Fixed Assets ¥13,497 thousand, Loss on reduction of fixed assets ¥42,471 thousand
Depreciation and amortization¥1,061,834 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable Yes / Subject person For analysts
Issued Shares at Period-End3,994,000 Shares
Treasury Shares at Period-End136,088 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥23,598 million (YoY -17.9%)
Operating profit¥-309 million
Ordinary income¥-201 million
Profit attributable to owners of the parent¥-339 million
Net income per share−¥88.01
Operating Margin△1.3%
Equity ratioEnd of the current fiscal period 69.3% / End of previous period 66.7%
Total assets¥25,847 million
Net assets¥17,913 million
Cash flows from operating activities¥1,663 million
Cash flows from investing activities¥-964 million
Cash flows from financing activities¥-648 million
Cash and cash equivalents at end of period¥2,289 million
Full-year earnings forecastNet Sales ¥25,000 million (YoY +5.9%) / Operating profit ¥-900 million / Ordinary income ¥-800 million / Net income ¥-800 million
Annual Dividend Forecast¥4.00 (actual for the fiscal year ended March 2026) → Undecided (forecast for the fiscal year ending March 2027)(To be determined)
Depreciation and amortization¥1,061,834 thousand
Impairment loss¥3,703 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3,548 thousand, Subsidy Income ¥42,471 thousand / Extraordinary loss Impairment Losses ¥3,703 thousand, Loss on Disposal of Fixed Assets ¥13,497 thousand, Loss on reduction of fixed assets ¥42,471 thousand
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable Yes / Subject person For analysts
Issued Shares at Period-End3,994,000 Shares
Treasury Shares at Period-End136,088 Shares
Factors Behind Changes in Business PerformanceProfitability and manufacturing costs deteriorated due to sluggish demand for construction steel and a substantial decline in sales volume, weak steel market conditions, soaring scrap steel prices, downward pressure on selling prices, and a higher fixed-cost burden resulting from lower production volume.
Items this document does not state (7)
Revision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlog

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.

Demand for construction steel remained sluggish against a backdrop of delays in construction schedules and revisions to construction plans, resulting in a substantial decline in sales volume. In addition, profitability and manufacturing costs deteriorated due to weak steel market conditions, soaring scrap steel prices, downward pressure on selling prices, and a higher fixed-cost burden resulting from lower production volume.

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.
Summary of Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | HOKUETSU METAL Co.,Ltd. (5446) timely disclosure | Komori